Quickbooks chapter 6 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Quickbooks chapter 6? On this page you'll find 108 study documents about Quickbooks chapter 6.
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QuickBooks Chapter 06 Questions and Answers Already Passed
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QuickBooks Chapter 06 Questions and 
Answers Already Passed 
1. Before completing the work within Chapter 6, check your data with the following report: 
a. December 1 Trial Balance. 
b. December 31 Trial Balance. 
c. November 30 P&L. 
d. November 1 Balance Sheet. 
e. None. December 1 Trial Balance. 
2. The action of sending money in payment of a bill is called a/an: 
a. Activity. 
b. Transaction. 
c. Remittance. 
d. General journal entry. 
e. None. Remittance. 
3. After analyzing each source doc...
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QuickBooks Chapter 6 Questions and Answers Already GRADED A+ 2023|2024
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QuickBooks Chapter 6 Questions and 
Answers Already Passed 
Receipt of purchase order items is never recorded before the bill arrives. False 
A bill can be paid by check or credit card. True 
The Cost of Goods Sold account Merchandise Discounts is used to record discounts to 
customers. False 
Voiding a purchase order removes every trace of the purchase order from the company records. 
False 
The Vendor Center displays the vendor list and information about individual vendors. True 
A single purc...
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SOLUTIONS MANUAL FOR Payroll Accounting 10th Edition by Landin, Bernard J. Bieg and Bridget Stomberg (2024/2025)
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QuickBooks Chapter 6 Questions and Answers Already Passed
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Receipt of purchase order items is never recorded before the bill arrives. False 
 
A bill can be paid by check or credit card. True 
 
The Cost of Goods Sold account Merchandise Discounts is used to record discounts to customers. False
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QuickBooks Chapter 9 Test with Complete Answers 2023|2024 update A+ rated
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QuickBooks Chapter 9 Test with 
Complete Answers 
1: One advantage to customizing reports is that doing so makes the weekly or monthly reports 
consistent. True 
2: You can create unlimited custom fields in a sales form. False 
3: When you customize a field on one sales form, the change is applied to all sales forms, such as 
sales receipts and estimates. True 
4: Privacy mode hides financial information only on the Dashboard. True 
5: The Apps center link is found on both the Tools and the Pref...
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QuickBooks Chapter 6 Test with Certified Solutions RATED A+ 2023|2024
- Exam (elaborations) • 5 pages • 2023
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QuickBooks Chapter 6 Test with 
Certified Solutions 
The Inventory Part window consists of two sides: one for sales information and one for purchase 
information True 
Inventory tracking is automatically activated when you create a company file False 
In QuickBooks, non-inventory parts are tracked in the same way as inventory parts False 
QuickBooks automatically creates your Sales Tax Liability account for you True 
You can set a default tax rate for the company but NOT for individual customers...
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QuickBooks Online - Chapter 6 Questions and Answers Graded A+
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QuickBooks Online - Chapter 6 Questions and Answers Graded A+ Operating Activity Sales receipt 
Investing Activity Purchase of common stock 
Financing Activity Sale of a common stock 
Fixed Assets Long-term tangible property that a firm owns 
Long-term investment A financial instrument that matures in more than 1 year 
Common Stock A stockholders' equity account 
Dividends Distribution of earnings to shareholders 
Long-term Debt A financial instrument that matures in more than 1 year 
Bank Depo...
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QuickBooks Chapter 6 Test with Certified Solutions
- Exam (elaborations) • 5 pages • 2023
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The Inventory Part window consists of two sides: one for sales information and one for purchase information True 
 
Inventory tracking is automatically activated when you create a company file False 
 
In QuickBooks, non-inventory parts are tracked in the same way as inventory parts False
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QuickBooks Chapter 6 Questions and Answers Already Passed
- Exam (elaborations) • 6 pages • 2023
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Receipt of purchase order items is never recorded before the bill arrives. False 
A bill can be paid by check or credit card. True 
The Cost of Goods Sold account Merchandise Discounts is used to record discounts to 
customers. False
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QuickBooks Chapter 6 Test with Certified Solutions
- Exam (elaborations) • 5 pages • 2023
-
- $9.99
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The Inventory Part window consists of two sides: one for sales information and one for purchase 
information True 
Inventory tracking is automatically activated when you create a company file False 
In QuickBooks, non-inventory parts are tracked in the same way as inventory parts False
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