QuickBooks Chapter 8; Questions with Complete Solutions

QuickBooks Chapter 8; Questions with
Complete Solutions
To make sure you are starting in the correct place in the data, display the:


A)January journal.

B)Adjusted Trial Balance.


C)January 1 Trial Balance.


D)December 1-31 Balance Sheet.


E)None of the above. ✔✔C)January 1 Trial Balance


In Chapter 8, all transactions occur in the month of:


A)November.


B)December.


C)January.


D)October.


E)None of the above. ✔✔C)January


If you recorded fourth quarter transactions in 2017, January transactions are

recorded for:


A)2015.

, QuickBooks Chapter 8; Questions with
Complete Solutions
B)2016.


C)2017.

D)2018


E)None of the above. ✔✔D)2018


Use the transaction register to record QB Cloud's:

A)Expenses.


B)Bills to vendors.


C)Sales invoices.


D)None of the above. ✔✔A)Expenses


Make this selection to record credit card receipts:


A)Bills (in vendor list).


B)Sales receipt (in customers list).


C)Reports (from Navigation bar)


D)Company settings (from Gear icon).


E)None of the above. ✔✔B)Sales receipt (in customers list)