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QuickBooks Desktop; Questions with Complete Solutions 2024/25 Update

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QuickBooks Desktop; Questions with Complete Solutions 2024/25 Update During the Advanced Setup, you can turn on and off which features in the EastStep Interview? (ALL OF THESE) Sales Taxes Inventory Progress Invoicing During the Advanced Setup, you can set up a password for which of the ...

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  • August 26, 2024
  • 51
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • quickbooks desktop questions
  • questions with complete solutions 202425 update

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  • QuickBooks
  • QuickBooks

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QuickBooks Desktop; Questions with
Complete Solutions 2024/25 Update
During the Advanced Setup, you can turn on and off which features in the

EastStep Interview?


✔✔(ALL OF THESE)


Sales Taxes


Inventory


Progress Invoicing


During the Advanced Setup, you can set up a password for which of the

following users during


the EasyStep Interview?


a. Administrator

b. External Accountant


c. You cannot setup passwords during the EasyStep interview


d. All users ✔✔administrator


When setting up a new company file through advanced/ detailed setup, some

company info is

, QuickBooks Desktop; Questions with
Complete Solutions 2024/25 Update
optional and some required. Which of the following pieces of info does

quickbooks require you


to enter during the EasyStep interview?


A. Company name


B. Company password


C. Tax ID


D. All the above ✔✔A. Company name


How do you set up multiple businesses in quickbooks? ✔✔Go through the

advanced/ detailed


setup to go thru the EasyStep interview for each company to create a separate

company file.


During the Advanced Setup, how do you setup a new account that is not on the

default list of


accounts during the EasyStep Interview? ✔✔You can't add accounts that are not

on the

, QuickBooks Desktop; Questions with
Complete Solutions 2024/25 Update
QuickBooks default list. Finish the interview and add the accounts directly to the

chart of


accounts.


How do you restore a company file from a backup copy? ✔✔File -> Open or

Restore Company -


Restore a Backup Copy (or Portable File) -> Next -> Select the file to restore and

click Open -


Choose where to restore the file to and Save.


Which of the following is NOT a backup option in quickbooks?


A manual


B. Automatically when closing


C. Schedule and unattended backup


D all the above ✔✔ALL OF THE ABOVE ARE QuickBooks BACKUP OPTIONS.


Why would you restore a data file from the backup file? ✔✔• You wish to review

the company

, QuickBooks Desktop; Questions with
Complete Solutions 2024/25 Update
data as it stood at an earlier date.


• The company data file on your hard drive is damaged and cannot be used


• Your computer crashed. You reloaded QuickBooks, and now you are ready to

open the


company file.


How do you switch to Multi-User Mode? ✔✔Choose File > Switch to Multi-user

Mode from the


menu.


What happens if you press F2 in quickbooks? ✔✔Quickbooks opens the product

information

window which includes versions and company file information


When would you enter a journal entry? ✔✔To correct errors, For year-end

adjustments, and To


enter depreciation.


When entering a journal entry, what happens if the debits don't equal the

credits?

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