Quickbooks chapter 8 exan Study guides, Class notes & Summaries
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QuickBooks chapter 8 (2023/2024) Rated A+
- Exam (elaborations) • 3 pages • 2023
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what are the steps to create a profit and loss budget? - gear icon 
- budgeting 
- add budget 
- enter info 
what value do budgets provide a business? - provide internal control over business activities 
- help ID and resolve problems 
why should a business reconcile a checking account? reconciliation helps ID any unusual 
transactions that can be caused by fraud or accounting errors. 
who should prepare a bank reconciliation? someone other than the accountant or bookkeeper 
explain the dif...
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