QuickBooks Chapter 2 Test with Complete
Solutions 2024/25 Update
How are bank charges, which have not been recorded in QBO, classified?
✔✔Bank charges
which have not yet been recorded in QBO are not recognized and are
temporarily
classified as Uncategorized Expense.
How are bank deposits, which have not been recorded in QBO, classified?
Select one:
a. Bank deposits which have not yet been recorded in QBO are temporarily
classified as To Be
Categorized Income.
b. Bank deposits which have not yet been recorded in QBO are recognized and
classified as
Uncategorized Income.
c. Bank deposits which have not yet been recorded in QBO are classified as To Be
Categorized
Income.
, QuickBooks Chapter 2 Test with Complete
Solutions 2024/25 Update
d. Bank deposits which have not yet been recorded in QBO are not recognized
and are
temporarily
classified as Uncategorized Income. ✔✔D
Opening the expense transaction section fo QBO will provide a listing of _____.
Select one:
a. recent credit card, bills, expenses, checks, and cash transactions.
b. recent credit card, bills, expenses, purchase orders, checks, bill payments, and
cash
transactions.
c. recent credit card, expenses, checks, and cash transactions ✔✔B
Opening the sales transaction section of QBO will provide a listing of _____.
Select one:
a. only unbilled activity in the last 30 days.
b. recent sales invoices.
Solutions 2024/25 Update
How are bank charges, which have not been recorded in QBO, classified?
✔✔Bank charges
which have not yet been recorded in QBO are not recognized and are
temporarily
classified as Uncategorized Expense.
How are bank deposits, which have not been recorded in QBO, classified?
Select one:
a. Bank deposits which have not yet been recorded in QBO are temporarily
classified as To Be
Categorized Income.
b. Bank deposits which have not yet been recorded in QBO are recognized and
classified as
Uncategorized Income.
c. Bank deposits which have not yet been recorded in QBO are classified as To Be
Categorized
Income.
, QuickBooks Chapter 2 Test with Complete
Solutions 2024/25 Update
d. Bank deposits which have not yet been recorded in QBO are not recognized
and are
temporarily
classified as Uncategorized Income. ✔✔D
Opening the expense transaction section fo QBO will provide a listing of _____.
Select one:
a. recent credit card, bills, expenses, checks, and cash transactions.
b. recent credit card, bills, expenses, purchase orders, checks, bill payments, and
cash
transactions.
c. recent credit card, expenses, checks, and cash transactions ✔✔B
Opening the sales transaction section of QBO will provide a listing of _____.
Select one:
a. only unbilled activity in the last 30 days.
b. recent sales invoices.
