QuickBooks Chapter 4 (2024/25); Questions and Answers 100% Correct

QuickBooks Chapter 4 (2024/25); Questions
and Answers 100% Correct
Which of the following reports is not part of the period-end accounting reports?

✔✔Pending


Sales


The Cost of Goods Sold account would fall into which of the following account

types?


✔✔Income and Expenses


Which of the following is one of the financial reports that companies prepare at

least once a


year? ✔✔Balance Sheet


By what name is the income statement known in QuickBooks? ✔✔Profit & Loss

report


In customizing the Journal report to show only the adjusting journal entries, you

would be using


the __________ feature. ✔✔Filter


One way to open the Make General Journal Entries window is to begin by

clicking __________

, QuickBooks Chapter 4 (2024/25); Questions
and Answers 100% Correct
on the main menu bar. ✔✔Company


In a manual accounting system, transactions are initially recorded

chronologically in the


✔✔General Journal


Adjustments made to accounts at certain periods of time (for example, at the

end of the month)


are referred to as ✔✔Adjusting Journal Entries


Which of the following statements regarding credit amounts in a manual

accounting system is


not true? ✔✔They are always recorded as negative numbers


When determining how to identify accounts for purposes of reports and

postings, QuickBooks


relies on this piece of account information. ✔✔Account Type


In QuickBooks, registers are not available for __________ accounts ✔✔Income

and Expense