September 2023 Setting Up a New Company in QuickBooks Please respond to the following Suggest

2024 Accountin306 Assignment Help

Setting Up a New Company in QuickBooks Please respond to the following Suggest 2023

“Setting Up a New Company in QuickBooks” Please respond to the following: Suggest one (1) consequence of improperly classifying an account type (e.g., if an expense is classified as an asset or an asset is classified as an expense). Describe the effect on at least two (2) of the four (4) major financial statements: Profit & Loss (Income) Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows.

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