question archive 28) If the inventory arrives before the vendor bill, which action should you take? Receive items and enter bills
28) If the inventory arrives before the vendor bill, which action should you take? Receive items and enter bills
Subject:AccountingPrice: Bought3
28) If the inventory arrives before the vendor bill, which action should you take? Receive items and enter bills. Enter bills. Receive items. Close purchase order. 29. Creating a General Journal entry a. prevents you from allocating amounts across periods 6 . creates connections among General Journal entries C. allows you to allocate amounts across multiple periods d. chooses debits and credits for you 30. Which statement reflects why you should memorize transactions? a. It prevents you from making changes to recurring transactions. b. It allows you to reuse the Make Deposits form. C. It minimizes the time and effort spent on recurring transactions. d. It preserves all the information in recurring transactions. 31. Which feature would be the most useful for determining the hours for which to pay hourly employees each pay period? a. The write cheques feature b . The billable feature C. The manual payroll feature d. The time tracking feature 32. The PD7A is the standard form used to a. report taxes to the Canada Revenue Agency b. determine employment insurance amounts . calculate the amount from each employee to deduct for the Canada pension plan d. determine provincial tax amounts 33. Which of the following is not a required item to start a new company file when using the Express Start method? a. Industry b. Province C. Company name d Legal name 34. Which of the following statements about using the Create method to create a new company file is true? a. All memorized reports will be copied into the new file. b. Some lists and items will be copied into the new file, but no transactions will be copied. C. You need only specify the company name, industry, company type, and province to set up a new company file. d. You can answer a series of questions to gather the information needed to set up a new company file. 35. In which situation do you need to set up passwords for each user? a. If the Admin relinquishes his or her permissions 6 . If more than one user has access to QuickBooks C. If QuickBooks is set up in single-user mode d. If the Admin establishes secure access to the company file
