Questions about quickbooks, please help me! I need help desperately! Malcolm ordered 12 widgets from Big Corp, but four
Posted: Sun Jun 05, 2022 8:28 pm
Questions about quickbooks, please help me! I need help
desperately!
Malcolm ordered 12 widgets from Big Corp, but four widgets
arrived damaged. Big Corp doesn’t have any more widgets, so they
say they won’t charge for all 12. How does Malcolm record this in
QuickBooks?
A As a vendor credit
B As a vendor refund
C As a non-posting entry
D As a partial inventory receipt
Which account balances are transferred to Retained Earnings
during the closing process?
A Accounts Receivable
B Liabilities
C Revenues and Expenses
D Assets
There are several valuable reports you can run to evaluate your
business performance. Intuit has grouped these reports for easy
access in the Management reports tab. Which two reports are grouped
in Company Overview?
A Profit and Loss, A/R Aging Detail.
B Profit and Loss, Expenses by Vendor Summary.
C Profit and Loss, Sales by Customer Summary.
D Profit and Loss, Balance Sheet.
Your nonprofit organization has planned its programming for the
year based on a projected budget that includes gifts pledged by
donors. You need to compare actual figures to those projections.
Which QuickBooks report will give you this information?
A Reconciliation report
B Budgets vs. Actuals report
C Budget Overview report
D Profit & Loss report
To modify the content of a sales form, you go to the Account and
Settings window and choose the Sales tab. How do you access the
Sales form content in order to change your shipping
information?
A Click the small pencil icon in the Sales Form Content
box.
B Click on the word Shipping.
C Click on Show Product/Service Column on Sales Form
D Click on the Customize Look and Feel button.
desperately!
Malcolm ordered 12 widgets from Big Corp, but four widgets
arrived damaged. Big Corp doesn’t have any more widgets, so they
say they won’t charge for all 12. How does Malcolm record this in
QuickBooks?
A As a vendor credit
B As a vendor refund
C As a non-posting entry
D As a partial inventory receipt
Which account balances are transferred to Retained Earnings
during the closing process?
A Accounts Receivable
B Liabilities
C Revenues and Expenses
D Assets
There are several valuable reports you can run to evaluate your
business performance. Intuit has grouped these reports for easy
access in the Management reports tab. Which two reports are grouped
in Company Overview?
A Profit and Loss, A/R Aging Detail.
B Profit and Loss, Expenses by Vendor Summary.
C Profit and Loss, Sales by Customer Summary.
D Profit and Loss, Balance Sheet.
Your nonprofit organization has planned its programming for the
year based on a projected budget that includes gifts pledged by
donors. You need to compare actual figures to those projections.
Which QuickBooks report will give you this information?
A Reconciliation report
B Budgets vs. Actuals report
C Budget Overview report
D Profit & Loss report
To modify the content of a sales form, you go to the Account and
Settings window and choose the Sales tab. How do you access the
Sales form content in order to change your shipping
information?
A Click the small pencil icon in the Sales Form Content
box.
B Click on the word Shipping.
C Click on Show Product/Service Column on Sales Form
D Click on the Customize Look and Feel button.