How are QBO and QBDT similar?
Which of the following statements is not true regarding QBO subaccounts? Multiple Choice QBO automatically sets up Subaccounts commonly used by companies. QBO permits the use of Subaccounts which are useful in tracking additional detail. Subaccounts are essentially subcategories of an account. Subaccounts are added by selecting New from the Chart of Accounts window and selecting the Category Type, i.e. Expenses, then selecting Detail Type and entering in the Name.
What type of data can be imported in to QBO? Select one: a. Customers b. Vendors c. Accounts d. Products and Services e. All of the above can be imported into QBO
The pencil icon [] is used to do which of the following tasks in QBO? Select one: a. Write a check b. Print a report c. Create a new account in the chart of accounts d. Edit company settings in Account and Settings on the gear icon.
Which of the following accounts would not be automatically closed by QBO at the start of a new fiscal year? Note the account type is noted in Onext to the account name. Select one: A. Service revenue (Income) x B. Dividends (Equity) C. Interest expense (Other expense) D. Salaries expense (Expense)
Choices about which QBO features are available in a company file are made through Select one: a. Preferences b. Account and Settings c. Help d. Features
A company’s QBO software is updated _______________. Select one: a. when the user clicks the Update Program link b. automatically by Intuit c. either automatically or on demand depending on the setting selected by the user. d. When the user purchases a new version.
Identify the appropriate QBO account type for the following general ledger accounts in a law firm. Prepaid expenses Expenses Expenses Interest payable Gain on sale of office equipment Fixed assets Office furniture Other assets Accumulated depreciation Fixed assets Inventory Cost of goods sold
Suppose that the mean zonal wind shear in the descending westerlies of the equatorial QBO can be represented analytically on the equatorial B plane in the form au/dz exp (-2/L*) 1200 km. Determine the approximate meridional dependence of the corresponding temperature anomaly for lyl < where L =
In QBO, account numbers are: Multiple Choice used to uniquely identify specific accounts but do not assist in identifying an account type i.e. asset, liability, revenue, expense, and equity. used to only identify an account type and the account name identifies the specific account. used to uniquely identify accounts and help identify an account type. a combination of being randomly assigned and assigned alphabetically buy the user of QBO.
Customer statements can be prepared in QBO. Select one: O True O False Which item type should be used when setting up products sold by a company that uses a perpetual inventory sy Select one: O A. Service B. Inventory part O C. Non-inventory part D. Product What is the preferred account type for the debit account in the entry to record a customer's payment by credit car Select one: A. Other Current Asset OB. Income O C. Bank O...