Need help with questions 5-14

Self-Assessment Check your knowledge of this chapter's key concepts and skills using the Self-Assessment in your ebook or eLab course. 1. Always set your QuickBooks start date to be the first day you start your business. True False 2. The normal balance of an income account is a debit balance. True False 3. By default, liabilities are listed first in the Chart of Accounts. True False 4. Preferences control the way you interact with the QuickBooks program. True False True False 5. Create a separate QuickBooks company file for each tax return you file. 6. The Report Center lets you see what a report will look like without having to produce it. True False 7. The QuickBooks Ecosystem is comprised of free apps for you to use. True False 8. You can create multiple users and give each user different access rights. True False True False True False 9. Passwords are required in QuickBooks. 10. Subaccounts are always displayed on a report. 11. Which account has a credit normal balance? A. Auto Loan B. Accounts Receivable C. Checking D. Rent Expense 12. What can you NOT do when the company file is in multi-user mode? A. Enter an invoice B. Change company preferences C. Enter a new customer D. Enter a bill from a vendor 13. Which of these is NOT a customer and vendor profile list? A. Chart of Accounts B. Sales Rep List C. Terms List D. Ship Via List 14. Which of these is an asset account? A. Checking B. Accounts Payable C. Sales D. Credit Card