Quickbooks chapter 6 - Study guides, Class notes & Summaries

QuickBooks Chapter 06 Questions and Answers Already Passed 1. Before completing the work within Chapter 6, check your data with the following report: a. December 1 Trial Balance. b. December 31 Trial Balance. c. November 30 P&L. d. November 1 Balance Sheet. e. None. December 1 Trial Balance. 2. The action of sending money in payment of a bill is called a/an: a. Activity. b. Transaction. c. Remittance. d. General journal entry. e. None. Remittance. 3. After analyzing each source doc...

QuickBooks Online - Chapter 6 Questions and Answers Graded A+ Operating Activity Sales receipt Investing Activity Purchase of common stock Financing Activity Sale of a common stock Fixed Assets Long-term tangible property that a firm owns Long-term investment A financial instrument that matures in more than 1 year Common Stock A stockholders' equity account

QuickBooks Quiz Chapter 6 (2022/2023) Already Passed 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 After completing the EasyStep In...

CONTENTS Chapter 1: The Need for Payroll and Personnel Records Chapter 2: Computing Wages and Salaries Chapter 3: Social Security Taxes Chapter 4: Income Tax Withholding Chapter 5: Unemployment Compensation Taxes Chapter 6: Analyzing and Journalizing Payroll Chapter 7: Payroll Project Chapter 1 Which Law? 1. K 2. H 3. B 4. F 5. I 6. J 7. A 8. D 9. G 10. C 11. E 12. L Which Payroll Law? 1. D 2. A 3. F 4. C 5. G 6. J 7. B 8. I 9. E 10. H What’s Ethical? 1. Answe...

QuickBooks Chapter 06 (Latest); Questions and Answers 100% Correct 1. Before completing the work within Chapter 6, check your data with the following report: a. December 1 Trial Balance. b. December 31 Trial Balance. c. November 30 P&L. d. November 1 Balance Sheet. e. None. December 1 Trial Balance. 2. The action of sending money in payment of a bill is called a/an

CONTENTS Chapter 1: The Need for Payroll and Personnel Records Chapter 2: Computing Wages and Salaries Chapter 3: Social Security Taxes Chapter 4: Income Tax Withholding Chapter 5: Unemployment Compensation Taxes Chapter 6: Analyzing and Journalizing Payroll Chapter 7: Payroll Project Chapter 1 Which Law? 1. K 2. H 3. B 4. F 5. I 6. J 7. A 8. D 9. G 10. C 11. E 12. L Which Payroll Law? 1. D 2. A 3. F 4. C 5. G 6. J 7. B 8. I 9. E 10. H What’s Ethical? 1. Answe...

Receipt of purchase order items is never recorded before the bill arrives. False A bill can be paid by check or credit card. True The Cost of Goods Sold account Merchandise Discounts is used to record discounts to customers. False

QuickBooks Chapter 6 Questions and Answers Already Passed Receipt of purchase order items is never recorded before the bill arrives. False A bill can be paid by check or credit card. True The Cost of Goods Sold account Merchandise Discounts is used to record discounts to customers. False Voiding a purchase order removes every trace of the purchase order from the company records. False The Vendor Center displays the vendor list and information about individual vendors. True A single purc...

QuickBooks Chapter 6 Test with Certified Solutions 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...