Quickbooks Online Exam Questions and
Answers 100% Solved | Graded A+
What are settings for expenses? - Bills and expenses, purchase orders
and messages
What are the 4 settings for bills and expenses under expense settings -
1. Show items table on expense and purchase forms (only in PLUS)
2. T...
Other preferences (date and number formats, how to refer to customers,
warning on duplicate checks and bills)
Key points about multi-currency - ✔✔1. It must be turned on before
importing any data
2. You can't change your home currency.
3. Once you turn it on, it will add extra fields to the QBO database
4. It can't be turned off once it's on.
What are the 5 basic types of accounts for the chart of accounts? -
✔✔Income
Expense
Asset
Liability
Equity
What accounts are required for bills - ✔✔Accounts receivable and accounts
payable
What accounts are set up when inventory is turned on? - ✔✔Sales of
product income
Inventory asset
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