QuickBooks Chapter 3 (2024/25); Questions and Answers 100% Correct

QuickBooks Chapter 3 (2024/25); Questions
and Answers 100% Correct
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 accounting for purchases and payables is

simply paying bills


for expenses incurred in the operation of the business. ✔✔True


Report columns may not be resized and report formats may not be customized.

✔✔False


A Missing Check Report lists any duplicate check numbers or gaps between

check numbers.

, QuickBooks Chapter 3 (2024/25); Questions
and Answers 100% Correct
✔✔True


The Accounts Payable Register keeps track of all checks written in the business.

✔✔False


If a check has been edited, it cannot be printed. ✔✔False


When using QuickBooks' graphs, information regarding the percentage of

accounts payable


owed to each vendor is displayed as a .

A. pie chart


B. bar chart


C. line chart


D. both A and B ✔✔A. pie chart


A check may be edited in .


A. the Write Checks window


B. the Check Register

C. both A and B