Quickbooks chapter 07 - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Quickbooks chapter 07? On this page you'll find 36 study documents about Quickbooks chapter 07.
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QuickBooks Chapter 07 Test Questions with 100% Certified Solutions|| Latest 2024!!!
- Exam (elaborations) • 4 pages • 2024
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1.The Cost of Goods Sold in the Profit and Loss account increases when you sell a product. 
True 
2: There is no limit to the number of inventory products you can enter in QuickBooks Online. 
True 
3: The difference between the cost and the sales price is an expense. false 
4: You can verify goods were NOT received without applying the receipt of inventory to 
a purchase order. true 
5: QuickBooks Online can receive incomplete orders by leaving the purchase order until 
the complete order has ar...
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QuickBooks Chapter 07 Questions and Answers Rated A+
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
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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. 
 
3. The accounts shown on the balance sheet are called: 
a. Per...
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QuickBooks Chapter 07 Questions and Answers Rated A+
- Exam (elaborations) • 8 pages • 2023
-
- $9.49
- + learn more
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.
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QuickBooks Chapter 07 Test with Certified Solutions
- Exam (elaborations) • 4 pages • 2023
-
- $21.49
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1.The Cost of Goods Sold in the Profit and Loss account increases when you sell a product. 
True 
 
2: There is no limit to the number of inventory products you can enter in QuickBooks Online. 
True 
 
3: The difference between the cost and the sales price is an expense. false
-
QuickBooks Chapter 07 Test with Certified Solutions
- Exam (elaborations) • 4 pages • 2023
- Available in package deal
-
- $14.49
- + learn more
1.The Cost of Goods Sold in the Profit and Loss account increases when you sell a product. True 
 
2: There is no limit to the number of inventory products you can enter in QuickBooks Online. True 
 
3: The difference between the cost and the sales price is an expense. false 
 
4: You can verify goods were NOT received without applying the receipt of inventory to a purchase order. true
Too much month left at the end of the money?
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QuickBooks Chapter 07 Test with Certified Solutions
- Exam (elaborations) • 4 pages • 2023
-
- $9.49
- + learn more
1.The Cost of Goods Sold in the Profit and Loss account increases when you sell a product. 
True 
 
2: There is no limit to the number of inventory products you can enter in QuickBooks Online. 
True 
 
3: The difference between the cost and the sales price is an expense. false
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