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QuickBooks Online Midterm Exam Questions and Answers CA$15.15   Add to cart

Exam (elaborations)

QuickBooks Online Midterm Exam Questions and Answers

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  • Course
  • Quickbooks online
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  • Quickbooks Online

The gear icon is where you: - Answer-Manage users and modify or change company settings The list of accounts and account numbers used to capture and track transactions is known as: - Answer-Chart of Accounts When you run a report in QuickBooks online you can only print that report: - Answer-F...

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  • October 3, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • Quickbooks online
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QuickBooks Online Midterm Exam
Questions and Answers
The gear icon is where you: - Answer-Manage users and modify or change company
settings

The list of accounts and account numbers used to capture and track transactions is
known as: - Answer-Chart of Accounts

When you run a report in QuickBooks online you can only print that report: - Answer-
False

Once you set up your company settings, you can never change them: - Answer-False

A company's QBO system is updated: - Answer-Automatically by Intuit

What types of things are you able to do with the "+" (create) icon? - Answer-Invoice a
customer and Enter Bills

When you delete an account from the chart of accounts, it is gone forever: - Answer-
False

Every sub account in QBO must have: - Answer-a parent account

Identify the typical sequence of the following steps: - Answer-1) invoice customer
2) Receive pmts
3) Bank deposit

What is typically used when a customer is buying something now and paying for it now:
- Answer-sales receipt

Not all customers are "taxable" customers: - Answer-True

( ) is considered a "holding" account for pmts. received but not yet taken to the bank -
Answer-Undeposited Funds

A credit memo can be manually or automatically applied: - Answer-True

To enter a sales receipt, do this: - Answer-1) "+" (create icon)
2) sales receipt (in the customer's list)

An ( ) is typically used when a customer is buying something now and paying for it later.
- Answer-invoice

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