Quickbooks chapter 7 exam - Samenvattingen en Aantekeningen
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QuickBooks Online Chapter 7 (2023/2024) Rated A+
- Tentamen (uitwerkingen) • 3 pagina's • 2023
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GONZOGEEK
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You must have a product or service to create a purchase order. false 
When you purchase inventory, the purchases account increases. false 
Inventory tracking in QuickBooks Online allows you to define the costing method. false 
A non-inventory product is for supplies only. false 
QuickBooks Online allows for partial shipment against a purchase order. false 
An Inventory Valuation Summary report provides only quantities on hand. false
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QuickBooks Chapter 07 Test with Certified Solutions
- Tentamen (uitwerkingen) • 4 pagina's • 2023
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UndisputedPundit
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1.The Cost of Goods Sold in the Profit and Loss account increases when you sell a product. 
True 
 
2: There is no limit to the number of inventory products you can enter in QuickBooks Online. 
True 
 
3: The difference between the cost and the sales price is an expense. false
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QuickBooks Online Chapter 7 (2023/2024) Rated A+
- Tentamen (uitwerkingen) • 3 pagina's • 2023
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UndisputedPundit
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You must have a product or service to create a purchase order. false 
 
When you purchase inventory, the purchases account increases. false 
 
Inventory tracking in QuickBooks Online allows you to define the costing method. false 
 
A non-inventory product is for supplies only. false
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QuickBooks Chapter 7 Questions and Answers Rated A+
- Tentamen (uitwerkingen) • 3 pagina's • 2023
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UndisputedPundit
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To enter Customer and Sales transactions From the Create (+) icon, select the appropriate 
customer transaction 
 
To enter Vendor and Expense transactions From the Create (+) icon, select the appropriate vendor transaction 
 
QuickBooks considers all of the following to be vendors except: Customers purchasing products
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QuickBooks Chapter 7 with Certified Answers
- Tentamen (uitwerkingen) • 2 pagina's • 2023
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UndisputedPundit
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Issue a _____ if a customer has been overbilled credit memo 
 
Which 'behind the scenes' image shows what happens when you create a sales form to sell an inventory item? COGS credit 100, Inventory debit 100 
 
The sales tax in Clara's area has changed. What should she do? Edit the existing tax rate
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023)
- Tentamen (uitwerkingen) • 57 pagina's • 2022
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PatrickHaller
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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...
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QuickBooks Chapter 7 Practice Exam Questions and Answers 100% Verified ||Graded A+
- Tentamen (uitwerkingen) • 6 pagina's • 2024
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SMARTmindUS
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The owner's drawing account should be transferred to capital each week. False 
Even if entered elsewhere, all transactions are recorded in the Journal. True 
You must access the General Journal in order to close a period. False 
If Show All is selected, inactive accounts will not appear in the Chart of Accounts. False 
When you reconcile a bank statement, anything entered as a service charge will automatically be 
entered as a transaction when the reconciliation is complete. True 
Once an accou...
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A 2022-2023
- Tentamen (uitwerkingen) • 57 pagina's • 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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BUS 198 Final Exams March 18, 2021 COMPLETE EXAM QUESTIONS AND 100% CORRECT ANSWERS Long Island Business Institute
- Tentamen (uitwerkingen) • 14 pagina's • 2021
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smartzone
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BUS 198 Final Exams March 18, 2021 COMPLETE EXAM QUESTIONS AND 100% CORRECT ANSWERS Long Island Business Institute 
 
Name: XU XU (93021) 
March 18, 2021 
Instructions: Please highlight your answers in BOLD or COLOR PRINT. For fill-ins, please make sure the words are spelled correctly. Please answer ALL questions.‘`` 
 
1.	Which of the following statements about today's job market is most accurate? 
a.	Today's job market remains stable and remarkably similar to the job market ten years ago. ...
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