Question

Help with my study questions for QuickBooks premier addition 2020 multiple choice, thanks in advance!

14. Which of the following can you not do automatically when exporting a QuickBooks report to Excel?

a. Maintain QuickBooks data formatting in Excel

b. Have Excel ‘Auto-fit’ column widths to display all QuickBooks headers and numbers

c. Update QuickBooks with the changes entered in Excel d. Have Excel ‘Freeze Panes’ to keep row and column headers in view when scrolling through data

e. None of the above

15. You have entered a Purchase Order in QuickBooks for $1,000 to purchase inventory. Which of the following accounts are affected?

a. Inventory Account in increased by $1,000 and Chequing Account is decreased by $1,000

b. Inventory Account is decreased by $1,000 and Chequing Account is increased by $1,000

c. Inventory Expense is increased by $1,000 and Cost of Goods Sold Account is increased by $1,000

d. Inventory Expense is increased by $1,000 and Cost of Goods Sold Account is decreased by $1,000

e. None of the above

16. Which of the following statements are true?

a. Once an item has been setup with assigned ‘Units of Measure’, it cannot be deleted

b. Once an item has been setup with assigned ‘Units of Measure’, those units of measure cannot be changed

c. Once an item has been setup with assigned ‘Units of Measure’, it cannot be marked as ‘inactive’

d. Once an item assigned with different ‘Units of Measure’ has been used in a transaction, those units of measure cannot be changed

e. All of the above

Answer 1

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