Quickbooks chapter 1 exam - Study guides, Class notes & Summaries
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QUICKBOOKS BUNDLED EXAMS(ALL CHAPTERS) WITH COMPLETE SOLUTIONS
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Intuit QuickBooks Certified User (QBCU) Exam with Complete Solutions

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QuickBooks Chapter 1 Test with Complete Solutions 2024/25 Update

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QuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update

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QuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update

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QuickBooks Online BUNDLED EXAMS (LATEST)
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QuickBooks Online Chapter 5 (Latest); Questions with Complete Solutions

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QuickBooks Online Chapter 7 (Latest Update); Questions with Complete Solutions

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QuickBooks Online Exam (Latest Update); Questions with Complete Solutions

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QuickBooks Online Test 1 (Latest Update); Questions with
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Quickbooks-Chapter 1 Practice Exam Questions & Answers
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Accounting for the financial activity of any company involves - ANSWERSrepetitive recording of day-to-day business activities. 
 
Recording common business activities does not include - ANSWERSsetting up display of inventory 
 
Summaries of the financial information of a company are called - ANSWERSfinancial statements 
 
The most common financial statements are the - ANSWERSincome statement and the balance sheet 
 
With a computerized accounting software package, as business activities are reco...
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QuickBooks Chapter 1 Test Latest Update with Verified Solutions
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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 1 Questions and Answers Passed with 100%
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what are the 3 types of quickbooks files? data, portable, and backup 
 
which file should we work in? portable 
 
define data file "QBW"- to enter data or create reports
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023).
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ACCT 1080 EXAM 3 (ACCT1080) 
 
 
Key Terms & Definitions: 
•	Direct Write-off Method and Allowance Method. Which does GAAP require? 
•	Cash Ratio. What does a higher number indicate? 
•	Maturity Value of a Note is.. 
•	Acid Test Ratio 
•	Days Sales in Receivables 
•	A/R Turnover Ratio 
 
SAMPLE PROBLEMS: 
Chapter 7	Accounting Information Systems 
 
Learning Objective 7-1 
 
An accounting information system (AIS) collects, records, stores, and processes accounting data to produce info...
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023)
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ACCT 1080 EXAM 3 ACCT1080 
VERIFIED 
Q & A 
2022-2023 
 
 
 
 
ACCT 1080 EXAM 3 (ACCT1080) 
 
 
Key Terms & Definitions: 
•	Direct Write-off Method and Allowance Method. Which does GAAP require? 
•	Cash Ratio. What does a higher number indicate? 
•	Maturity Value of a Note is.. 
•	Acid Test Ratio 
•	Days Sales in Receivables 
•	A/R Turnover Ratio 
 
SAMPLE PROBLEMS: 
Chapter 7	Accounting Information Systems 
 
Learning Objective 7-1 
 
An accounting information system (AIS) collect...
QBO Online version of QuickBooks 
 
QBDT Windows Desktop version of QuickBooks 
 
Gear Icon Click to add your instructor as your accountant
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QuickBooks Chapter 1 Test Exam Latest Update with 100% Verified Solutions ||Graded A+ (2024)!!!
- Exam (elaborations) • 5 pages • 2024
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SMARTmindUS
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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 
QuickBooks for Mac has the same basic look as the Windows version, but the functions are 
different False 
Leann works for a nonprofit organization. At a past j...
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A 2022-2023
- Exam (elaborations) • 57 pages • 2022
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NewMatic
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ACCT 1080 EXAM 3 (ACCT1080) 
 
 
Key Terms & Definitions: 
•	Direct Write-off Method and Allowance Method. Which does GAAP require? 
•	Cash Ratio. What does a higher number indicate? 
•	Maturity Value of a Note is.. 
•	Acid Test Ratio 
•	Days Sales in Receivables 
•	A/R Turnover Ratio 
 
SAMPLE PROBLEMS: 
Chapter 7	Accounting Information Systems 
 
Learning Objective 7-1 
 
An accounting information system (AIS) collects, records, stores, and processes accounting data to produce info...
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