Custom fields can be created ____________________. Select all that apply. Select one or more: A. on the Advanced tab of Account and Settings B. on the Expenses tab of Account and Settings C. on the Sales tab of Account and Settings D. on the Company tab of Account and Settings

Q: What is the process of transferring the debits and credits from the journal entries to the accounts…

A: Journal entry is the primary recording of business transactions. Every transaction has debit and…

Q: Raymond Autobody Shop has the following accounts: A (Click the icon to view the accounts.) Create a…

A: Assets = Liabilities + Equity

Q: Give a description of the posting events on purchasing processes and their results in accounting…

A: Here given the details of Posting events on Purchases process and it result into the accounting…

Q: Which files do you usually find in a sales order module versus an account receivable (customer…

A: The sales order module contains an open sales order which is an internal document issued by seller…

Q: The Maintain; Chart of Accounts window can be used to revise accounts in the chart of accounts.…

A: Accounting is the process that is followed by a business in order to record their financial…

Q: Which common workflow error can cause duplicate expenses in QuickBooks Online? -Create a purchase…

A: Normal process for recording service bill is PO generating, invoice posting and vendor payment…

Q: Ms. Andrews is a customer of the Edsell Company. In the object-oriented design approach   A. Ms.…

A: Object-oriented design approach - The same tool used to integrates accounting structures and…

Q: Your company uses account numbers as well as account names in their chart of accounts.  They also…

A: Following is the answer to the given question

Q: Revenue Cycle. a. Give three examples of access control in a point-of-sale (POS) system. a. Discuss…

A: POS is the place where the actual sale events occurred and all sales are recorded  in the books of…

Q: Discuss the trade-off in choosing to update the general ledger accounts in real time.

A: Real Time versus Batch Processing: Real time processing refers to the changes that are updated in…

Q: Match the term in the left column with its definition in the right column. 1. CRM system a. Document…

A: Bill of lading is a  shipping document which mentions the quantity of goods shipped, and the sender…

Q: All of the following functions are normally found within an organization's sales/collection except:…

A: An entity involved in sale of merchandise has to keep a track of multiple functions such as receipt…

Q: As you work this problem, be sure to label entries with the appropriate "letter" associated with the…

A: T-account is a graphical representation of Ledger and contains two sides i.e. debit and credit

Q: Explain an example of post the journal entries to the T-accounts.

A: Journal entry: It is a set of economic events that can be measured in monetary terms. These are…

Q: ile, or archive file. a. customer ledgers b. purchase orders c. list of authorized vendors d.…

A: Master file, transaction file, reference file and archive files are computer processing files.…

Q: The outputs of a computerized accounting information system are called Reports. Software.…

A: Accounting information systems: Accounting information system is a system that collects, stores,…

Q: dentify the items from the following list that are likely to serve as soùrce documents. (You may…

A: Source documents: It is the document which is a proof that a transaction has taken place. It is the…

Q: In a manual accounting system, what advantage does the journal voucher system have over the…

A: Journal  Voucher Journal voucher is a special source of document which has been replaced for general…

Q: Describe and use the sales journal. What steps are followed in posting from the sales journal to the…

A: Sales Journal: A journal is a book of original entry where all journal entries are recorded on the…

Q: Compare and contrast a manual accounting system for processing customer transactions. Include an…

A: A manual accounting system is a bookkeeping system for recording business activity transactions,…

Q: For each transaction, suggest two internal controls you would implement. Justify your response.…

A: Internal Control: Internal control is a method used by a company's board of directors, management,…

Q: General Ledger

A: General Ledger -: In Accounting, a general ledger, moreover realized as a nominal ledger, is a…

Q: d. The sales department approves sales credit memos as the result of product returns and forwards…

A: The sales department of the company is responsible for recording the sales made by the company…

Q: Write a SQL query to calculate the total purchase amount of customer_id 3005

A: Query refers to the inquiry as well as question related to the set of data. SQL (Structured Query…

Q: en posting transactions to the general ledger, use the transaction

A: After posting each journal entry in respective ledgers, we will get closing balance of all the…

Q: procedure will complete the purchase procedure in a company?

A: Option a is wrong because approving suppliers invoice is usually done at the beginning stage of…

Q: For each of the following processes, state whether OLTP or OLAP is appropriate, and why. a. An…

A:

Q: If the company has a multiple trasactions, what ledger should you post the trasaction?

A: Financial accounting involves recording of financial transactions of a firm during the accounting…

Q: Identify the appropriate special journal to be used for every source document listed below: •…

A: Since you have asked a question with multiple sub parts, we will answer the first three sub parts…

Q: You were hired to assist Oman based Company in designing an accounting system for Oman Co., Ltd. has…

A: We will answer only first three subparts of the question as it is not specified which sub part is to…

Q: Prepare a general Journal entry to record the individual of the purchase business called Techpager.

A: Cost of the asset is the asset cost which a person or a company incurs in order to purchase the…

Q: By using FIFO method: Post Journal entries for Sales and CGS?

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: For each of the following items, indicate whether a sequential, block, group, alphabetic, or…

A: State Codes - Alphabetic Code - Because it corresponds to abbreviation of postal Service.  Check…

Q: Where can a primary admin accountant user view the apps connects to a client's quickbooks online…

A: The primary admin accountant is the user who has the highest level permissions in QuickBooks and can…

Q: Registers in OBO: Multiple Choice Display more detailed information about accounts Display all…

A: Quickbooks is very useful and important tool used for accounting nowadays. This is a kind of…

Q: Post the folowing using T-Accounts

A: Ledgers summarizes  the journal entries so that we can get more information in a Single Format and…

Q: -ks of January (- dditional salarie sting entry for account field.) View transaction lis

A: Fact:  Employees earned in last three days of Jan ,salary…

Q: Post the journal entries to T accounts using the template given.

A: The first 3 transactions are answered for you. Please resubmit specifying the question number you…

Q: which of the following actions update/ record is: a master file, transactions file, special journal,…

A: Transaction- A business transaction, also known as a financial transaction, is one that can be…