Quickbooks quiz chapter - Study guides, Class notes & Summaries

Looking for the best study guides, study notes and summaries about Quickbooks quiz chapter? On this page you'll find 70 study documents about Quickbooks quiz chapter.

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QuickBooks Quiz Chapter 6 (2022/2023)  Already Passed
  • QuickBooks Quiz Chapter 6 (2022/2023) Already Passed

  • Exam (elaborations) • 8 pages • 2023
  • 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
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QuickBooks Chapter 8 Questions and  Answers 100% Pass(23/24)
  • QuickBooks Chapter 8 Questions and Answers 100% Pass(23/24)

  • Exam (elaborations) • 7 pages • 2023
  • 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
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QuickBooks Chapter 1 Test Latest  Update with Verified Solution(23/24)
  • QuickBooks Chapter 1 Test Latest Update with Verified Solution(23/24)

  • Exam (elaborations) • 5 pages • 2023
  • 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
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QuickBooks Chapter 2 Test Latest  Update Graded A+(23/24)
  • QuickBooks Chapter 2 Test Latest Update Graded A+(23/24)

  • Exam (elaborations) • 5 pages • 2023
  • 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
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QuickBooks Chapter 2 Questions and  Answers Already Graded A+(23/24)
  • QuickBooks Chapter 2 Questions and Answers Already Graded A+(23/24)

  • Exam (elaborations) • 5 pages • 2023
  • 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...
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QuickBooks Chapter 5 Questions and  Answers Passed with 100% (23/24)
  • QuickBooks Chapter 5 Questions and Answers Passed with 100% (23/24)

  • Exam (elaborations) • 7 pages • 2023
  • 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...
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QuickBooks Chapter 6 Test with  Certified Solutions(23/24)
  • QuickBooks Chapter 6 Test with Certified Solutions(23/24)

  • Exam (elaborations) • 5 pages • 2023
  • 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
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QuickBooks Chapter 7 with Certified  Answers(23/24)
  • QuickBooks Chapter 7 with Certified Answers(23/24)

  • Exam (elaborations) • 2 pages • 2023
  • 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...
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QuickBooks Chapter 7 - Reports &  Graphs Already Passed(23/24)
  • QuickBooks Chapter 7 - Reports & Graphs Already Passed(23/24)

  • Exam (elaborations) • 5 pages • 2023
  • 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
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QuickBooks Quiz Chapter 6 (2022/2023)  Already Passed
  • QuickBooks Quiz Chapter 6 (2022/2023) Already Passed

  • Exam (elaborations) • 8 pages • 2023
  • 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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