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Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers 100% Pass
Accrual-basis accounting matches the income from the period and the expenses for the period in 
order to determine the net income or net loss for the period. True 
In QuickBooks, the Journal is called the book of final entry. False 
An account may be deleted at any time. False
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers Already Passed
PopularWhich 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
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QuickBook Chapter 1 - 5
This is a collection of quickbook exams from chapter to five all with verified answers.
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers Already Passed
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 
th...
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers 100% Pass
Accrual-basis accounting matches the income from the period and the expenses for the period in 
order to determine the net income or net loss for the period. True 
In QuickBooks, the Journal is called the book of final entry. False 
An account may be deleted at any time. False 
In a sole proprietorship, an owner's name is added to the Vendor List for recording withdrawals. 
False 
Additional investments made by an owner may be cash or non-cash items. True 
QuickBooks records every transaction i...
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers Passed (23/24)
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
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers 100% Pass(23/24)
Accrual-basis accounting matches the income from the period and the expenses for the period in 
order to determine the net income or net loss for the period. True 
In QuickBooks, the Journal is called the book of final entry. False 
An account may be deleted at any time.
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers 100% Pass
Accrual-basis accounting matches the income from the period and the expenses for the period in order to determine the net income or net loss for the period. True 
 
In QuickBooks, the Journal is called the book of final entry. False 
 
An account may be deleted at any time. False
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers Already GRADED A+ 2023|2024
QuickBooks Chapter 4 Questions and 
Answers Already Passed 
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 sho...
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers 100% Pass 2023|2024
QuickBooks Chapter 4 Questions and 
Answers 100% Pass 
Accrual-basis accounting matches the income from the period and the expenses for the period in 
order to determine the net income or net loss for the period. True 
In QuickBooks, the Journal is called the book of final entry. False 
An account may be deleted at any time. False 
In a sole proprietorship, an owner's name is added to the Vendor List for recording withdrawals. 
False 
Additional investments made by an owner may be cash or non-c...
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers Already Passed
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
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers Already Passed
QuickBooks Chapter 4 Questions and 
Answers Already Passed 
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 sho...
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers 100% Pass 2023|2024 update
QuickBooks Chapter 4 Questions and 
Answers 100% Pass 
Accrual-basis accounting matches the income from the period and the expenses for the period in 
order to determine the net income or net loss for the period. True 
In QuickBooks, the Journal is called the book of final entry. False 
An account may be deleted at any time. False 
In a sole proprietorship, an owner's name is added to the Vendor List for recording withdrawals. 
False 
Additional investments made by an owner may be cash or non-c...
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers Already Passed
QuickBooks Chapter 4 Questions and 
Answers Already Passed 
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 sho...
Exam (elaborations)
QuickBooks Chapter 4 Questions and Answers 100% Pass
QuickBooks Chapter 4 Questions and 
Answers 100% Pass 
Accrual-basis accounting matches the income from the period and the expenses for the period in 
order to determine the net income or net loss for the period. True 
In QuickBooks, the Journal is called the book of final entry. False 
An account may be deleted at any time. False 
In a sole proprietorship, an owner's name is added to the Vendor List for recording withdrawals. 
False 
Additional investments made by an owner may be cash or non-c...