Quickbooks Final Exam
The basis of accounting matches income for the period against
expenses for the period? correct answersAccrual
To change a column width in a report without changing the size of the print,
you must? correct answersPrint 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? correct answersDeleted
Adjustments for accrual basis accounting generally include adjustments
to ?
correct answersOffice Supplies
A discount received for a purchase of an inventory item is recorded in
the
account? correct answersCost 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 ? correct answersthe amount of the return may
be applied to the balance owed for the invoice
The Make Payment dialog box appears on the screen ? correct answersafter
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? correct answersSubtotal
If reports are prepared as of January 31 of the current year, net income
will appear in the ? correct answersProfit & Loss Statement
Balance
Sheet Both A
and B
If an invoice is entered and causes a customers account to exceed its
limit, Quickbooks ? correct answersprovides a dialog box allowing you to
approve the transaction
Even though transactions are entered via business documents such as
invoices and sales receipts, Quickbooks keeps track of all transactions ?
correct answersIn the Journal
The basis of accounting matches income for the period against
expenses for the period? correct answersAccrual
To change a column width in a report without changing the size of the print,
you must? correct answersPrint 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? correct answersDeleted
Adjustments for accrual basis accounting generally include adjustments
to ?
correct answersOffice Supplies
A discount received for a purchase of an inventory item is recorded in
the
account? correct answersCost 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 ? correct answersthe amount of the return may
be applied to the balance owed for the invoice
The Make Payment dialog box appears on the screen ? correct answersafter
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? correct answersSubtotal
If reports are prepared as of January 31 of the current year, net income
will appear in the ? correct answersProfit & Loss Statement
Balance
Sheet Both A
and B
If an invoice is entered and causes a customers account to exceed its
limit, Quickbooks ? correct answersprovides a dialog box allowing you to
approve the transaction
Even though transactions are entered via business documents such as
invoices and sales receipts, Quickbooks keeps track of all transactions ?
correct answersIn the Journal
