Intuit QuickBooks Certified User (QBCU) Exam with Complete Solutions 3 Exam (elaborations) QuickBooks Chapter 1 Test with Complete Solutions 2024/25 Update 4 Exam (elaborations) QuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update 5 Exam (elaborations) QuickBooks Chapter 2 Test with ...
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QuickBooks chapter 10; Questions and Answers…Grade A+ Many companies maintain two checking accounts, one for paying bills and one used exclusively for payroll As a business grows in complexity, the need for special purpose accounts grows accordingly. The process of determining the correc...
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Add to cartQuickBooks chapter 10; Questions and Answers…Grade A+ Many companies maintain two checking accounts, one for paying bills and one used exclusively for payroll As a business grows in complexity, the need for special purpose accounts grows accordingly. The process of determining the correc...
Intuit QuickBooks Certified User (QBCU) Exam with Complete Solutions What information is required before setting up a QuickBooks file? (page 42) Bank statement How do you start a new company data file in QuickBooks (Easy Step Interview)? (page 42-46) 1. Click "create a new company" 2. Ch...
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Add to cartIntuit QuickBooks Certified User (QBCU) Exam with Complete Solutions What information is required before setting up a QuickBooks file? (page 42) Bank statement How do you start a new company data file in QuickBooks (Easy Step Interview)? (page 42-46) 1. Click "create a new company" 2. Ch...
QuickBooks Chapter 1 Test with Complete Solutions 2024/25 Update 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
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Add to cartQuickBooks Chapter 1 Test with Complete Solutions 2024/25 Update 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
QuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update How are bank charges, which have not been recorded in QBO, classified? Bank charges which have not yet been recorded in QBO are not recognized and are temporarily classified as Uncategorized Expense. How are bank deposits, w...
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Add to cartQuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update How are bank charges, which have not been recorded in QBO, classified? Bank charges which have not yet been recorded in QBO are not recognized and are temporarily classified as Uncategorized Expense. How are bank deposits, w...
QuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update Subitems do NOT affect the accounting behind the scenes True To edit an existing transaction in QuickBooks, you void it and the re-create it False Lists in QuickBooks are used for storing your list of accounts False You CANNOT ...
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Add to cartQuickBooks Chapter 2 Test with Complete Solutions 2024/25 Update Subitems do NOT affect the accounting behind the scenes True To edit an existing transaction in QuickBooks, you void it and the re-create it False Lists in QuickBooks are used for storing your list of accounts False You CANNOT ...
QuickBooks Ch. 10; Questions and Answers…Grade A+ Prudence The methods least likely to overstate assets and income are used. Consistency The same accounting methods are used year to year. Revenue recognition Publicly traded companies record when revenue is earned
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Add to cartQuickBooks Ch. 10; Questions and Answers…Grade A+ Prudence The methods least likely to overstate assets and income are used. Consistency The same accounting methods are used year to year. Revenue recognition Publicly traded companies record when revenue is earned
QuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct QuickBooks Chapter 5 Questions and Answers 100% Pass Before adding customers, check quickbooks: A) vendors B) inventory C) accounts and settings D) products and services list C) accounts and settings The customer page i...
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Add to cartQuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct QuickBooks Chapter 5 Questions and Answers 100% Pass Before adding customers, check quickbooks: A) vendors B) inventory C) accounts and settings D) products and services list C) accounts and settings The customer page i...
QuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct If a return is made after an invoice has been paid in full, a refund check is issued along with a credit memo. True QuickBooks automatically applies a payment received to the most current invoice. False Sales tax will be ca...
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Add to cartQuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct If a return is made after an invoice has been paid in full, a refund check is issued along with a credit memo. True QuickBooks automatically applies a payment received to the most current invoice. False Sales tax will be ca...
QuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct In the perpetual inventory system, the inventory quantity and values are updated after each purchase and sale of inventory items This report shows all purchase information for each inventory item, including vendor name, cos...
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Add to cartQuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct In the perpetual inventory system, the inventory quantity and values are updated after each purchase and sale of inventory items This report shows all purchase information for each inventory item, including vendor name, cos...
QuickBooks Chapter 5 (Latest); Questions and Answers 100% Correct Describe the process for increasing or decreasing the width of a column in the listing of bills to pay. Select one: a. Click and hold your mouse between two columns and drag to the left to decrease the width of a column ...
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Add to cartQuickBooks Chapter 5 (Latest); Questions and Answers 100% Correct Describe the process for increasing or decreasing the width of a column in the listing of bills to pay. Select one: a. Click and hold your mouse between two columns and drag to the left to decrease the width of a column ...
QuickBooks Chapter 06 (Latest); Questions and Answers 100% Correct 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 Tria...
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Add to cartQuickBooks Chapter 06 (Latest); Questions and Answers 100% Correct 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 Tria...
QuickBooks Chapter 3 Questions and Answers 100% Correct How can you review a Transaction Report for any account when you are viewing the Balance Sheet? Select one: a. Click the balance in the account line of the Balance Sheet report to view the Transaction Report. b. Click the Report ic...
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Add to cartQuickBooks Chapter 3 Questions and Answers 100% Correct How can you review a Transaction Report for any account when you are viewing the Balance Sheet? Select one: a. Click the balance in the account line of the Balance Sheet report to view the Transaction Report. b. Click the Report ic...
QuickBooks Chapter 3 (2024/25); Questions and Answers 100% Correct Credit Memos are prepared to record a reduction to a transaction. True When using QuickBooks, checks may not be written in a checkbook. False QuickZoom is a QuickBooks feature that allows detailed information to be displayed. ...
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Add to cartQuickBooks Chapter 3 (2024/25); Questions and Answers 100% Correct Credit Memos are prepared to record a reduction to a transaction. True When using QuickBooks, checks may not be written in a checkbook. False QuickZoom is a QuickBooks feature that allows detailed information to be displayed. ...
QuickBooks Chapter 4 (2024/25); Questions and Answers 100% Correct Accrual-basis accounting matches the income from the period and the expenses for the period in order to determine the net income or net loss for the period. True In QuickBooks, the Journal is called the book of final entry. F...
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Add to cartQuickBooks Chapter 4 (2024/25); Questions and Answers 100% Correct Accrual-basis accounting matches the income from the period and the expenses for the period in order to determine the net income or net loss for the period. True In QuickBooks, the Journal is called the book of final entry. F...
QuickBooks Chapter 4 (2024/25); Questions and Answers 100% Correct Which of the following reports is not part of the period-end accounting reports? Pending Sales The Cost of Goods Sold account would fall into which of the following account types? Income and Expenses Which of the followi...
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Add to cartQuickBooks Chapter 4 (2024/25); Questions and Answers 100% Correct Which of the following reports is not part of the period-end accounting reports? Pending Sales The Cost of Goods Sold account would fall into which of the following account types? Income and Expenses Which of the followi...
QuickBooks Chapter 07 Test; Questions and Answers 100% Verified The owner's drawing account should be transferred to capital each week. False Even if entered elsewhere, all transactions are recorded in the Journal. True You must access the General Journal in order to close a period. False ...
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Add to cartQuickBooks Chapter 07 Test; Questions and Answers 100% Verified The owner's drawing account should be transferred to capital each week. False Even if entered elsewhere, all transactions are recorded in the Journal. True You must access the General Journal in order to close a period. False ...
QuickBooks Chapter 07 Test; Questions and Answers 100% Verified To enter Customer and Sales transactions From the Create (+) icon, select the appropriate customer transaction To enter Vendor and Expense transactions From the Create (+) icon, select the appropriate vendor transaction Qu...
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Add to cartQuickBooks Chapter 07 Test; Questions and Answers 100% Verified To enter Customer and Sales transactions From the Create (+) icon, select the appropriate customer transaction To enter Vendor and Expense transactions From the Create (+) icon, select the appropriate vendor transaction Qu...
QuickBooks Chapter 07 Test; Questions with Complete Solutions In a sole proprietorship, equity is what shareholders have invested in the company False Amortization is the process of a balance increasing over time False Treating bad debt as a discount is recommended because it reduces sales t...
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Add to cartQuickBooks Chapter 07 Test; Questions with Complete Solutions In a sole proprietorship, equity is what shareholders have invested in the company False Amortization is the process of a balance increasing over time False Treating bad debt as a discount is recommended because it reduces sales t...
QuickBooks Chapter 7 & 8 Test; Questions with Complete Solutions 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 se...
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Add to cartQuickBooks Chapter 7 & 8 Test; Questions with Complete Solutions 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 se...
QuickBooks Chapter 7; Questions with Complete Solutions Issue a _____ if a customer has been overbilled credit memo Which 'behind the scenes' image shows what happens when you create a sales form to sell an inventory item? COGS credit 100, Inventory debit 100 The sales tax in Clara's ar...
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Add to cartQuickBooks Chapter 7; Questions with Complete Solutions Issue a _____ if a customer has been overbilled credit memo Which 'behind the scenes' image shows what happens when you create a sales form to sell an inventory item? COGS credit 100, Inventory debit 100 The sales tax in Clara's ar...
QuickBooks Chapter 6 (Latest); Questions and Answers 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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Add to cartQuickBooks Chapter 6 (Latest); Questions and Answers 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
QuickBooks Chapter 6 Test (Latest); Questions and Answers 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 ...
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Add to cartQuickBooks Chapter 6 Test (Latest); Questions and Answers 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 ...
QuickBooks Chapter 07 (Latest); Questions and Answers 1. A period that the company uses for accounting purposes and preparing financial statements. a. First quarter. b. Fourth quarter. c. Fiscal year. d. End of year. e. None. Fiscal yea
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Add to cartQuickBooks Chapter 07 (Latest); Questions and Answers 1. A period that the company uses for accounting purposes and preparing financial statements. a. First quarter. b. Fourth quarter. c. Fiscal year. d. End of year. e. None. Fiscal yea
QuickBooks Chapter 07 Test (Latest); Questions and Answers 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
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Add to cartQuickBooks Chapter 07 Test (Latest); Questions and Answers 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
QuickBooks Chapter 07 Test ; Questions and Answers The purpose of an adjusting entry is: A)Revenue was earned but not recorded. B)Expenses incurred but not recorded. C)To show the prepaid expense for one month. D)Customer paid in advance of receiving goods or services. E)All of the above. E)...
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Add to cartQuickBooks Chapter 07 Test ; Questions and Answers The purpose of an adjusting entry is: A)Revenue was earned but not recorded. B)Expenses incurred but not recorded. C)To show the prepaid expense for one month. D)Customer paid in advance of receiving goods or services. E)All of the above. E)...
QuickBooks Chapter 8 - New Company Setup; Questions with Complete Solutions 2024/25 Update In the Easy Step Interview, you must identify Type of industry, company name, and company address. All of these Which tax form would you select for a Subchapter S corporation? Form 1120S To create...
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Add to cartQuickBooks Chapter 8 - New Company Setup; Questions with Complete Solutions 2024/25 Update In the Easy Step Interview, you must identify Type of industry, company name, and company address. All of these Which tax form would you select for a Subchapter S corporation? Form 1120S To create...
QuickBooks Desktop; Questions with Complete Solutions 2024/25 Update During the Advanced Setup, you can turn on and off which features in the EastStep Interview? (ALL OF THESE) Sales Taxes Inventory Progress Invoicing During the Advanced Setup, you can set up a password for which of the ...
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Add to cartQuickBooks Desktop; Questions with Complete Solutions 2024/25 Update During the Advanced Setup, you can turn on and off which features in the EastStep Interview? (ALL OF THESE) Sales Taxes Inventory Progress Invoicing During the Advanced Setup, you can set up a password for which of the ...
QuickBooks: Chapter 1 ; Questions with Complete Solutions 2024/25 Update what 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 ...
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Add to cartQuickBooks: Chapter 1 ; Questions with Complete Solutions 2024/25 Update what 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 ...
QuickBooks Exam; Questions with Complete Solutions 2024/25 Update Which term best describes the QuickBooks Online environment? Cloudbased Where do you back up your QuickBooks Online data files? you don't Dolly uses QuickBooks Online and is upgrading to a new computer. What do you tell her? ...
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Add to cartQuickBooks Exam; Questions with Complete Solutions 2024/25 Update Which term best describes the QuickBooks Online environment? Cloudbased Where do you back up your QuickBooks Online data files? you don't Dolly uses QuickBooks Online and is upgrading to a new computer. What do you tell her? ...
QuickBooks Final Exam; Questions with Complete Solutions 2024/25 Update Which of the following is not an input field or selection at the Add New Account window? a. Financial Statement Override b. Description c. Account Type d. Enter Opening Balance a. Financial Statement Override Which of ...
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Add to cartQuickBooks Final Exam; Questions with Complete Solutions 2024/25 Update Which of the following is not an input field or selection at the Add New Account window? a. Financial Statement Override b. Description c. Account Type d. Enter Opening Balance a. Financial Statement Override Which of ...
QuickBooks Mayterm Chapter 3 Test; Questions with Complete Solutions 2024/25 Update 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 ...
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Add to cartQuickBooks Mayterm Chapter 3 Test; Questions with Complete Solutions 2024/25 Update 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 ...
QuickBooks Chapter 7 - Reports & Graphs; Questions with Complete Solutions The order of the steps in the accounting cycle includes: Trial balance, adjusting entries, adjusted trial balance, financial reports What is an asset? What a company owns To record adjusting journal entries in Quick...
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Add to cartQuickBooks Chapter 7 - Reports & Graphs; Questions with Complete Solutions The order of the steps in the accounting cycle includes: Trial balance, adjusting entries, adjusted trial balance, financial reports What is an asset? What a company owns To record adjusting journal entries in Quick...
QuickBooks Chapter 8; Questions with Complete Solutions QuickBooks Chapter 8 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 Once an employee ...
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Add to cartQuickBooks Chapter 8; Questions with Complete Solutions QuickBooks Chapter 8 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 Once an employee ...
QuickBooks Chapter 8; Questions with Complete Solutions 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 Chap...
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Add to cartQuickBooks Chapter 8; Questions with Complete Solutions 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 Chap...
QuickBooks Chapter 8; Questions with Complete Solutions 2024/25 Update 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 re...
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Add to cartQuickBooks Chapter 8; Questions with Complete Solutions 2024/25 Update 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 re...
QuickBooks ; Questions with Verified Answers QBB QuickBooks file type that is a compressed file that must be restored before it can be used QBW File that is used to enter transactions and obtain reports Which of the following ways can you use to navigate QuickBooks software? Navigation Bar...
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Add to cartQuickBooks ; Questions with Verified Answers QBB QuickBooks file type that is a compressed file that must be restored before it can be used QBW File that is used to enter transactions and obtain reports Which of the following ways can you use to navigate QuickBooks software? Navigation Bar...
QuickBooks (2024/25) ; Questions with Verified Answers What are the two methods of New Company Setup in QuickBooks? Detailed Start and Express Start What is the QuickBooks EasyStep Interview window designed to do? helps you create and set up a new company file In addition to selecting ...
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Add to cartQuickBooks (2024/25) ; Questions with Verified Answers What are the two methods of New Company Setup in QuickBooks? Detailed Start and Express Start What is the QuickBooks EasyStep Interview window designed to do? helps you create and set up a new company file In addition to selecting ...
QuickBooks Mayterm Chapter 3 Test; Questions with Complete Solutions 2024/25 Update 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 ...
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Add to cartQuickBooks Mayterm Chapter 3 Test; Questions with Complete Solutions 2024/25 Update 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 ...
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