c. QuickBooks hides Subaccounts and only shows Parent accounts.
If you set up and track Sales Tax in QuickBooks, which category of reports contains Sales Tax reports? a. Sales Reports b. Vendors and Payables c. Sales Tax d. Tax Liability
How do you move columns on a report? a. Click Modify Report, and in the Display tab under Columns, click the diamond to the left of the column and drag it to the desired position. b. You can't do this in QuickBooks. You have to export the report to Excel first. c. Click the diamond to the right of the column and drag it to the desired position. d. Move your cursor over the column heading, and when it becomes a hand, click and drag the column to the desired position.
What can you do in the Reports & Graphs Preferences (Edit > Preferences)? a. Change the summary basis (Accrual or Cash) for all reports b. Change Format options like font color and size c. Set which date to use for aging reports d. All of the above
What happens when you QuickZoom on a number in a report? a. QuickBooks shows more detail about the number on the report. b. QuickBooks shows you the Journal Entry it makes "behind the scenes" for that number. c. QuickBooks displays who entered and modified the transaction. d. QuickBooks magnifies the number so it is easier to read.
What is the purpose of the Chart of Accounts? a. It allows accountants to view accounting records remotely. b. It is how you categorize financial transactions. c. To see a graphical chart of income and expenses. d. To categorize items.
You suspect that someone has changed a transaction. What report should you run? a. Audit Trail Report b. User Entry Report c. Modified Transactions Report d. Changed Transactions Report
Which of the following reports answers the question "What transactions make up the current balance I owe each Vendor?" a. A/P Aging Summary b. Accounts Payable graph c. Vendor Balance Detail d. Expenses by Vendor Detail
What happens if you double-click a diamond on a report column? a. QuickBooks opens a detailed report about just that column. b. QuickBooks automatically adjusts the column width to fit the data in the column. c. QuickBooks hides the column. d. None of the above.
How can you stop yourself and others from deleting, editing, or adding transactions in a closed period? a. Start a new company file each period (fiscal year) b. Change the fiscal year in the Company Information window c. Set a closing date d. Edit the user's profile and enter a date in the "Restrict entry after this date" field.
What is one way that QuickBooks uses the Account Type? a. To track revenue and expense by office or business segment b. For financial ratios in the Analysis module c. To change the color of different sections on the financial statements d. To identify where the account appears on the financial statements
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