QuickBooks Chapter 07 (Latest); Questions and Answers
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Course
QuickBooks
Institution
QuickBooks
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
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 year.
2. A software design that emphasizes separating the functions of a program into
independent,
interchangeable components is called:
a. A user interface.
b. The operating system.
c. Web-delivered software.
d. Modules.
e. All ✔✔Modules.
, QuickBooks Chapter 07 (Latest); Questions and
Answers
3. The accounts shown on the balance sheet are called:
a. Permanent accounts.
b. Temporary accounts.
c. Transaction entries.
d. Customized accounts.
e. All. ✔✔Permanent accounts.
4. Accounts that are closed as the end of the year are called:
a. Permanent accounts.
b. Temporary accounts.
c. Balance sheet accounts.
d. Trial balance accounts.
e. All. ✔✔Temporary accounts.
5. How do you access Account and Settings?
a. Plus sign for Settings menu.
b. Magnifying-glass for search.
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