Exam 11: Service Company

QuickBooks creates a Chart of Accounts for your company based on:

To record receiving a bill for services to be paid at a later time,use the following:

An account's tax line determines where QuickBooks lists the account balances on the:

The following are examples of possible memorized transactions except:

Sales on account are recorded using the ________ window.

Which icon does not appear in the Vendors section for service companies that do not sell inventory?

When customer payments are recorded in the Receive Payments window,QuickBooks records:

Briefly discuss the objectives for QuickBooks closing prior accounting periods.

When closing the accounting period you:

To edit an account in the Chart of Accounts:

When customer payments are received and recorded,QuickBooks reduces the ________ account balance.

Which tax form would you select for a Partnership?

To display account numbers in the Chart of Accounts,select:

Which tax form would you select for a Corporation?

Which tax form would you select for a Subchapter S corporation?

The Customers List contains information about:

Name at least 4 (four)types of transactions that could be entered in QuickBooks for a service company.

To record a sales transaction,use the following:

When setting up a new company,QuickBooks automatically creates:

To create a new company data file in QuickBooks,use the: