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  3. 4. which of the following statements is true? a. t

4. Which of the following statements is true? a. The correct QuickBooks form when billing...

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Accounting

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4. Which of the following statements is true? a. The correct QuickBooks form when billing the customer is the Statement b. The correct QuickBooks form when vendors bill the company is the Write Cheques form. c. The correct QuickBooks form for a customer invoice is the Sales Receipts form. d. The correct QuickBooks form for a vendor invoice is the Enter Bills form. 5. Which of the following statements is true? a. Amounts the customers owe the business are held in the Undeposited Funds GL account until paid. b. Amounts the business owes to others are held in the Accounts Payable (AIP) GL account until paid. c. Amounts the business owes to others are held in the Accounts Receivable (A/R) GL account until paid. d. Amounts the customers owe the business are held until paid in the cost of Goods Sold (COGS) GL account until paid 6. Which report provides the exact number of days an invoice is overdue for payment? a. Profit & Loss b. A'R Aging Detail c. Balance Sheet d. A/R Aging Summary

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