Quickbooks Final Exam
Questions and Complete
Solutions Graded A+
The _____ basis of accounting matches income for the period against expenses for the period? - Answer:
Accrual
To change a column width in a report without changing the size of the print, you must? - Answer: 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? - Answer: Deleted
Adjustments for accrual basis accounting generally include adjustments to ______? - Answer: Office
Supplies
A discount received for a purchase of an inventory item is recorded in the _____ account? - Answer:
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
_____? - Answer: the amount of the return may be applied to the balance owed for the invoice
The Make Payment dialog box appears on the screen_____? - Answer: after the credit card
reconciliation is complete
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