following questions: (2 points each) 1. What are the differences between ITEMS and ACCOUNTS? 2. What are the two primary Reports in QuickBooks (financial statements)? 3. What is the difference between accrual and cash basis? 4. What is the difference between Entering a Bill (and Bill Payment) and writing a check? 5. What is the Undeposited Funds Account? 6. What are the steps to take to accept a customers payment and record it in the bank? 7. What do you look for when analyzing financial report. What is a Sub-Account? And why would you use it? 8. What does the collapse and expand button do on standard reports? 9. What is the difference between Profit and Loss Report and the Balance Sheet Report? 10. How do you get QuickBooks financial reports to excel? And why would you do that? 11. When reconciling a bank account, where does the value of the Beginning Balance come from? Where does the Ending Balance come? 12. What is the purpose of reconciling the bank account? What are you supposed to do with the transactions that did not reconcile? 13. What is the difference between Cost of Goods Sold and Operating Expenses? 14. How do you program QuickBooks to repeat a recurring transaction? 15. What are Classes in QuickBooks and how would you use them? 16. What Report or Function allows you to view transactions that were changed, modified, or deleted after bank reconciliation has been done? 17. How would you fix a customer deposit that was entered as income straight into the register, but then you realized that the invoice belonging to that deposit to still shows an open balance? 18. What financial reports should you prepare at the end of the year in order to prepare for tax preparation or other types of financial reporting? 19. What is the difference between a Custom Summary Report and a Custom Transaction Detail Report? 20. What is the purpose of using a Sales Order, instead of an Invoice? 21. You are setting up a QuickBooks file from scratch for a company that has been open for many years, how do you handle opening balances of assets and liabilities? How should you enter A/R or A/P opening balances? 22. What are the most important QuickBooks tips for a beginner and to speed up the work? 23. What are the most important accounting topics to learn and have in mind in order to understand the work being performed in QuickBooks? 24. Can you access QBO online anywhere? 25. QBO is easy to use, what are your thoughts and learnings