Quickbooks chapter 2 quiz Study guides, Class notes & Summaries

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...

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

How are bank charges, which have not been recorded in QBO, classified? Bank charges which have not yet been recorded in QBO are not recognized and are temporarily classified as Uncategorized Expense. How are bank deposits, which have not been recorded in QBO, classified? Select one: a. Bank deposits which have not yet been recorded in QBO are temporarily classified as To Be Categorized Income. b. Bank deposits which have not yet been recorded in QBO are recognized and classified as Un...

Navigation Bar Used to access a list of sales and expense transactions Amy's Bird Sanctuary A customer in the Sample Company Brosnahan Insurance Agency A vendor in the Sample Company Recognizing Matching a banking transaction with a QBO transaction Uncategorized Income Bank deposits not yet recognized Uncategorized Expense Bank charges not yet recognized

Navigation Bar Used to access a list of sales and expense transactions Amy's Bird Sanctuary A customer in the Sample Company Brosnahan Insurance Agency A vendor in the Sample Company Recognizing Matching a banking transaction with a QBO transaction Uncategorized Income Bank deposits not yet recognized Uncategorized Expense Bank charges not yet recognized