QUICKBOOKS EXAM BUNDLE 2023(COMPLETE)

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 t...

Which of the following is not an input field or selection at the Add New Account window? a. Financial Statement Override b. Description c. Account Type d. Enter Opening Balance - ANSWER a. Financial Statement Override Which of the following is not an available button at the Glad you're her...

To memorize a report: - ANSWER Create a report > Memorize The following taxes are reported on form 941 except: - ANSWER State income taxes withheld from the employee paychecks When saving reports as a file to a disk, QuickBooks permits you to select from all of the following file formats ex...

accounting - ANSWER The process of recording, summarizing, and presenting the financial information of a company in the form of financial statements. accrual basis of accounting - ANSWER An accounting method that requires the recording of revenue when it is earned and the recording of expenses wh...

Which of the following is true? If a customer balance is entered during the setup process, QuickBooks creates an entry using the Accounts Receivable and Uncategorized Income accounts. If a vendor balance is entered during the setup process, QuickBooks creates an entry using the Accounts Payabl...

You have a small service business and want to track income, expenses, and mileage. Which QuickBooks Online subscription would you choose? - ANSWER self-employed Which of the following provides access to banking, sales, expenses, and reports? - ANSWER left navigation bar Where would you go to i...

The Chart of Accounts can be accessed from which section of the Home page? - ANSWER Company To change a company name in QuickBooks, select the following form the menu bar: - ANSWER Company>My company>Edit> Which of the following file types identifies a QuickBooks Backup File? - ANSWER...

The order of the steps in the accounting cycle includes: - ANSWER Trial balance, adjusting entries, adjusted trial balance, financial reports What is an asset? - ANSWER What a company owns Examples of management reports for internal decision making include all of the following except - ANSWER ...

Self-employed - ANSWER You have a small service business and want to track income,expenses, and mileage. Which quick books online subscription you choose? Left navigation bar - ANSWER Which of the following provides access to banking,sales,expenses, and reports? Gear-> import data - ANSWER ...

After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? - ANSWER It's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? - ANSWER only one user can access the data file The bank notified...

Why would you hide or collapse sub accounts on a report? - ANSWER To temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? - ANSWER Choose between retained as an available credit, give a refund or apply to an invoic...

What information is required before setting up a QuickBooks file? - ANSWER 1. Company name 2. Industry 3. Company type 4. Company contact information 6. Tax ID How do you start a new company data file in QuickBooks (Express Start and Advanced Setup)? - ANSWER File>New Company Three option...