a. Balance Sheet, Profit and Loss
When you run Financial Statements in QuickBooks, what bookkeeping basis can you use to view the report? a. Cash Basis b. Accrual Basis c. You can switch the bookkeeping basis if you want d. All of the above
You successfully reconciled the checking account last month. This month, when you begin to reconcile the same account, you notice that the beginning balance calculated by QuickBooks is different from the beginning balance according to the bank. How can this happen? a. It can't happen. b. Someone changed the beginning balance amount c. Someone changed or deleted a cleared transaction. d. The bank transposed some numbers on a check or deposit.
What are the main sections of the Profit & Loss? a. Income, Expenses, and Liabilities b. Income, Cost of Goods Sold, and Expenses c. Income, Assets, and Owner's Equity d. Assets, Liabilities, and Equity
When reconciling your bank account in QuickBooks, what must the beginning balance match? a. The beginning balance should always equal the net amount of all uncleared bank transactions. b. It should always match the opening balance on the paper bank statement. c. It should always match the original account opening balance when the account was created. d. The beginning balance should always be zero.
What is equity? a. What you own in the business b. Assets minus (-) liabilities c. What you owe to others in the business d. Assets plus (+) liabilities
What options (tabs) do you have to change a report when you click Modify Report? a. Display b. Filters c. Header/Footer and Fonts & Numbers d. All of the above
Suppose your address information appears on the upper left of your invoice and you want to move it to the lower right. How would you do this? a. Use the QuickBooks Print Engine Editor b. Use the Layout Designer c. Open the Financial Statement Designer d. Use the Custom Form Designer
What is A verification point?
How to create a verification point?
What Is Rational Robot?
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