Question

quickbooks

MULTIPLE CHOICE QUESTIONS 1. How are accounts organized in the Chart of Accounts by default? a. Numerically by account number b. Chronologically by creation date c. Alphabetically within their account type d. Numerically by account balance 2. Which form of business organization should you choose when creating a company if you are not sure which form applies? a Sole proprietorship b. Non-profit c. Corporation d. Other 3. How can the opening balance of an account be edited once an account is created? a. Using the Account Register b. From Edit Account on the Activities list c. From the Account Information option on the Edit menu d. Using Opening Balances from the Company menu 4. Items that are not purchased, held in stock or tracked as inventory are known as: a Sales Tax items b. Service items c. Zero-Inventory items d. Non-Inventory Part items 5. Who can change the settings on the Company Preferences tabs? a The owner of the company b. Any user who can access the file The accounting manager d. The user indicated as an Administrator or External Accountant of the company SAMSUNG

Answer 1

1. How are accounts organized in the chart of accounts by default?

Answer : A) Numerically by account number

2. Which form of business organization should you choose when creating a company if you are not sure which form applies ?

Answer : A) Sole proprietorship

3. How can the opening balance of an account be edited once an account is created?

Answer : A) Using the account register

4. Item that are not purchased, held in the stock or tracked as inventory are known as

Answer : D) Non - inventory parts items

5. Who can change the settings on the company preferences tabs?

Answer : D) The user indicted as an Administrator or external Accountant of the company file.