Quickbooks chapter 8 test - Study guides, Class notes & Summaries

QuickBooks Mayterm Chapter 3 Test Already Passed 1: The Navigation bar is where the link to the Sales center is located. True 2: You can create a statement, receipt, invoice, or other transaction using the Action menu in the Sales center. True 3: A sales transaction can only be recorded when the customer pays for the product or service at the time of the sale. False 4: The sales form settings can be found in Account and Settings under the Your Company heading. True 5: You cannot change the d...

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

GACE PRACTICE TEST PREP ANSWERED_2023-2024. 1. A command economy is characterized by: a. A laissez-faire approach by the government b. A moderate amount of government intervention in the economy c. Businesses commanding all aspects of the economy d. The government controlling prices and production 2. Which of the following is not a responsibility of the Securities and Exchange Commission (SEC)? a. Regulating securities b. Investigatirg insider trading c. Sett...

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.

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 Ex...

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 thes

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 agency.

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 accountant or bookkeeper explain the dif...

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

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