Question

After you import the chart of accounts, edit the _______ and the ________ accounts to add opening balance and as of dates.

a) Income; Expense
b) Asset; Liability
c) Equity; Revenue
d) Credit; Debit

Answer 1

After importing the chart of accounts, you should edit the Asset and Liability accounts to add opening balance and as of dates.

Step-by-step explanation:

After you import the chart of accounts, you need to edit the Asset and Liability accounts to add opening balance and as of dates. This is because the chart of accounts typically includes all account types, including asset and liability accounts.