Quickbooks chapter Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Quickbooks chapter? On this page you'll find 683 study documents about Quickbooks chapter.
Page 4 out of 683 results
Sort by
-
QuickBooks Chapter 4 Questions and Answers 100% Pass 2023|2024 update
- Exam (elaborations) • 6 pages • 2023
-
- $8.49
- + learn more
QuickBooks Chapter 4 Questions and 
Answers 100% Pass 
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 
In a sole proprietorship, an owner's name is added to the Vendor List for recording withdrawals. 
False 
Additional investments made by an owner may be cash or non-c...
-
QuickBooks Chapter 7 Test Latest 2023 Rated A+
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
-
- $9.99
- + learn more
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 
When the fiscal year ends, you must manually transfer your net income/loss into the Retained 
Earnings account False 
The Loan Manager tracks the pri...
-
QuickBooks Chapter 2 Test Latest Update Graded A+
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
-
- $10.49
- + learn more
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 
You CANNOT merge more than two customer names at one time True 
Non-inventory items are tracked in the Cost of Goods...
-
QuickBooks Chapter 6 Test with Certified Solutions
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
-
- $9.98
- + learn more
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 
You can set a default tax rate for the company but NOT for individual customers False 
Luckily, you don't have to know your state'...
-
QuickBooks Chapter 7 - Reports & Graphs Already Passed
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
-
- $9.99
- + learn more
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 making includes Cash budget, cash 
forecast, and A/R Ag...
Get paid weekly? You can!
-
QuickBooks Chapter 8 Questions and Answers 100% Pass 2023|2024
- Exam (elaborations) • 7 pages • 2023
-
- $9.99
- + learn more
QuickBooks Chapter 8 Questions and 
Answers 100% Pass 
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 
If you recorded fourth quarter transactions in 2017, January transactions a...
-
QuickBooks Chapter 9 Questions and Answers Already Passed
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
-
- $10.49
- + learn more
On the Check # page, what icon is used to display checks issued? Clock icon 
What information from the Transaction Register does the Check # page verify? Check 
numbers, expense amounts, and balances 
On the Vendors page, how do you make payments? Link to a vendor that shows an open 
balance > click Make payment 
For expenses to be paid immediately, use this selection. Check. 
Use this selection for payables (received items to be paid later). Bill. 
Use this selection for credit card payments...
-
QuickBooks Chapter 10 Test Questions and Answers 100% Pass 2023|2024
- Exam (elaborations) • 5 pages • 2023
-
- $9.49
- + learn more
QuickBooks Chapter 10 Test Questions 
and Answers 100% Pass 
Although the preset reports DON'T include default headers/footers, you can create them 
False 
Take care to use lists in QuickBooks only for their intended purposes False 
Consistency in entries is the key to using custom fields effectively True 
Use a fixed percentage to change the price of an individual item False 
After you set up a billing rate level, you choose the appropriate level for specific employees and 
vendors True 
While...
-
QuickBooks Chapter 8 - New Company Setup Already Passed
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
-
- $9.99
- + learn more
In the Easy Step Interview, you must identify Type of industry, company name, and 
company address. All of these 
Which tax form would you select for a Subchapter S corporation? Form 1120S 
To create a new company data file in QuickBooks, use the: File menu > New Company 
When setting up a new company, QuickBooks automatically creates: Chart of accounts 
To edit an account in the Chart Of Accounts From the chart of accounts window > account > 
Edit Account 
The Doing Business as name id...
-
QuickBooks Chapter 07 Questions and Answers Rated A+
- Exam (elaborations) • 8 pages • 2023
-
- $13.39
- + learn more
1. A period that the company uses for accounting purposes and preparing financial statements. 
a. First quarter. 
b. Fourth quarter. 
c. Fiscal year. 
d. End of year. 
e. None. Fiscal year. 
2. A software design that emphasizes separating the functions of a program into independent, 
interchangeable components is called: 
a. A user interface. 
b. The operating system. 
c. Web-delivered software. 
d. Modules. 
e. All Modules.
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia