Quickbooks

Oxford University (OX)

Here are the best resources to pass Quickbooks. Find Quickbooks study guides, notes, assignments, and much more.

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Exam (elaborations)

QuickBooks Chapter 7 & 8 Test Latest 2023 Already Passed
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18

September 2023

2023/2024

A+
A company's computer is classified as what account type: a. Expense b. Owner's Equity c. Fixed Asset d. Retained Earnings c. Fixed Asset A corporation uses __________ as its Federal Tax ID number. a. the owner's social security number b. an EIN number c. business operating license number d. none of these b. an EIN number
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Exam (elaborations)

QuickBooks Chapter 3 (2022/2023) Rated A+
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7

September 2023

2023/2024

A+
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
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Exam (elaborations)

QuickBooks Chapter 2 Test Latest Update Graded A+
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7

September 2023

2023/2024

A+
Subitems do NOT affect the accounting behind the scenes True To edit an existing transaction in QuickBooks, you void it and the re-create it False Lists in QuickBooks are used for storing your list of accounts False You CANNOT add information to a customer entry; you must enter the information into a job False
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Exam (elaborations)

QuickBooks Chapter 07 Questions and Answers Rated A+
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8

September 2023

2023/2024

A+
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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Exam (elaborations)

QuickBooks Chapter 1 Test Latest Update with Verified Solutions
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6

September 2023

2023/2024

A+
xData entry is the same in QuickBooks whether you use accrual or cash basis accounting True Always back up your company file to a location NOT on the same hard drive as the original file True The cash basis accounting means the sale transaction is recorded when the sale is made, and expenses are recorded when they are incurred False QuickBooks for Mac has the same basic look as the Windows version, but the functions are different False
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Exam (elaborations)

QuickBooks Chapter 7 Questions and Answers 100% Verified
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7

September 2023

2023/2024

A+
The purpose of an adjusting entry is: A)Revenue was earned but not recorded. B)Expenses incurred but not recorded. C)To show the prepaid expense for one month. D)Customer paid in advance of receiving goods or services. E)All of the above. E)All of the above Adjusting entries are made on the: A)15th of every month .B)First day of the new year, meaning January 1. C)Last day of the month, quarter, or year. D)Adjusting entries are rarely recorded for a company. E)All of the above. C)Las...
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Exam (elaborations)

QuickBooks Chapter 6 Test with Certified Solutions
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5

September 2023

2023/2024

A+
The Inventory Part window consists of two sides: one for sales information and one for purchase information True Inventory tracking is automatically activated when you create a company file False In QuickBooks, non-inventory parts are tracked in the same way as inventory parts False QuickBooks automatically creates your Sales Tax Liability account for you True
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Exam (elaborations)

QuickBooks Chapter 2 Test Latest Update Graded A+
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5

September 2023

2023/2024

A+
Subitems do NOT affect the accounting behind the scenes True To edit an existing transaction in QuickBooks, you void it and the re-create it False Lists in QuickBooks are used for storing your list of accounts False You CANNOT add information to a customer entry; you must enter the information into a job False
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Exam (elaborations)

QuickBooks Chapter 06 Questions and Answers Already Passed
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7

September 2023

2023/2024

A+
1. Before completing the work within Chapter 6, check your data with the following report: a. December 1 Trial Balance. b. December 31 Trial Balance. c. November 30 P&L. d. November 1 Balance Sheet. e. None. December 1 Trial Balance. 2. The action of sending money in payment of a bill is called a/an: a. Activity. b. Transaction. c. Remittance. d. General journal entry. e. None. Remittance.
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Exam (elaborations)

QuickBooks Chapter 2 Questions and Answers Already Graded A+
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7

September 2023

2023/2024

A+
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 ...
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