Question:What does QuickBooks do so that you don't have to restate the financials when voiding a check from a prior period? 

A Changes the check amount to zero, marks it void, and enters a memo about the related journal entries. 
B Creates a journal entry dated the same as that of the check. 
C Creates a reversing journal entry as of the current system date that does not change the prior year's financial statements while allowing you to reconcile the bank account. 
D All of these 

+ Answer
D 

+ Explanation
Answer not sure

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Md. Habib Ullah

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