Indicate whether the general ledger accounts will be debited or credited when recording the following entries: Settle the telephone account of R 250 Bank: DEBIT Bank: CREDIT
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Indicate whether the general ledger accounts will be debited or credited when recording the following entries:
Settle the telephone account of R 250
Bank: DEBIT
Bank: CREDIT
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- A document that asks you to return an identifying part of it with your payment is a(n) ________. A. source document B. cloud document C. point-of-sale document D. turn-around documentMa1. 1. Where can you enable account numbers for the chart of accounts? Multiple choice question A. The Enable account numbers slider from the Chart of Accounts screen B. The Advanced tab in Account and Settings C. The Customization option from Accountant Tools D. The Chart of accounts tab in Account and Settings 2. A client messaged you saying that there might be something wrong with the bank feed of their checking account. What would be the first thing to do to see if the bank feed will refresh? Multiple choice question A. Select the Troubleshoot button from the Advanced tab of Account and Settings B. Select the Pencil icon on the Checking account tile and select Contact bank C. Select the Update button in the Banking center D. Select the Pencil icon on the Checking account tile and select Troubleshoot 3. Which report would you use to show the least popular products? Multiple choice question A. Sales by Product/Service Summary B. Product/Service List…What is the relationship between an account and item? What is the Chart of Accounts? What happens if you click on the Home icon? Which transactions in QuickBooks are considered Non-posting? How do you record a payment from a client that is paying multiple invoices? How does the “Enter Bills & Pay Bills” feature differ from the “write check” feature? How do you determine if a check has been reconciled in QuickBooks? How do you export QuickBooks Reports into excel? How do you switch to Multi-User Mode? What is the purpose of having a Single-User Mode? How does Accrual Basis of Accounting differ from Cash Basis? If you want to modify the account or name filters within a specific report you have open, where do you click? What is the keyboard shortcut for the date to jump to “Today’s” Date? What account(s) does an Inventory item post to when it’s purchased? What about when it’s sold? What account(s) does an Inventory item post to when it’s sold? What are some of the different types of…
- Transactions related to revenue and cash receipts completed by Sterling Engineering Services during the period June 2-30 are as follows: June 2. Issued Invoice No. 717 to Yee Co., $1,430. 3. Received cash from Auto-Flex Co. for the balance owed on its account. 7. Issued Invoice No. 718 to Cooper Development Co., $670. 10. Issued Invoice No. 719 to Ridge Communities, $2,840. Post revenue and collections to the accounts receivable subsidiary ledger. 14. Received cash from Cooper Development Co. for the balance owed on June 1. 16. Issued Invoice No. 720 to Cooper Development Co., $400. Post revenue and collections to the accounts receivable subsidiary ledger. 18. Received cash from Yee Co. for the balance due on invoice of June 2. 20. Received cash from Cooper Development Co. for invoice of June 7. 23. Issued Invoice No. 721 to Auto-Flex Co., $860. 30. Received cash from fees earned, $4,520. 30. Received office equipment of $1,800 in partial settlement of balance due on the Ridge…In the Payments Journal window, invoices being paid will display the: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to sele a b с d Number of items sold on the invoice. The transaction due date. Credit terms. All of the above.Which of the following types of transactions can be uploaded into QBO using the Receipt action. Select all that apply. Select one or more: a. Credit card receipts b. Bills c. Checks d. Invoices e. Deposits
- The credit memoranda creates a(n) __ in the accounts receivable file of a customer. A. note decline (B) Transfer (C) D. Intensify.When matching bank or credit card downloaded transactions to a transaction already recorded in QuickBooks Online, what are the possible actions that appear in the Action column?Which common workflow error can cause duplicate expenses in QuickBooks Online? -Create a purchase order to record vendor expense and copy to bill to pay vendor later for the same expense -Create a bill to record a vendor expense, and use Pay Bills to pay the vendor for the same expense -Create a bill to record a vendor expense, and create a check to the vendor for the same expense -Create a bank rule to automatically categorize a common vendor expense
- Can you help me with these practice question with quickbooks please To begin connecting bank accounts from the Dashboard, which tab would you start with? A. The Business Overview tab B. Link Accounts C. REview Transactions D. Categorize You are reviewing downloaded bank and credit card transactions. Which action is NOT true: A. ADD - records the transaction in your register B. MATCH - records the transaction in your register C. SPLIT - allows you to choose more than one category for a transaction D. VIEW - shows you the transactions that are possible matches1. When would you choose to give a refund after creating a Credit Memo? 2. When would you choose to retain an available credit after creating a Credit Memo?Morgan had net sales of $1,041,105 and average accounts receivable of $157,000. Its competitor, Stanley, had net sales of $1,090,600 and average accounts receivable of $142,100. (a) Calculate the accounts receivable turnover for both companies. (b) Which company is doing a better job of managing its accounts receivables? Complete this question by entering your answers in the tabs below. Required A Required B Compute accounts receivable turnover for both companies. Morgan Stanley Choose Numerator: 1 1 1 Accounts Receivable Turnover Choose Denominator: = = Accounts Receivable Turnover Accounts receivable turnover times times
