QUESTION 26

1. There are several different types of reports available for you in QuickBooks Online. The basic reports types are the following:

a.

Transaction Reports, List Reports, Accountant Reports, Financial Reports

b.

Financial Reports, General Reports, List Reports, Accountant Reports

c.

Transaction Reports, List Reports, Summary Reports, Detail Reports

d.

Accountant Reports, List Reports, Tax Reports, Detail Reports

QUESTION 27

1. The profit and loss report provides you with your business' performance in any specific period of time. This report is also known as an income statement. It summarizes your income and expenses for the month or year (or any period), so you can tell whether you're operating at a profit or a loss.

True

False

QUESTION 28

1. The Reports Centre is divided into three tabs. The tabs are located at the top of the Reports Centre. The tabs include are

a.

Standard, Accountant Reports, Management Reports

b.

Custom Report, Management Reports, Accountant Reports

c.

Management Reports, Custom Reports, Quick Reports

d.

Standard, Custom Report, Management Report

QUESTION 29

1. Which of the following would not show up on a "Goods and Services / Harmonized Sales Tax Return"?

a.

Installment and other annual filer payments.

b.

Adjust Quantity/Value of inventory on hand

c.

Adjustments (Sales)

d.

Input tax credits (ITCs)

QUESTION 30

1. Once you turn on the multiple currency preference, you cannot turn it off. You can no longer change your home currency.

True

False