Exam (elaborations)

QuickBooks Chapter 7 - Reports & Graphs Already Passed

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Module
Quickbooks

Institution
Oxford University (OX)

The order of the steps in the accounting cycle includes: Trial balance, adjusting entries, adjusted trial balance, financial reports What is an asset? What a company owns To record adjusting journal entries in QuickBooks, select: Accountant menu, Make General Journal Entries Examples o...

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Uploaded on September 16, 2023
Number of pages 5
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

quickbooks chapter 7
quickbooks chapter 7
quickbooks
quickbooks chapter 7 reports graphs already p
quickbooks chapter 7 reports graphs
quickbooks chapter 7 questions and answers

Institution Oxford University (OX)
Education Unknown
Module Quickbooks

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QuickBooks Chapter 7 - Reports &
Graphs Already Passed
The order of the steps in the accounting cycle includes: ✔✔Trial balance, adjusting entries,

adjusted trial balance, financial reports

What is an asset? ✔✔What a company owns

To record adjusting journal entries in QuickBooks, select: ✔✔Accountant menu, Make General

Journal Entries

Examples of management reports for internal decision making include all of the following except

✔✔1120S Report

Examples of management reports for internal decision making includes ✔✔Cash budget, cash

forecast, and A/R Aging summary

Income tax reports in QuickBooks include all of the following except: ✔✔Income Tax mapping

report

, Income tax reports includes ✔✔Income tax preparation, detail, and summary reports

Sales are recorded under cash basic accounting when: ✔✔Cash is collected from customers

Income statement lists ✔✔Income and Expenses

Which one of the following classifications is found on Statement of Cash Flows? ✔✔Cash flows

from financing activities

What is Owner's equity? ✔✔What remains after liabilities are satisfied

To print General Ledger: ✔✔Select Report Center > Accountant & Taxes, General Ledger

The Profit & Loss Statement lists ✔✔Income and Expenses

What info does a Balance sheet provide? ✔✔A company's financial position on a specific date

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