Quiz: Accounting - Where and how it happens

This is a true/false quiz.

Click the statement to see the answer.

1. When employees enter billable time to a project, Ajera automatically enters it on the draft client invoice.

   True.

2. As you work, to ensure accurate record keeping, Ajera creates entries to the general ledger only for accrual accounting.

   False. Ajera makes the appropriate entries for both cash and accrual accounting.

3. When you enter vendor invoices, Ajera makes it easy for you by reminding you to also add that cost to the applicable client invoice.

   False. Ajera automatically includes cost from vendor invoices on the applicable draft client invoice.

4. The accounting date is important because Ajera uses it to determine the period for which an entry appears on financial statements.

   True.

Back to the lesson