Question: * * Do not use CHATGPT * * Do not delete my post. If you have not knowledge on Quickbook kindly skip the Post. I
Do not use CHATGPT
Do not delete my post.
If you have not knowledge on
Quickbook kindly skip the Post.
I need the only correct option of each question not explanation
Answer sholud be serially from
How can the profit and loss report be customised to view by class?
A Go to the management reports section to find class reports
B Go to the settings cog and choose class and location reporting
C Click on display columns by and choose classes from the dropdown menu
D Click on active rowsactive columns and choose classes from the dropdown menu
What are the benefits of using classes when producing financial accounts? There are two correct answers.
A There is less chance of data entry error
B Fewer account codes are required in your Chart of Accounts
C It's quicker to view the profit and loss for a particular part of the business
D The net profit totals for the company will be more accurate
What steps do you take to create a new management report?
A Go to the report centre, select management reports, and then click on new report
B Go to custom form styles, in the top righthand corner choose create a new management report template
C Edit or copy an existing management report, make necessary changes and then save as with a new name
D Go to the newcreate button, and below other, choose management reports
How do you add other reports to a management report pack in QuickBooks Online?
A From within a management report on the Reports page, from the standard reports tab or from the export icon on a standard report
B Export the report to Excel and import using add new report from the report settings cog
C Export the report to PDF and import using add new report from the report settings cog
D From a custom report and add within the preliminary pages
Which of the following statements regarding management reports is correct?
A They can be set to be emailed automatically on a monthly schedule
B They can be saved as PDF or DocX word documents
C They can be saved as PDF or Excel documents
D The report can display either the client's logo or you can add your firm's logo
Where can you set custom report dates as a default for profit and loss and balance sheet reports?
A Reports custom reports
B Accountant Tools report options
C Settings cog reports
D Settings cog all lists
Which customise settings can be used to display data in separate columns on a profit and loss report? There are two correct answers.
A Display columns by
B Compare another period
C Customise filter
D Customise headerfooter
Which costing methods are available for stock in QuickBooks Online?
A First in first out FIFO only
B First in first out FIFO and average cost only
C First in first out FIFO last in first out LIFO and average cost only
D None of the above
When creating a stock item for the first time, which of the following options must be populated ie cannot be left blankThere are two correct answers.
A Name
B Itemservice code
C Category
D Initial quantity on hand
What is the effect of using the stock quantity adjustment transaction to reduce the number of items in stock? Assume the adjustment account selected is stock shrinkage.
A Dr Stock Asset, Cr Stock Shrinkage
B Dr Stock Shrinkage, Cr Stock Asset
C Dr Stock Asset, Cr Cost of Sales
D Dr Purchases Cr Stock Asset
How do you prevent customer credits from applying automatically to invoices?
A Turn off automatically apply bill payments
B Turn off automatically apply credits
C Post all credits on account
D Manually reallocate credits
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