Quickbooks part 1 of 5 - Study guides, Class notes & Summaries

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...

Database software is a well thought-out collection of computer files, the most important of which are called tables. These tables that consist of records (rows) of data separated by fields (columns) that can be queried (questioned) to produce subsets of information. What are you looking for in a database? criteria what is the most widely used database software in the world? Oracle What is the most important computer file in a database tables Tables Tables are where a database holds data...

Quickbooks Study Guide questions and answers with rated solutions How do you edit a collections letter? Choose COMPANY> PREPARE LETTERS WITH ENVELOPES> CUSTOMIZE LETTER TEMPLATES. What does the term "Double-Entry Accounting" mean? There are always at least two accounts involved in every financial transaction. You suspect that someone has changed a transaction. What report should you run? AUDIT TRAIL REPORT ~!~ ~!~ ~!~ The audit trail shows you transactions that have b...

QuickBooks Domain 1 Post Assessment questions and answers latest updated Tommy needs to access the Account and settings menu in his QuickBooks Online account to edit company information. Choose the two ways in which he could access this part of QuickBooks Online. a. Select Account and settings next to the company's name on the company's QuickBooks Online homepage b. Select Settings, then select Account and settings c. Select the company's name at the top of the company's QuickBooks On...

ACCT 1130 Final Exam Study Guide 115 Questions with Verified Answers Which of the following is NOT a privacy act specifically pertaining to payroll records? A) Computer fraud and abuse act B) U.S. department of labor OCFO-1 C) Freedom of information act D) Community property act - CORRECT ANSWER C) Freedom of information act Why is outsourced payroll popular among accounting professionals? - CORRECT ANSWER Time demands for payroll processing decrease Congress passed the _____ and ...

QuickBooks Certification: Practice Test 1|47 Questions with Verified Answers How can you stop yourself and others from deleting, editing, or adding transactions in a closed period? - CORRECT ANSWER Set a closing date You successfully reconciled the checking account last month. This month, when you begin to reconcile the same account, you notice the beginning balance calculated by QB is different than the bank. How can this happen? - CORRECT ANSWER Someone deleted or changed a cleared trans...

QuickBooks Certification: Practice Test #1 How can you stop yourself and others from deleting, editing, or adding transactions in a closed period? - Correct Answer-Set a closing date You successfully reconciled the checking account last month. This month, when you begin to reconcile the same account, you notice the beginning balance calculated by QB is different than the bank. How can this happen? - Correct Answer-Someone deleted or changed a cleared transaction. When should you use a sa...

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...

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...

What would a client select in their Manage Users screen to give their worker access to create invoices, but not print checks in their QuickBooks Online company? Standard User > Limited radio button > Invoicing box Standard User > Full radio button > Customer and Sales box Standard User > Custom radio button > Invoicing box Standard User > Limited radio button > Customer box Your client has called for help with their bank feeds in QuickBooks Online. You begin by askin...