### Question 49 of 50**With regards to the closing date, which 2 statements are correct?***One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.*1. ☐ Any user with administrator rights has the ability to change the closing date and password2. ☐ Any user that has Accountant Access will be able to change the closing date and password3. ☐ If the books are closed without a password set and the client does not have admin rights, they will not be able make any changes to a transaction dated prior to the closing date4. ☐ Only an Accountant user set up as a Lead Accountant can close the books

Based on the options given we have answered the questions.

Question 49 of 50 With regards to the closing date, which 2 statements are correct? One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again. Any user with administrator rights has the ability to change the closing date and password Any user that has Accountant Access will be able to change the closing date and password If the books are closed without a password set and the client does not have admin rights, they will not be able make any changes to a transaction dated prior to the closing date Only an Accountant user set up as a Lead Accountant can close the books

Question 49 of 50 With regards to the closing date, which 2 statements are correct? One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again. Any user with administrator rights has the ability to change the closing date and password Any user that has Accountant Access will be able to change the closing date and password If the books are closed without a password set and the client does not have admin rights, they will not be able make any changes to a transaction dated prior to the closing date Only an Accountant user set up as a Lead Accountant can close the books

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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