Quickbooks chapter 6 test - Study guides, Class notes & Summaries
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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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QuickBooks Chapter 6 Questions and Answers Already Passed
- Exam (elaborations) • 6 pages • 2023
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UndisputedPundit
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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 Already Graded A+
- Exam (elaborations) • 2 pages • 2023
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GONZOGEEK
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To enter Vendor and Expense transactions: B. From the Navigation Bar select 
Expenses>New Transaction 
To enter an Expense transaction: From the Create (+) icon, select Expense 
QuickBooks considers all of the following to be vendors except: Customers purchasing 
products
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QuickBooks Chapter 6 Already Graded A
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UndisputedPundit
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To enter Vendor and Expense transactions: B. From the Navigation Bar select Expenses>New Transaction 
 
To enter an Expense transaction: From the Create (+) icon, select Expense 
 
QuickBooks considers all of the following to be vendors except: Customers purchasing products
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QuickBooks Online - Chapter 6 Questions and Answers Graded A+
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UndisputedPundit
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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
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023)
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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 Quiz Chapter 6 (2023/2024) Already Passed
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undisputed47
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What are the two methods of New Company Setup in QuickBooks? Detailed Start and Express Start 
 
What is the QuickBooks Easy Step Interview window designed to do? helps you create and set up a new company file 
 
In addition to selecting the method of New Company Setup, what is the QuickBooks Setup window designed to do? allows you to enter information on customers, vendors, service items, and inventory part items 
 
After completing the Easy Step Interview and QuickBooks Setup windows you then ...
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QuickBooks Chapter 6 Questions and Answers Already Passed
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undisputed47
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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 
 
Voiding a purchase order removes every trace of the purchase order from the company records. False
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QuickBooks Chapter 6 Already Graded A Test
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undisputed47
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To enter Vendor and Expense transactions: B. From the Navigation Bar select Expenses>New Transaction 
 
To enter an Expense transaction: From the Create (+) icon, select Expense 
 
QuickBooks considers all of the following to be vendors except: Customers purchasing products 
 
Which of the following is not a vendor transaction? Make Deposits
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QuickBooks Online - Chapter 6 Questions and Answers Graded A+
- Exam (elaborations) • 2 pages • 2023
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undisputed47
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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
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