Quickbooks chapter 3 Study guides, Class notes & Summaries

Credit Memos are prepared to record a reduction to a transaction. True When using QuickBooks, checks may not be written in a checkbook. False QuickZoom is a QuickBooks feature that allows detailed information to be displayed. True A cash purchase can be recorded by writing a check or by using petty cash. True Once a report format has been customized as a QuickBooks preference for a company, QuickBooks will automatically use the customized format. True In a service business, most of the acc...

How can you review a Transaction Report for any account when you are viewing the Balance Sheet? Select one: a. Click the balance in the account line of the Balance Sheet report to view the Transaction Report. b. Click the Report icon at the top of the Balance Sheet screen, then choose Transaction Report. c. Click Transaction in the account line of the Balance Sheet report to view the Transaction Report. d. None of these options. a How do you access Company Settings? Select one: a. Co...

Credit Memos are prepared to record a reduction to a transaction. True When using QuickBooks, checks may not be written in a checkbook. False QuickZoom is a QuickBooks feature that allows detailed information to be displayed. True

QuickBooks: Chapter 1 Questions and Answers Passed with 100% what are the 3 types of quickbooks files? data, portable, and backup which file should we work in? portable define data file "QBW"- to enter data or create reports define backup file (.QBB)- a condensed, stable version of the data file and restore into a .QBW file before using define portable file .QBM- very condensed, helps move your quickbooks to another computer and restore before using what are the option that come with ...

QuickBooks Online - Chapter 3 Already Passed Transactions Report Transactions for an account for a specified date Trial Balance A listing of the debit or credit balances as of a specific date Journal Entry Commonly used to adjust accounts Opening Balance Equity Account used to offset beginning balances adjustments Customer Entity to whom you sell products/services Vendor Entity from whom you purchase products/services Product Merchandise a company purchases from a vendor Service Efforts m...

How can you review a Transaction Report for any account when you are viewing the Balance Sheet? Select one: a. Click the balance in the account line of the Balance Sheet report to view the Transaction Report. b. Click the Report icon at the top of the Balance Sheet screen, then choose Transaction Report. c. Click Transaction in the account line of the Balance Sheet report to view the Transaction Report. d. None of these options. a

QuickBooks Chapter 9 Test with Complete Answers 1: One advantage to customizing reports is that doing so makes the weekly or monthly reports consistent. True 2: You can create unlimited custom fields in a sales form. False 3: When you customize a field on one sales form, the change is applied to all sales forms, such as sales receipts and estimates. True 4: Privacy mode hides financial information only on the Dashboard. True 5: The Apps center link is found on both the Tools and the Pref...

QuickBooks Chapter 8 - New Company Setup Already Passed In the Easy Step Interview, you must identify Type of industry, company name, and company address. All of these Which tax form would you select for a Subchapter S corporation? Form 1120S To create a new company data file in QuickBooks, use the: File menu > New Company When setting up a new company, QuickBooks automatically creates: Chart of accounts To edit an account in the Chart Of Accounts From the chart of accounts window > ac...

SOLUTIONS MANUAL FOR Payroll Accounting 10th Edition by Landin, Bernard J. Bieg and Bridget Stomberg. Which Law? 1. K 2. H 3. B 4. F 5. I 6. J 7. A 8. D 9. G 10. C 11. E 12. L Which Payroll Law? 1. D 2. A 3. F 4. C 5. G 6. J 7. B 8. I 9. E 10. H What’s Ethical? 1. Answers will vary. Some concerns include data privacy and integrity in the software switchover, tax and employee pay integrity on the new software, and employee pay methods. SM 7-2 © McGraw Hill LLC. All ...