this is for quickbooks so answwr the questions regarding quick books please

Question 5 To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client Overview tab for a potential client. You notice that there is a large amount in the Opening Balance Equity account. Which 2 reasons could be causing this balance? An opening balance was entered when creating a new Other Current Asset account Transactions in the Banking Center were added without assigning an account to them A reconciliation adjustment was posted when completing a bank reconciliation An opening balance has entered when setting up sales tax An opening balance was entered when an inventory item was created Question 1 Which 2 features in QuickBooks Online can help a professional services company track profitability by client? Customer statements Profit and Loss by Customer report Recurring transactions Price rules Projects Question 7 Which 3 are benefits of using apps with QuickBooks Online? They can solve industry-specific needs They can help to speed up the performance of QuickBooks Online They can reduce time spent on data entry They can provide additional insight into various parts of a business 4 They can provide a discount on QuickBooks Online They are all included free with your QuickBooks Online subscription Previous Next Question 8 Where are 2 places you can search for apps that work with QuickBooks Online? www.apps.com The Apps tab in QuickBooks Online Accountant www.intuit-apps.com Account and Settings > Apps The ProAdvisor tab in QuickBooks Online Accountant www.quickbooks-apps.com Previous Next Benefits Training Question 11 Which 4 statements regarding the chart of accounts are true? If you add a new account, the detail type determines on which financial statement this account will show You should make an account inactive from the chart of accounts if it is not relevant to your business Uncategorized Income and Uncategorized Expense are default accounts for online banking activity To add a new account, open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window When you specify a sales price/rate when setting up Products and Services, you link them to the chart of accounts The Sales of Product Income account is a default account when inventory is turned on Benefits Training 13 of 1/ questions answered Question 14 Where would you navigate within QuickBooks Online to show product/service column on sales forms? Gear icon > Account and Settings > Sales > Products and services O Gear icon > Account and Settings > Sales > Sales form content > Products and services Gear icon > Products and services > Find > Check box to show on form Gear icon > Settings > Sales > Products and services Previous Leave Exam Next Benefits Training Question 15 In QuickBooks Online, the Products and Services list contains the items that will appear on your client's purchase and sales transactions. What must each product/service item be mapped to? Class Preferred vendor Product category O Chart of accounts Previous Question 17 Timothy would like to add another term to the current list of terms within QuickBooks Online. Where would he go to add the additional term? Gear > All lists > Terms > New O Gear > Account and settings > Sales Terms > New Gear > Products and services > More > Teams > New O Gear > Payments > Terms > New