1* 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

2*Quickbooks:

a-You can only register transactions that affect the cash account

b-You do not need the debit and credit entries for the entries in the journal as you can generate the entries for yourself

c-Use Vendors to keep track of Accounts Payable

3* 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-Do nothing, since the financial statements are prepared automatically

4* 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

5* 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-Details of each number on each day in a presentation format such as Power Point

6* 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