Acctg. 2 QB Cert #1

Why would you hide or collapse sub accounts on a report?

• Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive
• Set up a generic item and edit the description and price each time
• Information necessary to complete your state unemployment tax form
• Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
• To temporarily hide unnecessary detail and hide parent accounts

What should you do after you click Save & Close on Customer Credit Memo?

• To temporarily hide unnecessary detail and hide parent accounts

• Vendors

• Click the edit menu and select preference then click the reports and graphs group to set your report preferences.

• Choose between retained as an available credit, give a refund or apply to an invoice

• Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.

Which of the following CAN be memorized in Quick Books?

• Choose between retained as an available credit, give a refund or apply to an invoice
• When customer returns a product that is damaged.
• Information necessary to complete your state unemployment tax form
• Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
• Check

Which is NOT shown on the Payroll Summary Report in Quick Books?

• Check
• Click the diamond to the right of the column and drag it to the right.
• Set up a generic item and edit the description and price each time
• To temporarily hide unnecessary detail and hide parent accounts
• Information necessary to complete your state unemployment tax form

The bank notified you that a customer's check you deposited has bounced. The customer did not have sufficient funds to cover the check. What should you do?

• Information necessary to complete your state unemployment tax form
• Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive
• Vendors
• Choose between retained as an available credit, give a refund or apply to an invoice
• Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.

Suppose you always all report to show a specific size and color, how do you set standard or preference in QuickBooks so you don't have to customize each report?

• Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
• To temporarily hide unnecessary detail and hide parent accounts
• When customer returns a product that is damaged.
• Check
• Click the edit menu and select preference then click the reports and graphs group to set your report preferences.

Suppose you want to restrict which users can access customer credit numbers.

• Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
• Choose between retained as an available credit, give a refund or apply to an invoice
• Click the diamond to the right of the column and drag it to the right.
• Information necessary to complete your state unemployment tax form
• Give the user access to sales and accounts receivable but do not check the complete credit card numbers

Which of the following is possible reason for a bank reconciliation discrepancy?

• Give the user access to sales and accounts receivable but do not check the complete credit card numbers
• Check
• Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive
• Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
• the beginning balance calculated by QuickBooks does not match last month ending balance.

Which of the following statements is TRUE regarding Deposited Funds?

• the beginning balance calculated by QuickBooks does not match last month ending balance.
• Information necessary to complete your state unemployment tax form
• To temporarily hide unnecessary detail and hide parent accounts
• Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
• It is an account used to record payments before you make a deposit

Which accounts are affected when you enter Time in QuickBooks?

• It is an account used to record payments before you make a deposit
• Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
• Choose between retained as an available credit, give a refund or apply to an invoice
• Give the user access to sales and accounts receivable but do not check the complete credit card numbers
• Accounts receivable