Questions about quickbooks, please help me! I need help desperately!

Malcolm ordered 12 widgets from Big Corp, but four widgets arrived damaged. Big Corp doesnt have any more widgets, so they say they wont charge for all 12. How does Malcolm record this in QuickBooks?

A As a vendor credit

B As a vendor refund

C As a non-posting entry

D As a partial inventory receipt

Which account balances are transferred to Retained Earnings during the closing process?

A Accounts Receivable

B Liabilities

C Revenues and Expenses

D Assets

There are several valuable reports you can run to evaluate your business performance. Intuit has grouped these reports for easy access in the Management reports tab. Which two reports are grouped in Company Overview?

A Profit and Loss, A/R Aging Detail.

B Profit and Loss, Expenses by Vendor Summary.

C Profit and Loss, Sales by Customer Summary.

D Profit and Loss, Balance Sheet.

Your nonprofit organization has planned its programming for the year based on a projected budget that includes gifts pledged by donors. You need to compare actual figures to those projections. Which QuickBooks report will give you this information?

A Reconciliation report

B Budgets vs. Actuals report

C Budget Overview report

D Profit & Loss report

To modify the content of a sales form, you go to the Account and Settings window and choose the Sales tab. How do you access the Sales form content in order to change your shipping information?

A Click the small pencil icon in the Sales Form Content box.

B Click on the word Shipping.

C Click on Show Product/Service Column on Sales Form

D Click on the Customize Look and Feel button.