38701433
Descrição
FlashCards por Regan Deckinger, atualizado more than 1 year ago
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Criado por Regan Deckinger
mais de 1 ano atrás
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| Questão | Responda |
| Cash Basis | A sale is recorded when cash is collected from the customer. |
| Accrual Basis | Sales are recorded when the good or service is provided regardless of when the cash is collected from the customer. |
| Who Owes You Reports | Examples of this category include accounts receivable aging and open invoices. |
| Sales and Customer Reports | This category of reports includes income by customer and sales by product/service reports. |
| What You Owe Reports | Examples of this qbo report category include accounts payable aging and unpaid bills. |
| Expenses and Vendors Reports | This report category includes open purchase orders and purchases by product/service. |
| For My Accountant Reports | Examples of this include the trial balance, journal, and general ledger reports. |
| Tags | Electronic labels. |
| Profit and Loss | Lists income and expenses, summarizing the income a company has earned and the expenses incurred to earn the income. |
| Balance Sheet | Lists assets, liabilities, and owner's equity, summarizing what a company owns and owes on a particular date. |
| Statement of Cash Flows | Lists cash flows from operating, investing, and financing activities of a business. |
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