Nithya is setting up QuickBooks Online for the first time. When would she enter an opening balance? Select an answer: when a customer has a balance in her previous accounting system when she wants to reflect that a new customer has a zero beginning balance when she is entering information for any new customer

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter3: The General Journal And The General Ledger
Section: Chapter Questions
Problem 2A: What Would You Say? You are the new bookkeeper for a small business. The bookkeeper whose job you...
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Nithya is setting up QuickBooks Online for the first time. When would she enter an opening balance?

Select an answer:

  • when a customer has a balance in her previous accounting system
  • when she wants to reflect that a new customer has a zero beginning balance
  • when she is entering information for any new customer
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