Quickbooks chapter 8 test - Guías de estudio, Notas de estudios & Resúmenes
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QuickBooks Chapter 7 & 8 Test Latest 2023 Already Passed
- Examen • 18 páginas • 2023
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AcademicTreasure
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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
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QuickBooks Chapter 8 Questions and Answers 100% Pass
- Examen • 7 páginas • 2023
- Disponible en paquete
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undisputed47
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To make sure you are starting in the correct place in the data, display the: 
A)January journal. 
B)Adjusted Trial Balance. 
C)January 1 Trial Balance. 
D)December 1-31 Balance Sheet. 
E)None of the above. 
C)January 1 Trial Balance 
 
In Chapter 8, all transactions occur in the month of: 
A)November. 
B)December. 
C)January. 
D)October. 
E)None of the above. 
C)January 
 
If you recorded fourth quarter transactions in 2017, January transactions are recorded for: 
A)2015. 
B)2016. 
C)2017. 
D)...
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QuickBooks Chapter 8 Questions and Answers 100% Pass
- Examen • 7 páginas • 2023
- Disponible en paquete
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undisputed47
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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
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QuickBooks chapter 8 (2023/2024) Rated A+
- Examen • 3 páginas • 2023
- Disponible en paquete
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undisputed47
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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
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TEST BANK FOR COMPUTER ACCOUNTING WITH QUICKBOOKS ONLINE 1ST EDITION DONNA KAY.
- Examen • 14 páginas • 2023
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schoolhouse
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TEST BANK FOR COMPUTER 
ACCOUNTING WITH 
QUICKBOOKS ONLINE 1ST 
EDITION DONNA KAY 
1 
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior 
written consent of McGraw-Hill Education. 
Computer Accounting with QuickBooks Online, 1e (Kay) 
Chapter 2 QBO Chart of Accounts 
1) Which of the following statements is not true regarding QBO subaccounts? 
A) QBO automatically sets up Subaccounts commonly used by companies. 
B) QBO permits the u...
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A 2022-2023
- Examen • 57 páginas • 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
- Examen • 14 páginas • 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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