Quickbooks chapter 1 test - Study guides, Class notes & Summaries
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QuickBooks Chapter 07 Test with Certified Solutions
- Exam (elaborations) • 4 pages • 2023
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examthreads
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QuickBooks Chapter 07 Test with 
Certified Solutions 
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 
4: You can verify goods were NOT received without applying the receipt of inventory to a 
purchase order. true 
5: QuickBooks Online can receive incomplete orders by leavi...
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QuickBooks Mayterm Chapter 3 Test Already Passed
- Exam (elaborations) • 5 pages • 2023
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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 ...
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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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QuickBooks Chapter 07 Test with Certified Solutions GRADED A+ 2023|2024
- Exam (elaborations) • 4 pages • 2023
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BrittieDonald
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QuickBooks Chapter 07 Test with 
Certified Solutions 
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 
4: You can verify goods were NOT received without applying the receipt of inventory to a 
purchase order. true 
5: QuickBooks Online can receive incomplete orders by leavi...

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QuickBooks Chapter 1 Test Latest Update with Verified Solutions
- Exam (elaborations) • 5 pages • 2023
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AcademicTreasure
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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 Test Latest Update with Verified Solutions
- Exam (elaborations) • 5 pages • 2023
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undisputed47
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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
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QuickBooks Mayterm Chapter 3 Test GRADED A+ 2023|2024 LATEST UPDATE
- Exam (elaborations) • 5 pages • 2023
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BrittieDonald
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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 ...
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023).
- Exam (elaborations) • 57 pages • 2022
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PatrickHaller
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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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QuickBooks: Chapter 1 Questions and Answers Passed with 100% (23/24)
- Exam (elaborations) • 5 pages • 2023
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GONZOGEEK
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hat 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 
define backup file (.QBB)- a condensed, stable version of the data file and restore into a 
.QBW file before using 
define portable file .QBM- very condensed, helps move your quickbooks to another 
computer and restore before using 
what are the option that come with backup files? accountant's copy and backup cop
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QuickBooks Online - Chapter 1 Already Passed
- Exam (elaborations) • 2 pages • 2023
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QBO Online version of QuickBooks 
QBDT Windows Desktop version of QuickBooks 
Gear Icon Click to add your instructor as your accountant 
Welcome Guide Provides tasks to help you get started 
Navigation Bar On the left of the Home page, it shows a menu of items
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