QuickBooks Chapter 3 (2022/2023) Rated A+

QuickBooks Chapter 3 (2022/2023)
Rated A+
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.

✔✔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