1* One company paid $ 1,700 for office supplies. What is the best way to register this transaction using Quickbooks?

a-An entry in the journal

b-One adjustment input

c-In the check register

d-Directly in the Income Statement

2* Rowan Inc. has an employee who earns a salary of $ 2,000 per pay period. FICA and Social Security taxes are 6.2% and FICA Medicare taxes are 1.45% of your gross salary. What additional information is needed to pay the employee using accounting software?

a-Hours worked

b-The information contained in Form W-4

c-Pay rate per hour

d-All of the above

3* The following are examples of source (source) documents that can be used to enter transactions in the Quickbooks, with the exception of:

a-Purchase order

b-Balance sheet

c-Bank Statement

d-Sale ticket

4* When a company prepares closing entries, that:

a-Returns to zero balance only in assets and liabilities accounts at the end of the accounting period

b-Returns to zero balance; Only the accounts of the Income Statement at the end of the accounting period

c-Back to the balance of zero only the assets, liabilities and capital accounts at the end of the accounting period

d-Back to the balance of zero only the accounts of income, expenses and retirement accounts at the end of the accounting period

5* Quickbooks can be used for the following operations with the exception of: a-Determine the net pay due to the employee b-Determine which accounts are included in the chart of accounts c-Prepare a bank reconciliation Prepare Depreciation Adjustment Entries 6* Quickbooks: a-You can only register transactions that affect the cash account b-Creates Financial Statements based on data that has been entered into these statements c-You do not need the debit and credit entries for the entries in the journal as you can generate the entries for yourself d-Use Vendors to keep track of Accounts Payable
7* The reimbursement in the petty cash account is $ 358. What is the best way to register this transaction using Quickbooks? a-An entry in the journal b-One adjustment input c-Directly within the Balance Sheet d-Check Register 8* When using Quickbooks at the end of the year to prepare the financial statements, you must: a-Prepare the Cash Flow Statement. First to transfer the final balance of Balance Sheet Cash into a journal entry b-Prepare the Income Statement first to transfer the net income to the Balance Sheet in a journal entry c-Prepare the Balance Sheet first to transfer the total capital to the cash flow statement in a journal entry d-Do nothing, since the financial statements are prepared automatically 9* When using QuickBooks at the end of the year to prepare the adjustment inputs, you shoud: a-Prepare the Balance Sheet and then prepare a test balance to adjust prepaid and non-accrued accounts b-Prepare the inputs just as you would in a normal system c-Preparing the Income Statement, first to transfer Net Income to the Balance Sheet in a journal entry, the rest of the entries are made automatically d-Do nothing, since the adjustment inputs are performed automatically 10* When the financial information is presented to the board of directors, it is better to provide a-A list of increases and decreases in accounts in excess of $ 10,000 b-A summary of the data and details about these when required c-An access to the database as well as the information prepared using the accounting software, so that the data are compared for accuracy d-Details of each number on each day in a presentation format such as Power Point 11* When presenting financial information to banks and creditors, it is better to provide: a-All financial information for the last 10 years b-Detail of cash transactions c-Only information that will be guaranteed for the loan to be approved d-Relevant financial information