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QuickBooks Chapter 1 Test with Complete Solutions 2024/25 Update £9.39
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QuickBooks Chapter 1 Test with Complete Solutions 2024/25 Update
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QuickBooks Chapter 1 Test with Complete Solutions 2024/25 Update Data entry is the same in QuickBooks whether you use accrual or cash basis accounting True Always back up your company file to a location NOT on the same hard drive as the original file True

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  • August 26, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • quickbooks chapter 1 test with complete solutions
  • data entry is the same in quickbooks whether you

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  • QuickBooks
  • QuickBooks

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QuickBooks Chapter 1 Test with Complete
Solutions 2024/25 Update
Data entry is the same in QuickBooks whether you use accrual or cash basis

accounting ✔✔True


Always back up your company file to a location NOT on the same hard drive as

the original file


✔✔True


The cash basis accounting means the sale transaction is recorded when the sale

is made, and


expenses are recorded when they are incurred ✔✔False


QuickBooks for Mac has the same basic look as the Windows version, but the

functions are


different ✔✔False


Leann works for a nonprofit organization. At a past job she used QuickBooks

CANNOT be used


for nonprofits ✔✔False


Rahim is having trouble managing his small business's finances. His friend is

encouraging him to

, QuickBooks Chapter 1 Test with Complete
Solutions 2024/25 Update
purchase QuickBooks because, "You don't have to know anything about

accounting.


QuickBooks does all the work and prevents you from having any problems." Is

what Rahim's


friend is saying true or false? ✔✔False


The QuickBooks working file has the .QBW extension and is the company file.

✔✔True


The working QuickBooks company file, with the .QBW extension, is a

compressed file ✔✔False


In QuickBooks, portable files must be restored before use ✔✔True


The active window will always appear at the top of the Open Window List

✔✔True


The act of decompressing a QuickBooks portable file is called: ✔✔Restoring


When are transactions saved in QuickBooks? ✔✔As they are entered

(automatically)

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