Computerized Accounting || 100% Accurate Answers.
Which of the following tasks is completed from the Banking section of the Home page? correct
answers Enter Credit Card Charges
The Chart of Accounts can be accessed from which section of the home page? correct answers
Company
Which of the following file types identifies a QuickBooks Portable File? correct answers QBM
The Home page in Quickbooks consists of all the following sections except correct answers Lists
Accounting information is used to do all of the following except page 1.4 correct answers
Prepare meeting minutes for the board of directors.
A business transaction is an exchange between correct answers All of the above Vender,
Employee & Customer
The QuickBooks file extension QBM indicates the file is a correct answers QuickBooks movable
file.
Which Quickbooks window allows you to add your name to the checking account> correct
answers Chart of Accounts
Which financial statement below summarizes the financial position of a company? correct
answers Profit and Loss Statement
Which financial statement below summarizes a company's cash inflow and outflow? correct
answers Statement of Cash Flows
,What does the chart of Accounts List correct answers All of the above.
What are assets? correct answers Resources that a company owns with future benefit.
Which out of the following is a temporary account? correct answers Sales
To add a new account to the Chart of Accounts From the chart of Accounts window select correct
answers Account, New
Which of the following is considered a permanent account? correct answers Balance Sheet
accounts
Which of the following is not an income account? correct answers Rent Expense
Income statement accounts are also called? correct answers Temporary accounts
Which of the following increases owner's equity? correct answers Business Profits
All of the following tasks can be completed in the Banking section of the Home page except
correct answers Pay Employees
Examples of undeposited funds are correct answers Customer payments recorded as received but
not yet deposited
The one step approach (write checks window) can be used to pay which of the following ?
correct answers None of the above.
When deleting a check all of the following is true except correct answers It is better to delete the
check than void the check in order to erase all records of the transaction
,When reconciling the bank statement using Quickbooks. correct answers All of the above
When the balance of an equity account like Capital Stock, increases, it means that the account
has been correct answers Credited
A business checking account may be used for which of the following purchases? correct answers
Furniture for the office
The customer section of the Home page is used to record which of the following transaction?
correct answers Customer payment
The one step approach to bill paying correct answers records and pays a bill at the same time
When paying a bill, Quickbooks automatically correct answers Reduces the liability (debit) and
the checking account (credit)
Check Register is a record of all transactions affecting the correct answers Checking account
When recordig a customer payment from a cash sale , select correct answers Create Sales
Receipt, Record Deposits
To record a credit sale, select correct answers none of the above
Credit card sales are correct answers Recorded using a create invoices window
When a credit sale sale is recorded on an invoice, QuickBooks records correct answers An
increase to Sales and in increase to Accounts Receivable
, Which report provides information to help in tracking accounts receivable correct answers All of
the above
To increase collection of payments, you can use all the following QuickBooks features, except
correct answers Customers with New Invoices Report
Which one of the following activities is not shown in the Customer section of the Home page
correct answers Make Deposits
The Job Profitability Summary Report is accessed from the correct answers Report Center
The Finance Charges icon allows you to correct answers Add finance charges to customer bills
when bills are not paid by the due date
The Customer List stores all of the information listed below except correct answers Sales tax
rates
The undeposited Funds account correct answers Holds funds received but not deposited in the
bank
Which one of the following is a vendor transaction? correct answers Enter Bills
Which of the following activities and QuickBooks window used to record it is Incorrect correct
answers Record Inventory information. Inventory List
Which of the following is usually classified as an inventory item? correct answers Goods
purchased for resale to customers
Which Quickbooks window is used to record services received correct answers Enter Bills
Which of the following tasks is completed from the Banking section of the Home page? correct
answers Enter Credit Card Charges
The Chart of Accounts can be accessed from which section of the home page? correct answers
Company
Which of the following file types identifies a QuickBooks Portable File? correct answers QBM
The Home page in Quickbooks consists of all the following sections except correct answers Lists
Accounting information is used to do all of the following except page 1.4 correct answers
Prepare meeting minutes for the board of directors.
A business transaction is an exchange between correct answers All of the above Vender,
Employee & Customer
The QuickBooks file extension QBM indicates the file is a correct answers QuickBooks movable
file.
Which Quickbooks window allows you to add your name to the checking account> correct
answers Chart of Accounts
Which financial statement below summarizes the financial position of a company? correct
answers Profit and Loss Statement
Which financial statement below summarizes a company's cash inflow and outflow? correct
answers Statement of Cash Flows
,What does the chart of Accounts List correct answers All of the above.
What are assets? correct answers Resources that a company owns with future benefit.
Which out of the following is a temporary account? correct answers Sales
To add a new account to the Chart of Accounts From the chart of Accounts window select correct
answers Account, New
Which of the following is considered a permanent account? correct answers Balance Sheet
accounts
Which of the following is not an income account? correct answers Rent Expense
Income statement accounts are also called? correct answers Temporary accounts
Which of the following increases owner's equity? correct answers Business Profits
All of the following tasks can be completed in the Banking section of the Home page except
correct answers Pay Employees
Examples of undeposited funds are correct answers Customer payments recorded as received but
not yet deposited
The one step approach (write checks window) can be used to pay which of the following ?
correct answers None of the above.
When deleting a check all of the following is true except correct answers It is better to delete the
check than void the check in order to erase all records of the transaction
,When reconciling the bank statement using Quickbooks. correct answers All of the above
When the balance of an equity account like Capital Stock, increases, it means that the account
has been correct answers Credited
A business checking account may be used for which of the following purchases? correct answers
Furniture for the office
The customer section of the Home page is used to record which of the following transaction?
correct answers Customer payment
The one step approach to bill paying correct answers records and pays a bill at the same time
When paying a bill, Quickbooks automatically correct answers Reduces the liability (debit) and
the checking account (credit)
Check Register is a record of all transactions affecting the correct answers Checking account
When recordig a customer payment from a cash sale , select correct answers Create Sales
Receipt, Record Deposits
To record a credit sale, select correct answers none of the above
Credit card sales are correct answers Recorded using a create invoices window
When a credit sale sale is recorded on an invoice, QuickBooks records correct answers An
increase to Sales and in increase to Accounts Receivable
, Which report provides information to help in tracking accounts receivable correct answers All of
the above
To increase collection of payments, you can use all the following QuickBooks features, except
correct answers Customers with New Invoices Report
Which one of the following activities is not shown in the Customer section of the Home page
correct answers Make Deposits
The Job Profitability Summary Report is accessed from the correct answers Report Center
The Finance Charges icon allows you to correct answers Add finance charges to customer bills
when bills are not paid by the due date
The Customer List stores all of the information listed below except correct answers Sales tax
rates
The undeposited Funds account correct answers Holds funds received but not deposited in the
bank
Which one of the following is a vendor transaction? correct answers Enter Bills
Which of the following activities and QuickBooks window used to record it is Incorrect correct
answers Record Inventory information. Inventory List
Which of the following is usually classified as an inventory item? correct answers Goods
purchased for resale to customers
Which Quickbooks window is used to record services received correct answers Enter Bills
