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6. Which icon do you use to customize your account? A. B. Q C. (?) D. 7. On the Account and Settings screen, use the
6. Which icon do you use to customize your account? A. B. Q C. (?) D. 7. On the Account and Settings screen, use the tab to include account numbers in your Chart of Accounts. A. Company B. Sales C. Expenses D. Advanced 8. What stores information about your accounts, products, and services? A. Lists B. It depends on the subscription level. C. Gear menu D. The center 9. What is the basic accounting equation? A. Accrual = Cash Liabilities B. Assets = Liabilities + Equity C. Liabilities = Equity Assets D. Liabilities = Equity + Cash 10. Match each QuickBooks subscription type with the business it's best suited for. \begin{tabular}{ll} \multicolumn{3}{l}{ SUBSCRIPTIONS } & \\ A. Simple Start & \\ B. Essentials & \\ C. Plus & \\ D. Advanced & \end{tabular} BUSINESSES 1. Needs recurring invoices or accounts 2. Has inventory with FIFO valuation 3. Has more than 250 accounts 4. Cash-based service business 11. Why are GAAP rules and standards important? A. They are the foundation of QuickBooks. B. They keep the accounting equation balanced. C. They ensure organizations follow consistent financial reporting. D. They prevent a company from going bankrupt
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