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QuickBooks Exam study Guide Questions and Answers 2024 $12.49
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Exam (elaborations)

QuickBooks Exam study Guide Questions and Answers 2024
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  • Quickbooks online
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  • Quickbooks Online

+ New menu - Answer-Displays a list of categorized transactions Top-Right navigation Tools - Answer-Include Help, Search, and Notifications Gear Icon - Answer-Company, Lists, Tools, and Profile menus. navigation bar - Answer-Gives Access to the various centers. Assets - Answer-What the ...

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  • October 3, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • quickbooks exam study guide questions and answers
  • new menu answer displays a list of categorized

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  • Quickbooks online
  • Quickbooks online

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QuickBooks Exam study Guide
Questions and Answers 2024
+ New menu - Answer-Displays a list of categorized transactions

Top-Right navigation Tools - Answer-Include Help, Search, and Notifications

Gear Icon - Answer-Company, Lists, Tools, and Profile menus.

navigation bar - Answer-Gives Access to the various centers.

Assets - Answer-What the company owns

Expenses - Answer-Company-incurred expenditures.

Equity - Answer-the investment made into the company.

income - Answer-All the sales and fees earned.

liabilities - Answer-What the company owes.

What is the Chart of Accounts? - Answer-The list of accounts for each transaction in the
accounting system or general ledger.

Bank (account type) - Answer-Checking (detail type)

Income (account type) - Answer-Service/fee income (detail type)

Long term liabilities (account type) - Answer-Notes payable. (Detail type)

other Current assets (account type) - Answer-Prepaid expenses (Detail type)

Expenses (Account type) - Answer-Utilities (detail type)

Fixed Assets (Account type) - Answer-Machinery & Equipment (detail type)

Standard (user type) - Answer-This user can be granted limited or full access but no
admin privileges.

Company Admin (User type) - Answer-This user has full privileges and access to all
areas of the company file.

Reports (user type) - Answer-This user can display company information on screen or in
print. (.xlsx. , .pdf)

, Time Tracking (user type) - Answer-This user has permission only to log hours worked
in the software.

To remove a transation and still retain a record of it, use the ---- command. - Answer-
Void

Customer paid cash at the time of sale (action) - Answer-Create a sales receipt.

Customer shows twice in the customers list (action) - Answer-merge the customers

Customer is associated with multiple jobs (action) - Answer-Set up sub-customers.

Customer will pay at the end of the job. - Answer-Create an invoice.

Customer paid for a completed job. - Answer-applied to undeposited funds.

Invoice (form) - Answer-Used when a customer does not pay at the time of service.

Sales receipt (form) - Answer-use when a customer pays at the time of service.

Statement (form) - Answer-used to gather customer charges for a specific period.

Edit tool (sales form section/items) - Answer-manage settings and defaults for sales
form.

Online delivery (sales form section) - Answer-Set delivery terms and methods.

Statements (sales form section) - Answer-Set the level of detail shown for transactions.

Sales for content (sales form section.) - Answer-Sales forms are emailed.

Products and Services (Sales form section.) - Answer-Track inventory and choose
columns to display.

Messages (sales form section) - Answer-Customize emails

Identify false statement regarding vendor data. - Answer-use the import data tool to map
your vendors with their associated customers.

Expense (form to account it credits) - Answer-Credit card or bank account.

Check (form to account it credits) - Answer-Bank account.

Bill (form to account it credits) - Answer-accounts payable

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