QuickBooks Final Exam Questions and Correct Solutions 2024

QuickBooks Final Exam Questions and Correct Solutions 2024 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 The _____ item must appear before the Nonprofit Discount item on an invoice in order for Quickbooks to calculate the sales discount on the entire sale? - Answer -Subtotal