PLEASE HELP QUICKBOOKS INTRODUCTION 12) When a bank reconciliation is complete, what should the difference that shows in
Posted: Sun Jun 05, 2022 8:35 pm
PLEASE HELP QUICKBOOKS INTRODUCTION
12) When a bank reconciliation is complete, what should the
difference that shows in the summary area be equal?
A The downloaded bank balance from the most recent update.
B The beginning balance on the bank statement.
C Zero.
D The ending balance on the bank statement.
13) When creating a check transaction, which box should you
select to add the check to a list of checks waiting to be
printed?
A Billable.
B Print Later.
C Check No.
D Item Details.
16) After saving a Bill transaction, which accounts balance
increases?
A Accounts Payable.
B Accounts Receivable.
C Job Materials expense.
D Checking bank account.
20) When recording a credit card charge to purchase an airline
ticket for a business trip, what type of account should you include
in the Category Details area of the entry?
A Expense.
B Liability.
C Asset.
D Income.
21) What account type should you use to record a five-year loan
used to purchase a vehicle for your business?
A Equity.
B Income.
C Expense.
D Long-Term Liabilities.
12) When a bank reconciliation is complete, what should the
difference that shows in the summary area be equal?
A The downloaded bank balance from the most recent update.
B The beginning balance on the bank statement.
C Zero.
D The ending balance on the bank statement.
13) When creating a check transaction, which box should you
select to add the check to a list of checks waiting to be
printed?
A Billable.
B Print Later.
C Check No.
D Item Details.
16) After saving a Bill transaction, which accounts balance
increases?
A Accounts Payable.
B Accounts Receivable.
C Job Materials expense.
D Checking bank account.
20) When recording a credit card charge to purchase an airline
ticket for a business trip, what type of account should you include
in the Category Details area of the entry?
A Expense.
B Liability.
C Asset.
D Income.
21) What account type should you use to record a five-year loan
used to purchase a vehicle for your business?
A Equity.
B Income.
C Expense.
D Long-Term Liabilities.