Quickbooks chapter 8 - Study guides, Class notes & Summaries

Computer Accounting with QuickBooks 2019, 19e (Kay) Chapter 3 QuickBooks Transactions 1) QuickBooks lists include all of the following except: A) Customer List B) Item List C) Owner List D) Vendor List Answer: C Difficulty: 1 Easy Learning Objective: 03-03 QuickBooks Lists Accessibility: Keyboard Navigation; Screen Reader Compatible Gradable: automatic 2) In QuickBooks, information about transactions can be entered in onscreen forms, such as: A) Check B) Invoice C) Purchase Order D) ...

QuickBooks Chapter 8 - New Company Setup Already Passed 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 >...

Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), All 18 Chapters Covered, Verified Latest Edition. Answers Included at the End of each Chapter. Chapter 01 7e 1) Carley Incorporated incurs many types of costs in its operations. Place the number of the appropriate stage in the value chain in Column 2 in the blank next to each cost in Column 1. Cost Stage in the Value Chain Transportation costs to ship vans to customers 1. Customer Service Labor costs...

QuickBooks chapter 8 (2022/2023) Rated A+ what are the steps to create a profit and loss budget? - gear icon - budgeting - add budget - enter info what value do budgets provide a business? - provide internal control over business activities - help ID and resolve problems why should a business reconcile a checking account? reconciliation helps ID any unusual transactions that can be caused by fraud or accounting errors. who should prepare a bank reconciliation? someone other than the ac...

You cannot process payroll manually. False Once a paycheck has been printed, you may not edit it. False Paychecks may be printed only as a batch. False A payroll check may never be deleted. False

QuickBooks chapter 8 (2022/2023) Rated A+ what are the steps to create a profit and loss budget? - gear icon - budgeting - add budget - enter info what value do budgets provide a business? - provide internal control over business activities - help ID and resolve problems why should a business reconcile a checking account? reconciliation helps ID any unusual transactions that can be caused by fraud or accounting errors. who should prepare a bank reconciliation? someone other than the ac...

QuickBooks Chapter 7 & 8 Test Latest 2023 Already Passed A company's computer is classified as what account type: a. Expense b. Owner's Equity c. Fixed Asset d. Retained Earnings c. Fixed Asset A corporation uses __________ as its Federal Tax ID number. a. the owner's social security number b. an EIN number c. business operating license number d. none of these b. an EIN number An account period may be: a. One quarter b. One month c. One year d. All of these d. All of these Exampl...

QuickBooks Quiz Chapter 8 (2022/2023) Already Passed The company that hires the workers is referred to as the employer A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. employee Payroll involves all of the following except preparing a spreadsheet with government agencies names and addresses. Withholdings generally refer to the payroll taxes the employer is required to take out of the employee's paycheck and submit to the appropriate government ag...

The company that hires the workers is referred to as the employer A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. employee Payroll involves all of the following except preparing a spreadsheet with government agencies names and addresses