question archive 10) When the business purchases an item using a credit card, then returns what they purchased, what is the correct form to use? a
10) When the business purchases an item using a credit card, then returns what they purchased, what is the correct form to use? a
Subject:AccountingPrice: Bought3
10) When the business purchases an item using a credit card, then returns what they purchased, what is the correct form to use? a. Credit Card PurchaselCharge b. Credit Memo c. Credit Card RefundlCredit d. Bill Credit 11. If you issue an invoice right before the end of a sales tax reporting period, what is the correct period to report the sales tax? a. In the period when the customer pays. b. In the period the invoice is due. c. In the same period as the invoice. d. In the next reporting period. 12. What number must be zero in order to ?nish reconciling? a. Beginning Balance b. Difference c. Ending Balance d. Cleared Balance 13. If you want to mark a report as one of your favourites, where can you do this? a. In the Process Multiple Reports dialog box. b. In the Memorize Report dialog box. c. In the Customize Report dialog box. d. In the Report Centre. 14. Why export reconciliation reports to Excel? a. Reports in Excel have more data than the reports in lQuickBooks. b The report columns cannot be resized in QuickBooks. c. You can print the reports from Excel more easily than you can from QuickBooks. d You cannot memorize bank reconciliation reports. but you can export them and keep them in case you ever need to re-visit or re-do a reconciliation. 15. What pair of steps memorizes a report so it can be easily found later? a. Re-name the report in a report window and press CTRL+M. b. Re-name the report in a report window and save it as a favourite. c. Click the Memorize button in a report window and choose a memorized report group. d. Click the Customize button in a report window and re-name the report. 16. What report shows all sections of the accounting equation? a. Pro?t and Loss b. Balance Sheet c. Accounts Receivable Aging d. Journal 1?. Which keyboard combination will open the File menu in QuickBooks? a. CTRL+SHIFT+F b. SHIFT+F c. CTRL+F d ALT+F 18. How can Ken best keep track of which transactions are related to the Research 8. Development department in his company? a. Create a separate company ?le solely for the R&D department. b Create a class for the R&D department and specify it in all department-related transactions. c. Create and export a report to Excel every time he enters transactions related to the R&D department. d There is no way to accomplish this task.
