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If you have not knowledge on

$$ Quickbook$$ kindly skip the Post.

$$ I need the only correct option of each question not$$ explanation

$38.$ When recording daily sales takings on a sales receipt that doesn't match the amount being banked, what is the recommended way to deal with a difference?

$$ A$)$ Create a bad debt item

$$ B$)$ Create a journal for the difference

$$ C$)$ Create an overs$/$shorts item

$$ D$)$ Ignore the difference

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$39.$ Where would you find the amount of filed VAT to be repaid or refunded?

$$ A$)$ VAT control

$$ B$)$ VAT suspense

$$ C$)$ VAT liability

$$ D$)$ Accounts payable

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$40.$ Which of these statements regarding filing VAT is correct?

$$ A$)$ MTD VAT returns can be unfiled

$$ B$)$ It is not possible to unfile any VAT returns in QuickBooks

$$ C$)$ Non MTD VAT returns can be unfiled

$$ D$)$ All VAT returns can be unfiled

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$41.$ If you want to use common bank rules with a number of your clients which option below would help you?

$$ A$)$ Reclassify transactions

$$ B$)$ Receipt snap

$$ C$)$ Open banking

$$ D$)$ Export and import of bank rules

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$42.$ Debtors and creditors can be written off using journals. True or false?

$$ A$)$ True

$$ B$)$ False

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$43.$ How do you create a budget for a project?

$$ A$)$ Navigate to a specific project within the project centre, select add to project, then budget

$$ B$)$ Navigate to a specific project within the project centre, select project reports, then select budget and create new

$$ C$)$ Using Budgets from the left navigation

$$ D$)$ Navigate to the reports centre on the left navigation, find project budget, and select add new

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$44.$ The CSV upload option is not limited to bank or credit card accounts and could be used to upload petty cash accounts and employee expense accounts. True or false?

$$ A$)$ True

$$ B$)$ False

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