Quickbooks chapter 7 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Quickbooks chapter 7? On this page you'll find 148 study documents about Quickbooks chapter 7.
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QuickBooks Chapter 7 - Reports & Graphs Already Passed
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QuickBooks Chapter 7 - Reports & Graphs Already Passed The order of the steps in the accounting cycle includes: Trial balance, adjusting entries, adjusted trial balance, financial reports 
What is an asset? What a company owns 
To record adjusting journal entries in QuickBooks, select: Accountant menu, Make General Journal Entries 
Examples of management reports for internal decision making include all of the following except 1120S Report 
Examples of management reports for internal decision mak...
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QuickBooks Chapter 7 with Certified Answers
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Issue a _____ if a customer has been overbilled credit memo 
Which 'behind the scenes' image shows what happens when you create a sales form to sell an 
inventory item? COGS credit 100, Inventory debit 100 
The sales tax in Clara's area has changed. What should she do? Edit the existing tax rate 
What account is debited when a purchase order is created? accounts recievable 
What report do you run to verify that goods were not received without applying the receipt of 
inventory to a purchase o...
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QuickBooks Chapter 7 Test Latest 2023 Rated A+
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In a sole proprietorship, equity is what shareholders have invested in the company False 
Amortization is the process of a balance increasing over time False 
Treating bad debt as a discount is recommended because it reduces sales tax liability False 
A fixed asset is something you DON'T plan to use up or turn into cash within the next year 
True
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QuickBooks Chapter 7 with Certified Answers
- Exam (elaborations) • 2 pages • 2023
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Issue a _____ if a customer has been overbilled credit memo 
Which 'behind the scenes' image shows what happens when you create a sales form to sell an 
inventory item? COGS credit 100, Inventory debit 100 
The sales tax in Clara's area has changed. What should she do? Edit the existing tax rate
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QuickBooks Chapter 7 & 8 Test Latest 2023 Already Passed
- Exam (elaborations) • 18 pages • 2023
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QuickBooks Chapter 7 & 8 Test Latest 
2023 Already Passed 
A company's computer is classified as what account type: 
a. Expense 
b. Owner's Equity 
c. Fixed Asset 
d. Retained Earnings c. Fixed Asset 
A corporation uses __________ as its Federal Tax ID number. 
a. the owner's social security number 
b. an EIN number 
c. business operating license number 
d. none of these b. an EIN number 
An account period may be: 
a. One quarter 
b. One month 
c. One year 
d. All of these d. All of these 
Ex...
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QuickBooks Chapter 7 Questions and Answers Rated A+
- Exam (elaborations) • 3 pages • 2023
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QuickBooks Chapter 7 Questions and Answers Rated A+ To enter Customer and Sales transactions From the Create (+) icon, select the appropriate customer transaction 
To enter Vendor and Expense transactions From the Create (+) icon, select the appropriate vendor transaction 
QuickBooks considers all of the following to be vendors except: Customers purchasing products 
Which of the following is a vendor transaction? Purchase Order 
We can update the Products and Services List at which of the follow...
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QuickBooks Chapter 7 & 8 Test Latest 2023 Already Passed
- Exam (elaborations) • 18 pages • 2024
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A company's computer is classified as what account type: 
a. Expense 
b. Owner's Equity 
c. Fixed Asset 
d. Retained Earnings c. Fixed Asse
-
QuickBooks Chapter 7 with Certified Answers
- Exam (elaborations) • 2 pages • 2023
- Available in package deal
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- $8.99
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QuickBooks Chapter 7 with Certified Answers Issue a _____ if a customer has been overbilled credit memo 
Which 'behind the scenes' image shows what happens when you create a sales form to sell an inventory item? COGS credit 100, Inventory debit 100 
The sales tax in Clara's area has changed. What should she do? Edit the existing tax rate 
What account is debited when a purchase order is created? accounts recievable 
What report do you run to verify that goods were not received without applyin...
-
QuickBooks Chapter 7 & 8 Test Latest 2023 Already Passed
- Exam (elaborations) • 18 pages • 2023
- Available in package deal
-
- $18.49
- + learn more
A company's computer is classified as what account type: 
a. Expense 
b. Owner's Equity 
c. Fixed Asset 
d. Retained Earnings 
c. Fixed Asset 
 
A corporation uses __________ as its Federal Tax ID number. 
a. the owner's social security number 
b. an EIN number 
c. business operating license number 
d. none of these 
b. an EIN number 
 
An account period may be: 
a. One quarter 
b. One month 
c. One year 
d. All of these 
d. All of these
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QuickBooks Chapter 7 with Certified Answers
- Exam (elaborations) • 2 pages • 2023
-
- $9.99
- + learn more
Issue a _____ if a customer has been overbilled credit memo 
Which 'behind the scenes' image shows what happens when you create a sales form to sell an 
inventory item? COGS credit 100, Inventory debit 100 
The sales tax in Clara's area has changed. What should she do? Edit the existing tax rate
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