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QuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update
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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...

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

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  • quickbooks chapter 2 test with complete solutions
  • subitems do not affect the accounting behind the

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  • QuickBooks
  • QuickBooks

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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?

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