QQuestionAccounting
QuestionAccounting
"Theo needs to enter a new income account into QuickBooks. Which list should he use?
A. Customer
B. Income
C. Chart of accounts"
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Answer
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Step 1I'll solve this accounting problem step by step:
Step 2: Understand the Context
When creating a new income account in QuickBooks, Theo needs to use the appropriate list to properly categorize and track financial information.
Final Answer
Chart of accounts Explanation: The Chart of Accounts is the proper list for adding new financial accounts, including income accounts, in QuickBooks. This list allows for systematic organization and tracking of a company's financial transactions.
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