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Examen
QuickBooks chapter 8 (2022/2023) Rated A+
QuickBooks chapter 8 (2022/2023) 
Rated A+ 
what are the steps to create a profit and loss budget? - gear icon 
- budgeting 
- add budget 
- enter info 
what value do budgets provide a business? - provide internal control over business activities 
- help ID and resolve problems 
why should a business reconcile a checking account? reconciliation helps ID any unusual 
transactions that can be caused by fraud or accounting errors. 
who should prepare a bank reconciliation? someone other than the ac...
Examen
QuickBooks chapter 8 (2023/2024) Rated A+
Popularwhat are the steps to create a profit and loss budget? - gear icon 
- budgeting 
- add budget 
- enter info 
what value do budgets provide a business? - provide internal control over business activities 
- help ID and resolve problems 
why should a business reconcile a checking account? reconciliation helps ID any unusual 
transactions that can be caused by fraud or accounting errors. 
who should prepare a bank reconciliation? someone other than the accountant or bookkeeper 
explain the dif...
Examen
QuickBooks Quiz Chapter 8 (2022/2023) Already Passed
The company that hires the workers is referred to as the employer 
A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. 
employee 
Payroll involves all of the following except preparing a spreadsheet with government 
agencies names and addresses. 
Withholdings generally refer to the payroll taxes the employer is required to take out of the 
employee's paycheck and submit to the appropriate government agency. 
____ generally refer(s) to amounts taken ou...
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass
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.
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass
You cannot process payroll manually. False 
Once a paycheck has been printed, you may not edit it. False 
Paychecks may be printed only as a batch. False 
A payroll check may never be deleted. False 
Once an employee is hired, you may not change the pay period from semi-monthly to monthly. 
False 
An employee may be added at anytime. True
Examen
QuickBooks Quiz Chapter 8 (2023/2024) Already Passed
The company that hires the workers is referred to as the employer 
A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. 
employee 
Payroll involves all of the following except preparing a spreadsheet with government 
agencies names and addresses. 
Withholdings generally refer to the payroll taxes the employer is required to take out of the 
employee's paycheck and submit to the appropriate government agency. 
____ generally refer(s) to amounts taken...
Examen
QuickBooks Chapter 8 - New Company Setup Already Passed
In the Easy Step Interview, you must identify Type of industry, company name, and 
company address. All of these 
Which tax form would you select for a Subchapter S corporation? Form 1120S 
To create a new company data file in QuickBooks, use the: File menu > New Company 
When setting up a new company, QuickBooks automatically creates: Chart of accounts 
To edit an account in the Chart Of Accounts From the chart of accounts window > account > 
Edit Account 
The Doing Business as name ...
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass(23/24)
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
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass(23/24)
You cannot process payroll manually. False 
Once a paycheck has been printed, you may not edit it. False 
Paychecks may be printed only as a batch. False 
A payroll check may never be deleted. False
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass
You cannot process payroll manually. False 
 
Once a paycheck has been printed, you may not edit it. False 
 
Paychecks may be printed only as a batch. False 
 
A payroll check may never be deleted. False
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass
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. 
B)2016. 
C)2017. 
D)2018...
Examen
QuickBooks chapter 8 (2023/2024) Rated A+
what are the steps to create a profit and loss budget? - gear icon 
- budgeting 
- add budget 
- enter info 
 
what value do budgets provide a business? - provide internal control over business activities - help ID and resolve problems 
 
why should a business reconcile a checking account? reconciliation helps ID any unusual transactions that can be caused by fraud or accounting errors.
Examen
QuickBooks Quiz Chapter 8 2023|2024 LATEST UPDATE RATED A+
QuickBooks Quiz Chapter 8 (2022/2023) 
Already Passed 
The company that hires the workers is referred to as the employer 
A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. 
employee 
Payroll involves all of the following except preparing a spreadsheet with government 
agencies names and addresses. 
Withholdings generally refer to the payroll taxes the employer is required to take out of the 
employee's paycheck and submit to the appropriate governme...
Examen
QuickBooks chapter 8 Rated A+ LATEST UPDATE 2023|2024
QuickBooks chapter 8 (2022/2023) 
Rated A+ 
what are the steps to create a profit and loss budget? - gear icon 
- budgeting 
- add budget 
- enter info 
what value do budgets provide a business? - provide internal control over business activities 
- help ID and resolve problems 
why should a business reconcile a checking account? reconciliation helps ID any unusual 
transactions that can be caused by fraud or accounting errors. 
who should prepare a bank reconciliation? someone other than the ac...
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass 2023|2024
QuickBooks Chapter 8 Questions and 
Answers 100% Pass 
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 a...
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass 2023|2024
QuickBooks Chapter 8 Questions and 
Answers 100% Pass 
You cannot process payroll manually. False 
Once a paycheck has been printed, you may not edit it. False 
Paychecks may be printed only as a batch. False 
A payroll check may never be deleted. False 
Once an employee is hired, you may not change the pay period from semi-monthly to monthly. 
False 
An employee may be added at anytime. True 
If several taxes are owed to a single agency, QuickBooks generates a separate check to the 
agency for ...
Examen
QuickBooks Quiz Chapter 8 (2022/2023) Already Passed
The company that hires the workers is referred to as the employer 
A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. 
employee 
Payroll involves all of the following except preparing a spreadsheet with government 
agencies names and addresses
Examen
QuickBooks Chapter 8 - New Company Setup Already Passed
In the Easy Step Interview, you must identify Type of industry, company name, and 
company address. All of these 
Which tax form would you select for a Subchapter S corporation? Form 1120S 
To create a new company data file in QuickBooks, use the: File menu > New Company
Examen
QuickBooks chapter 8 (2022/2023) Rated A+
what are the steps to create a profit and loss budget? - gear icon 
- budgeting 
- add budget 
- enter info
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass
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
Examen
QuickBooks Chapter 8 Questions and Answers 100% Pass
You cannot process payroll manually. False 
Once a paycheck has been printed, you may not edit it. False 
Paychecks may be printed only as a batch. False