Quickbooks chapter 4 test - Study guides, Class notes & Summaries
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QuickBooks Chapter 4 Questions and Answers Already Passed
- Exam (elaborations) • 7 pages • 2023
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Which of the following reports is not part of the period-end accounting reports? Pending Sales 
 
The Cost of Goods Sold account would fall into which of the following account types? Income and Expenses 
 
Which of the following is one of the financial reports that companies prepare at least once a year? Balance Sheet
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QuickBooks Chapter 4 Questions and Answers 100% Pass
- Exam (elaborations) • 6 pages • 2023
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Accrual-basis accounting matches the income from the period and the expenses for the period in order to determine the net income or net loss for the period. True 
 
In QuickBooks, the Journal is called the book of final entry. False 
 
An account may be deleted at any time. False
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023).
- Exam (elaborations) • 57 pages • 2022
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ACCT 1080 EXAM 3 (ACCT1080) 
 
 
Key Terms & Definitions: 
•	Direct Write-off Method and Allowance Method. Which does GAAP require? 
•	Cash Ratio. What does a higher number indicate? 
•	Maturity Value of a Note is.. 
•	Acid Test Ratio 
•	Days Sales in Receivables 
•	A/R Turnover Ratio 
 
SAMPLE PROBLEMS: 
Chapter 7	Accounting Information Systems 
 
Learning Objective 7-1 
 
An accounting information system (AIS) collects, records, stores, and processes accounting data to produce info...
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QuickBooks Online - Chapter 4 Latest Update (2023/2024) Graded A+
- Exam (elaborations) • 2 pages • 2023
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Invoice Used when recording a sale on account 
 
Sales Receipt Used when cash is collected at the time of a sale 
 
Product Quantities of this are tracked
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QuickBooks Online Chapter 4 Questions and Answers Graded A+
- Exam (elaborations) • 2 pages • 2023
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you can delete vendors in quickbooks online false 
 
You can have two vendors with the same name. false 
 
A vendor is a person or business you sell services or products to. false 
 
You can set up a new vendor only from the Vendors list. false
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023)
- Exam (elaborations) • 57 pages • 2022
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ACCT 1080 EXAM 3 ACCT1080 
VERIFIED 
Q & A 
2022-2023 
 
 
 
 
ACCT 1080 EXAM 3 (ACCT1080) 
 
 
Key Terms & Definitions: 
•	Direct Write-off Method and Allowance Method. Which does GAAP require? 
•	Cash Ratio. What does a higher number indicate? 
•	Maturity Value of a Note is.. 
•	Acid Test Ratio 
•	Days Sales in Receivables 
•	A/R Turnover Ratio 
 
SAMPLE PROBLEMS: 
Chapter 7	Accounting Information Systems 
 
Learning Objective 7-1 
 
An accounting information system (AIS) collect...
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QuickBooks Online - Chapter 4 Latest Update (2023/2024) Graded A+
- Exam (elaborations) • 2 pages • 2023
- Available in package deal
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Invoice Used when recording a sale on account 
 
Sales Receipt Used when cash is collected at the time of a sale 
 
Product Quantities of this are tracked 
 
Service Quantities of this are not tracked
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TEST BANK FOR COMPUTER ACCOUNTING WITH QUICKBOOKS ONLINE 1ST EDITION DONNA KAY.
- Exam (elaborations) • 14 pages • 2023
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TEST BANK FOR COMPUTER 
ACCOUNTING WITH 
QUICKBOOKS ONLINE 1ST 
EDITION DONNA KAY 
1 
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior 
written consent of McGraw-Hill Education. 
Computer Accounting with QuickBooks Online, 1e (Kay) 
Chapter 2 QBO Chart of Accounts 
1) Which of the following statements is not true regarding QBO subaccounts? 
A) QBO automatically sets up Subaccounts commonly used by companies. 
B) QBO permits the u...
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A 2022-2023
- Exam (elaborations) • 57 pages • 2022
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NewMatic
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ACCT 1080 EXAM 3 (ACCT1080) 
 
 
Key Terms & Definitions: 
•	Direct Write-off Method and Allowance Method. Which does GAAP require? 
•	Cash Ratio. What does a higher number indicate? 
•	Maturity Value of a Note is.. 
•	Acid Test Ratio 
•	Days Sales in Receivables 
•	A/R Turnover Ratio 
 
SAMPLE PROBLEMS: 
Chapter 7	Accounting Information Systems 
 
Learning Objective 7-1 
 
An accounting information system (AIS) collects, records, stores, and processes accounting data to produce info...
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BUS 198 Final Exams March 18, 2021 COMPLETE EXAM QUESTIONS AND 100% CORRECT ANSWERS Long Island Business Institute
- Exam (elaborations) • 14 pages • 2021
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BUS 198 Final Exams March 18, 2021 COMPLETE EXAM QUESTIONS AND 100% CORRECT ANSWERS Long Island Business Institute 
 
Name: XU XU (93021) 
March 18, 2021 
Instructions: Please highlight your answers in BOLD or COLOR PRINT. For fill-ins, please make sure the words are spelled correctly. Please answer ALL questions.‘`` 
 
1.	Which of the following statements about today's job market is most accurate? 
a.	Today's job market remains stable and remarkably similar to the job market ten years ago. ...
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