573 QUICKBOOKS ONLINE PLUS: A Complete Course 2017 END-OF-CHAPTER QUESTIONS TRUE/FALSE Nte: the qinlG QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION R. (Note: the question numbers do not refer to the chapter objectives. NUMBER. UMBE 8.01. In QuickBook s Online Plus you cannot record an adjustment to the quantity of 8.02. If if negative you transfer Net Income into Capital, on the Balance Sheet it will show as a in Retained Earnings and a positive in Net Income until the following year 8.03. If you record the wrong date for an inventory starting value, you correct the date on 8.04. An owner's withdrawal decreases cash and equity 8.05. You may prepare a budget for locations. 8.06. An inventory starting value transaction is recorded when you prepare a purchase the Inventory Starting Value #START form. order for an inventory item. 8.07. An adjusting entry for depreciation reduces the book value of fixed assets. 8.08. After reconciling a credit card account, you may select the option to write a payment check now. 8.09. When you have a budget, you cannot purchase office supplies if it is over the budgeted amount. 8.10. When reconciling an account, if the statement amount is correct and your amount does not match it, you change the amount in your original transaction prior to completing the reconciliation MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER 8.11. To enter your initial budget figures, you may A. Copy a previous budget B. Record the amounts individually C. Copy amounts from This Fiscal Year or Last Fiscal Year D. Any of the above