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How are opening balances added for an expense account

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Reference no: EM132668718

Problem 1: Which account type should be chosen for account used to record customer credit card receipts?

a. Bank

b. Bank - Credit Card

c. Credit Card

d. Accounts Receivable

Problem 2: How are opening balances added for an expense account?

a. Using the Enter Opening Balances button on the Add New Account form

b. Using the Historical Information field on the Add New Account form

c. As an adjusting entry after the account has been created

d. By right-clicking the account in the Chart of Accounts and selecting Add Balance

Reference no: EM132668718

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