QuickBooks uses which basis of bookkeeping?

A. Cash
B. Accrual
C. Both accrual and cash
D. Neither accrual nor cash


Answer: C

Business

You might also like to view...

Which of the following is NOT a technique used in integrated marketing communications?

A) product placement in movies and TV shows B) celebrity spokespersons C) third-party sponsorship D) sponsorship of sporting events

Business

Eft

A) means Efficient Funds Transfer B) can process certain cash transactions at less cost than by using the mail C) makes it easier to document purchase and sale transactions D) means Effective Funds Transfer

Business

Title VII contains an exemption for bona fide seniority systems under:

a. Section 200. b. Section 600(c). c. Section 5. d. Section 703(h).

Business

Kristen receives unsolicited merchandise in the mail. Kristen

A. may keep the merchandise without any obligation to the sender. B. must return the merchandise within five days to avoid payment. C. must return the merchandise within fifteen days to avoid payment. D. must return the merchandise within thirty days to avoid payment.

Business