QB20 Ch06 Concepts ExamTask 1 | Mark: 1.00/1.00Question textIf you exit the QuickBooks Desktop Setup window before adding all thedetails about your business,Select one:a. click Accountant at the main menu bar and then clickBatch EnterTransactionsto return to the window.b. click Company at the main menu bar and then clickBulk Enter BusinessDetailsto return to the window.Correctc. click File at the main menu bar and then clickNew Companyto return tothe company you were previously setting up.d. you cannot return to the window without beginning the setup processagain. Show FeedbackREF: Page 198The correct answer is: click Company at the main menu bar and thenclickBulk Enter Business Detailsto return to the window.Task 2 | Mark: 1.00/1.00Question textTo reverse the Uncategorized Income account in the Make General JournalEntries window,Select one: d. debit Accounts Receivable and credit Uncategorized Income.FeedbackREF: Page 240 Task 3 | Mark: 1.00/1.00Question textAt the same time information is entered in the __________ window,QuickBooks uses the information to record opening balances for AccountsReceivable, Accounts Payable, and Inventory Asset.Select one: FeedbackREF: Page 218The correct answer is: QuickBooks Desktop SetupTask 4 | Mark: 1.00/1.00Question textWhich of the following fields of the Edit Terms window must be completedwhen entering payment terms of 2/10, Net 30 Days?Select one: c.Discount if paid within __________ days.d.Net due in __________ days.FeedbackREF: Page 230The correct answer is: All of the choices are correct.Task 5 | Mark: 1.00/1.00Question textTrue or False: When you set up a company file with yourself as admin, youwill be asked to provide your email address to create an account with Intuit.Select one:a.TrueCorrectb. FalseThe correct answer is:TrueFeedbackREF: Page 192 Task 6 | Mark: 1.00/1.00Question textThe QuickBooks Desktop Setup window—Get all the details into QuickBooksDesktoppage doesnothave a link toSelect one: FeedbackREF: Page 198The correct answer is: add company preferences.Task 7 | Mark: 1.00/1.00Question textThe Item List stores information about a company'sSelect one: Recommended textbook solutions
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Essentials of Investments9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 689 solutions Managerial Accounting15th EditionRay H Garrison 716 solutions What are the two methods of new company setup in QuickBooks?In the No Company Open window, select Create a new company. At this point, you have two setup options: Select Express Start or Start Setup if you want to get started right away. You only need to enter your business name, industry, and business type and select Create Company File to create your company.
Which system default accounts are created by QuickBooks as part of EasyStep interview and QuickBooks Desktop setup?ch6
What is EasyStep interview in QuickBooks?The Quickbooks EasyStep Interview is the best way to get started using the software for the first time. The first step in using Quickbooks is to set up a New Company. This is done by choosing 'Create a new company' from the 'File' menu.
Which of the following must be entered during the EasyStep interview?You must use the EasyStep Interview to add customers and vendors. The EasyStep Interview is used to add employees and year-to-date earnings. If you setup a company using the EasyStep Interview, you will enter the company name, address, and Tax ID number as part of the Interview.
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After completing the EasyStep Interview and QuickBooks desktop Setup windows
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