1. Blayne is ready to set up his QuickBooks company file. How should he go about choosing the start date for his company? A He must set it as the day he starts creating his company file. OA A. He should consider how much time it will take to enter past transactions and then choose the beginning on a month, quarter, or year. OB. A He should choose the first day of the year in which he is setting up the QuickBooks file. A He must set it up as the first day he was in business. C.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. Blayne is ready to set up his QuickBooks company file. How should he go about choosing the start date for his company?
A He must set it as the day he starts creating his company file.
O A.
A. He should consider how much time it will take to enter past transactions and then choose the beginning of
a month, quarter, or year.
OB.
A He should choose the first day of the year in which he is setting up the QuickBooks file.
A He must set it up as the first day he was in business.
C.
Transcribed Image Text:1. Blayne is ready to set up his QuickBooks company file. How should he go about choosing the start date for his company? A He must set it as the day he starts creating his company file. O A. A. He should consider how much time it will take to enter past transactions and then choose the beginning of a month, quarter, or year. OB. A He should choose the first day of the year in which he is setting up the QuickBooks file. A He must set it up as the first day he was in business. C.
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