Bookkeeping with Quickbooks Exam Questions and Answers 100% Solved
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Course
Bookkeeping
Institution
Bookkeeping
Bookkeeping with Quickbooks Exam
Questions and Answers 100% Solved
you're ready to create a new company file. which of the following
quickbooks features should you use? - EasyStep interview
ace just bought a new vehicle for the company. what account type should
you use to track the value of a ...
you're ready to create a new company file. which of the following
quickbooks features should you use? - ✔✔EasyStep interview
ace just bought a new vehicle for the company. what account type should
you use to track the value of a vehicle he has purchased? - ✔✔Fixed Asset
in quickbooks, the book value of a fixed asset account is represented by
the sum if its cost and which subaccount? - ✔✔Accumulated Depreciation
which account in quickbooks will help you track bills ace receives from his
vendors? - ✔✔accounts payable
which of the following best describes a purchase order? - ✔✔a document
indicating that you have ordered products or services from a vendor ahead
of delivery
ace receives a customer payment for a completed job. when you enter the
customer payment in quickbooks, the payment is first recorded to which of
the following accounts? - ✔✔undeposited funds
, ace has completed his first month of business and wants to see how he's
doing. which of the following quickbooks preset reports will show his
company's financial position is that (or ant) moment in time? - ✔✔balance
sheet
ace is trying to learn more about quickbooks files and calls his accountant.
the first thing he wants to know is the difference between a portable file and
an accountant copy. if his accountant knows his stuff, what would he
answer? - ✔✔an accountant's copy allows the user to still work in the file
while the accountant also makes entries
ace is interested in offering all nikon digital cameras at 20% off as a
summer promotion hat would you do in Quickbooks to account for this
sale? - ✔✔change the price of the items in the change item Prices window
the fiscal year for ace photography has come to an end qhat so you do in
QuickBooks to close the books - ✔✔set a closing date password
ace is interested in giving a discount to some of his loyal customers ad he
doesn't need to teach this information which of the following would you
create in Quickbooks to grant the discount? - ✔✔a fixed percentage price
level
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