Reference no: EM132943481

Problem 1: How should an accrual basis reporting company record a bad debt?

A Use the Bad Debt Adjustment window

B Record the bad debt as a negative receivable

C Use a credit memo with an item pointing to Bad Debt Expense

D Enter the bad debt as a discount item in the Create Invoice window

Problem 2: A Sales Tax Group lets you do which of the following?

A Pay a single tax to a single tax agency

B Adjust the Sales Tax Liability account easily

C Track taxable vs. non-taxable items and customers

D Pay different parts of the same tax to multiple tax agencies