Exam (elaborations)
Bookkeeping with Quickbooks
- Course
- Institution
Bookkeeping with Quickbooks
[Show more]
Content preview
Bookkeeping with Quickbooksyou're ready to create a new company file. which of the following quickbooks
features should you use? - ANSWER EasyStep interview
ace just bought a new vehicle for the company. what account type should you use
to track the value of a vehicle he has purchased? - ANSWER
Fixed Asset
in quickbooks, the book value of a fixed asset account is represented by the sum if
its cost and which subaccount? - ANSWER Accumulated
Depreciation
which account in quickbooks will help you track bills ace receives from his
vendors? - ANSWER accounts payable
,which of the following best describes a purchase order? - ANSWER
a document indicating that you have ordered products or services from a vendor
ahead of delivery
ace receives a customer payment for a completed job. when you enter the
customer payment in quickbooks, the payment is first recorded to which of the
following accounts? - ANSWER undeposited funds
ace has completed his first month of business and wants to see how he's doing.
which of the following quickbooks preset reports will show his company's financial
position is that (or ant) moment in time? - ANSWER
balance sheet
ace is trying to learn more about quickbooks files and calls his accountant. the first
thing he wants to know is the difference between a portable file and an
accountant copy. if his accountant knows his stuff, what would he ANSWER? -
ANSWER an accountant's copy allows the user to still work in
the file while the accountant also makes entries
, ace is interested in offering all nikon digital cameras at 20% off as a summer
promotion hat would you do in Quickbooks to account for this sale? -
ANSWER change the price of the items in the change item
Prices window
the fiscal year for ace photography has come to an end qhat so you do in
QuickBooks to close the books - ANSWER set a closing
date password
ace is interested in giving a discount to some of his loyal customers ad he doesn't
need to teach this information which of the following would you create in
Quickbooks to grant the discount? - ANSWER a fixed
percentage price level
ace has been reviewing his finance charge policy and wants you to, make some
changes which feature should you use to adjust the finance charge settings in the
company file? - ANSWER preferences
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller a-grade. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80364 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now