Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

these questions are based on quick books pls help. A memorized transaction 0 can be set up for automatic entry or can be set up

image text in transcribedimage text in transcribedimage text in transcribed

these questions are based on quick books pls help.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
A memorized transaction 0 can be set up for automatic entry or can be set up on a reminder list. 0 can only be created at the beginning of the fiscal year. Q can be added to a reminder list but cannot be set up for automatic entry. 0 must be set up for automatic entry. When budgeting, estimates might be based on: 0 industry statistics 0 projections of sales growth 0 past experience 0 any of the above Question 33 (2 points] When a memorized report is accessed, the report dates will automatically change to the current period. Question 16 (1 point] All accounts are automatically closed to Retained Earnings by QuickBooks at the end of each fiscal year. Question 17 (1 point] The detaiied start method of creating a new company uses the EasyStep interview process to set up a company file. Question 18 (1 point] A basic chart of accounts can be set up as part of the EasyStep interview process. Question 21 (2 points) If payroll is processed manually in QuickBooks O QuickBooks will calculate gross pay but will not calculate tax with holdings. 0 all payroll transactions are entered through journal entries. 0 QuickBooks will calculate gross pay and employer payroll taxes (federal and state) but will not calculate employee tax withholdings. O QuickBooks will calculate gross pay and federal withholdings but will not calculate state withholdings. Question 22 (2 points] Information about employees including contact information and payroll information is maintained in 0 Employee Center 0 Payroll List 0 Payroll Center 0 Vendor Center

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting What the Numbers Mean

Authors: David Marshall, Wayne McManus, Daniel Viele

12th edition

007802529X, 1259969525, 978-1260565492

More Books

Students also viewed these Accounting questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago