Qb test prep qa 2023 - Study guides, Class notes & Summaries
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QB Test Prep Q&A 2023
- Exam (elaborations) • 9 pages • 2023
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Which of the following is NOT a billing option when you prepare a progress invoice? 
A. Invoice the entire estimate 
B. Invoice for hours entered on timesheets 
D. Invoice for selected items/percentages of each item 
C. Invoice a percentage of the entire estimate - Answer- B. Invoice for hours entered on timesheets 
 
How do items affect financial statements? 
 
 A. Items on transactions do not affect the Financial Statements. Only accounts do. 
B. When you set up a non-inventory item, QuickBo...
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