Quickbooks quiz chapter - Study guides, Class notes & Summaries
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![QuickBooks Quiz Chapter 6 (2022/2023) Already Passed](/docpics/3429545/65022c3d79585_3429545_121_171.jpeg)
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QuickBooks Quiz Chapter 6 (2022/2023) Already Passed
- Exam (elaborations) • 8 pages • 2023
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GOLDTUTORS
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What are the two methods of New Company Setup in QuickBooks? Detailed Start and 
Express Start 
What is the QuickBooks EasyStep Interview window designed to do? helps you create and 
set up a new company file
![QuickBooks Chapter 8 Questions and Answers 100% Pass(23/24)](/docpics/3696645/653983c0eacaf_3696645_121_171.jpeg)
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QuickBooks Chapter 8 Questions and Answers 100% Pass(23/24)
- Exam (elaborations) • 7 pages • 2023
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To make sure you are starting in the correct place in the data, display the: 
A)January journal. 
B)Adjusted Trial Balance. 
C)January 1 Trial Balance. 
D)December 1-31 Balance Sheet. 
E)None of the above. C)January 1 Trial Balance 
In Chapter 8, all transactions occur in the month of: 
A)November. 
B)December. 
C)January. 
D)October. 
E)None of the above. C)January
![QuickBooks Chapter 1 Test Latest Update with Verified Solution(23/24)](/docpics/3679770/65369b5d88a2c_3679770_121_171.jpeg)
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QuickBooks Chapter 1 Test Latest Update with Verified Solution(23/24)
- Exam (elaborations) • 5 pages • 2023
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Data entry is the same in QuickBooks whether you use accrual or cash basis accounting True 
Always back up your company file to a location NOT on the same hard drive as the original file 
True 
The cash basis accounting means the sale transaction is recorded when the sale is made, and 
expenses are recorded when they are incurred False
![QuickBooks Chapter 2 Test Latest Update Graded A+(23/24)](/docpics/3679793/65369cc16fab8_3679793_121_171.jpeg)
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QuickBooks Chapter 2 Test Latest Update Graded A+(23/24)
- Exam (elaborations) • 5 pages • 2023
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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
![QuickBooks Chapter 2 Questions and Answers Already Graded A+(23/24)](/docpics/3679788/65369c5b39dac_3679788_121_171.jpeg)
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QuickBooks Chapter 2 Questions and Answers Already Graded A+(23/24)
- Exam (elaborations) • 5 pages • 2023
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How are bank charges, which have not been recorded in QBO, classified? Bank charges 
which have not yet been recorded in QBO are not recognized and are temporarily 
classified as Uncategorized Expense. 
How are bank deposits, which have not been recorded in QBO, classified? 
Select one: 
a. Bank deposits which have not yet been recorded in QBO are temporarily classified as To Be 
Categorized Income. 
b. Bank deposits which have not yet been recorded in QBO are recognized and classified as 
Un...
![QuickBooks Chapter 5 Questions and Answers Passed with 100% (23/24)](/docpics/3682181/6536fc650ee15_3682181_121_171.jpeg)
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QuickBooks Chapter 5 Questions and Answers Passed with 100% (23/24)
- Exam (elaborations) • 7 pages • 2023
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In the perpetual inventory system, the inventory quantity and values are updated after each 
purchase and sale of inventory items 
This report shows all purchase information for each inventory item, including vendor name, cost 
per unit, quantity purchased, and total cost. Purchases by Item Detail 
In the periodic inventory system, separate records __________ maintained for inventory items, 
and the inventory account __________ adjusted for purchases and sales. are not; is not 
In addition to...
![QuickBooks Chapter 6 Test with Certified Solutions(23/24)](/docpics/3690353/6538606bacced_3690353_121_171.jpeg)
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QuickBooks Chapter 6 Test with Certified Solutions(23/24)
- Exam (elaborations) • 5 pages • 2023
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the Inventory Part window consists of two sides: one for sales information and one for purchase 
information True 
Inventory tracking is automatically activated when you create a company file False 
In QuickBooks, non-inventory parts are tracked in the same way as inventory parts False 
QuickBooks automatically creates your Sales Tax Liability account for you True
![QuickBooks Chapter 7 with Certified Answers(23/24)](/docpics/3696549/65397f851eb17_3696549_121_171.jpeg)
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QuickBooks Chapter 7 with Certified Answers(23/24)
- 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 
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...
![QuickBooks Chapter 7 - Reports & Graphs Already Passed(23/24)](/docpics/3696612/653982177ae21_3696612_121_171.jpeg)
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QuickBooks Chapter 7 - Reports & Graphs Already Passed(23/24)
- Exam (elaborations) • 5 pages • 2023
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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
![QuickBooks Quiz Chapter 6 (2022/2023) Already Passed](/docpics/3645552/652faa20cade6_3645552_121_171.jpeg)
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QuickBooks Quiz Chapter 6 (2022/2023) Already Passed
- Exam (elaborations) • 8 pages • 2023
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AcademicTreasure
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What are the two methods of New Company Setup in QuickBooks? Detailed Start and 
Express Start 
What is the QuickBooks EasyStep Interview window designed to do? helps you create and 
set up a new company file 
In addition to selecting the method of New Company Setup, what is the QuickBooks Setup 
window designed to do? allows you to enter information on customers, vendors, service 
items, and inventory part items
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