Quick books online True or False

1. After adding an inventory item and preparing a purchase order, you will have an Inventory Start Value for the item.

Quick books online Multiple Choice

1. The types of accounts that may be reconciled are .

1. Assets
2. Liabilities
3. Equity
4. All of the above

2. To record depreciation for the month, you complete a(n) .

1. Expense Report
2. Equipment Value Loss Form
3. Journal Entry
4. Depreciation Adjustment Form

3. The report that shows actual amounts and budgeted amounts is .

1. Budget Overview
2. Budget vs. Actuals
3. Company Snapshot
4. Both A and B