QuickBooks Chapter 2 Questions and
Answers Already Graded A
How are bank charges, which have not been recorded in QBO, classified? ✔✔Bank charges
which have not yet been recorded in QBO are not recognized and are temporarily
classified as Uncategorized Expense.
How are bank deposits, which have not been recorded in QBO, classified?
Select one:
a. Bank deposits which have not yet been recorded in QBO are temporarily classified as To Be
Categorized Income.
b. Bank deposits which have not yet been recorded in QBO are recognized and classified as
Uncategorized Income.
c. Bank deposits which have not yet been recorded in QBO are classified as To Be Categorized
Income.
d. Bank deposits which have not yet been recorded in QBO are not recognized and are
temporarily
classified as Uncategorized Income. ✔✔D
Opening the expense transaction section fo QBO will provide a listing of _____.
, Select one:
a. recent credit card, bills, expenses, checks, and cash transactions.
b. recent credit card, bills, expenses, purchase orders, checks, bill payments, and cash
transactions.
c. recent credit card, expenses, checks, and cash transactions ✔✔B
Opening the sales transaction section of QBO will provide a listing of _____.
Select one:
a. only unbilled activity in the last 30 days.
b. recent sales invoices.
c. recent payments.
d. recent sales invoices and payments. ✔✔D
What lists are available in QBO?
Select one:
a. List options include: products and services, locations, custom form styles, recurring
transactions, terms, and chart of accounts.
b. List options include: payment methods, chart of accounts, recurring transactions, products and
services, terms, and attachments.
Answers Already Graded A
How are bank charges, which have not been recorded in QBO, classified? ✔✔Bank charges
which have not yet been recorded in QBO are not recognized and are temporarily
classified as Uncategorized Expense.
How are bank deposits, which have not been recorded in QBO, classified?
Select one:
a. Bank deposits which have not yet been recorded in QBO are temporarily classified as To Be
Categorized Income.
b. Bank deposits which have not yet been recorded in QBO are recognized and classified as
Uncategorized Income.
c. Bank deposits which have not yet been recorded in QBO are classified as To Be Categorized
Income.
d. Bank deposits which have not yet been recorded in QBO are not recognized and are
temporarily
classified as Uncategorized Income. ✔✔D
Opening the expense transaction section fo QBO will provide a listing of _____.
, Select one:
a. recent credit card, bills, expenses, checks, and cash transactions.
b. recent credit card, bills, expenses, purchase orders, checks, bill payments, and cash
transactions.
c. recent credit card, expenses, checks, and cash transactions ✔✔B
Opening the sales transaction section of QBO will provide a listing of _____.
Select one:
a. only unbilled activity in the last 30 days.
b. recent sales invoices.
c. recent payments.
d. recent sales invoices and payments. ✔✔D
What lists are available in QBO?
Select one:
a. List options include: products and services, locations, custom form styles, recurring
transactions, terms, and chart of accounts.
b. List options include: payment methods, chart of accounts, recurring transactions, products and
services, terms, and attachments.
