QuickBooks Final Exam Review Chapters 1, 2, & 3 Correct 100%(GRADED A+)

All of the following are one of the four main categories of transactions in QuickBooks except: - ANSWER Calendar The Chart of Accounts can be accessed from which section of the Home page? - ANSWER Company To change a company name in QuickBooks, select the following form the menu bar: - ANSWER CompanyMy companyEdit Which of the following file types identifies a QuickBooks Backup File? - ANSWER .QBB Which QuickBooks window allows you to add your name to the checking account? - ANSWER Chart of Accounts The check register: - ANSWER Records payment and deposits to the Checking account All of the following tasks can be completed in the Banking section of the Home page except: - ANSWER Pay employees Examples of undeposited funds are: - ANSWER Customer payments recorded as received but not yet deposited Which of the following steps will record a deposit? - ANSWER Use the Make Deposits window and enter the information directly into the check register. All of these. Which of the following statements is true? - ANSWER To maintain separation between the personal and business accounting records, the owner's personal Checking account should not be used to pay bills for the business and should not be listed in the business' Chart Of Accounts When reconciling a bank account, which one of the following is considered a timing difference (difference between the bank balance and the book balance)? - ANSWER Outstanding checks When the balance of an asset account, like Checking, increases, it means that the account has been: - ANSWER Debited When the balance of an equity account, like Capital Stock, Increases, it means that the