Do NOT USE CHATGPT. DO NOT DELETE MY QUESTION.

THIS IS QUICKBOOK ADVANCE HELP.

IF YOU ARE NOT KNOW ABOUT QUICKBOOK SOFTWARE THEN SKIP THE POST. $.$

SOME ONE SURELY HELP ME$.$

I NEED ONLY CORRECT OPTION NOT explanation.

$35.$ When creating a stock item for the first time, which of the following options must be populated $($i$.$e$.$ cannot be left blank$)?($There are two correct answers.$)$

$$ A$)$ Name

$$ B$)$ Item$/$service code

$$ C$)$ Category

$$ D$)$ Initial quantity on hand

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$36.$ 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

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$37.$ 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 re$-$allocate credits

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$38.$ 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

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$39.$ 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

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$40.$ 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

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$41.$ 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

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

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

$$ A$)$ True

$$ B$)$ False

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$43.$ 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

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$44.$ 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

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$