Exam (elaborations)

QuickBooks Chapter 2 Questions and Answers Already Graded A+

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Module
Quickbooks

Institution
Oxford University (OX)

How are bank charges, which have not been recorded in QBO, classified? Bank charges which have not yet been recorded in QBO are not recognized and are temporarily classified as Uncategorized Expense. How are bank deposits, which have not been recorded in QBO, classified? Select one: a. Bank...

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Uploaded on September 16, 2023
Number of pages 7
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

quickbooks chapter 2
quickbooks
quickbooks chapter 2 questions and answers alread
quickbooks chapter 2 questions and answers
quickbooks chapter 2 questions

Institution Oxford University (OX)
Education Unknown
Module Quickbooks

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QuickBooks Chapter 4 Questions and
Answers Already Passed
Which of the following reports is not part of the period-end accounting reports? ✔✔Pending

Sales

The Cost of Goods Sold account would fall into which of the following account types?

✔✔Income and Expenses

Which of the following is one of the financial reports that companies prepare at least once a

year? ✔✔Balance Sheet

By what name is the income statement known in QuickBooks? ✔✔Profit & Loss report

In customizing the Journal report to show only the adjusting journal entries, you would be using

the __________ feature. ✔✔Filter

One way to open the Make General Journal Entries window is to begin by clicking __________

on the main menu bar. ✔✔Company

, In a manual accounting system, transactions are initially recorded chronologically in the

✔✔General Journal

Adjustments made to accounts at certain periods of time (for example, at the end of the month)

are referred to as ✔✔Adjusting Journal Entries

Which of the following statements regarding credit amounts in a manual accounting system is

not true? ✔✔They are always recorded as negative numbers

When determining how to identify accounts for purposes of reports and postings, QuickBooks

relies on this piece of account information. ✔✔Account Type

In QuickBooks, registers are not available for __________ accounts ✔✔Income and Expense

This report is used to verify that the total debits equal the total credits in the general ledger.

✔✔Trial Balance

Adjusting journal entries are usually dated the ✔✔last day of the month

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