QuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update
9 views 0 purchase
Module
QuickBooks
Institution
QuickBooks
QuickBooks Chapter 2 Test with Complete
Solutions 2024/25 Update
Subitems do NOT affect the accounting behind the scenes True
To edit an existing transaction in QuickBooks, you void it and the re-create it
False
Lists in QuickBooks are used for storing your list of accounts False
You CANNOT...
QuickBooks Chapter 2 Test with Complete
Solutions 2024/25 Update
Subitems do NOT affect the accounting behind the scenes ✔✔True
To edit an existing transaction in QuickBooks, you void it and the re-create it
✔✔False
Lists in QuickBooks are used for storing your list of accounts ✔✔False
You CANNOT add information to a customer entry; you must enter the
information into a job
✔✔False
You CANNOT edit a customer record after it has been created ✔✔False
You CANNOT merge more than two customer names at one time ✔✔True
Non-inventory items are tracked in the Cost of Goods account ✔✔True
Use a sales graph to display your sales by item, customer, or rep. ✔✔True
What type of information can the Search feature help you find? ✔✔List Entries
Before you can add something to an invoice, it must be created as a(n): ✔✔Item
What must you specify when creating an invoice? ✔✔Customer
, QuickBooks Chapter 2 Test with Complete
Solutions 2024/25 Update
Carlos has many customers in his company file and it's getting difficult for him to
navigate
through them all. He wants to clean up his list of customers by removing those
he's pretty sure
won't be coming in again. How can Carlos do this? ✔✔He can mark the
unwanted customers as
inactive
What happens behind the scenes if you don't use the Receive Payments window
to record a
payment on an invoice? ✔✔Income will be overstated and Accounts Receivable
will not be
cleared out
To remove a transaction and still retain a record of it, use the ____ command
✔✔Void
Which aspects of doing business with customers are set up and executed in the
Customer Center?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TheeGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.84. You're not tied to anything after your purchase.
