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Quickbooks Final Exam Questions with Accurate Answers
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Quickbooks Final Exam Questions with Accurate Answers
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Quickbooks Final Exam Questionswith Accurate Answers
The _____ basis of accounting matches income for the period against
expenses for the period? - -Accrual
-To change a column width in a report without changing the size of the print,
you must? - -Print the Report in landscape orientation
use Fit Report to one page wide option
change the column width manually
All of the Above
-If an invoice is ______, it will not show up in the Customer Balance Detail
Report? - -Deleted
-Adjustments for accrual basis accounting generally include adjustments to
______? - -Office Supplies
-A discount received for a purchase of an inventory item is recorded in the
_____ account? - -Cost of Goods Sold account: Merchandise Discounts
-If a customer has a balance for an amount owed and a return is made, a
credit memo is prepared and _____? - -the amount of the return may be
applied to the balance owed for the invoice
-The Make Payment dialog box appears on the screen_____? - -after the
credit card reconciliation is complete
-The _____ item must appear before the Nonprofit Discount item on an
invoice in order for Quickbooks to calculate the sales discount on the entire
sale? - -Subtotal
-If reports are prepared as of January 31 of the current year, net income will
appear in the _________? - -Profit & Loss Statement
Balance Sheet
Both A and B
-If an invoice is entered and causes a customers account to exceed its limit,
Quickbooks____? - -provides a dialog box allowing you to approve the
transaction
-Even though transactions are entered via business documents such as
invoices and sales receipts, Quickbooks keeps track of all transactions____? -
-In the Journal
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