Bookkeeping with Quickbooks you're ready to create a new company file. which of the following quickbooks features should you use? - ANSWER EasyStep interview ace just bought a new vehicle for the company. what account type should you use to track the value of a vehicle he has purchased? - ANSWER Fixed Asset in quickbooks, the book value of a fixed asset account is represented by the sum if its cost and which subaccount? - ANSWER Accumulated Depreciation which account in quickbooks will help you track bills ace receives from his vendors? - ANSWER accounts payable 1 / 3
which of the following best describes a purchase order? - ANSWER a document indicating that you have ordered products or services from a vendor ahead of delivery ace receives a customer payment for a completed job. when you enter the customer payment in quickbooks, the payment is first recorded to which of the following accounts? - ANSWER undeposited funds ace has completed his first month of business and wants to see how he's doing.which of the following quickbooks preset reports will show his company's financial position is that (or ant) moment in time? - ANSWER balance sheet ace is trying to learn more about quickbooks files and calls his accountant. the first thing he wants to know is the difference between a portable file and an accountant copy. if his accountant knows his stuff, what would he ANSWER? - ANSWER an accountant's copy allows the user to still work in the file while the accountant also makes entries 2 / 3
ace is interested in offering all nikon digital cameras at 20% off as a summer promotion hat would you do in Quickbooks to account for this sale? - ANSWER change the price of the items in the change item Prices window the fiscal year for ace photography has come to an end qhat so you do in QuickBooks to close the books - ANSWER set a closing date password ace is interested in giving a discount to some of his loyal customers ad he doesn't need to teach this information which of the following would you create in Quickbooks to grant the discount? - ANSWER a fixed percentage price level ace has been reviewing his finance charge policy and wants you to, make some changes which feature should you use to adjust the finance charge settings in the company file? - ANSWER preferences
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