Matthew Schweizer week 4 review

Matthew Schweizer week 4 review - in QuickBooks. b False 5...

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Matthew Schweizer Acc255 Lesson 4: Working with bank accounts Review questions What does the ending balance in a QuickBooks bank account register represent? All transactions entered in the register, including checks that haven’t yet been printed What preference allows you to have QuickBooks prefill the amount from the previous transaction with a payee? Automatically recall last transaction for this name What preference allows you to have QuickBooks prefill the expense account from previous transactions with a vendor? Prefill accounts for vendor based on past transactions True or false: All income and expense accounts have a register associated with them
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Unformatted text preview: in QuickBooks. b False 5 _____Reconciling__ is the process of making sure that your checking account record matches the banks record. 6 How can you determine whether or not a check has been cleared in QuickBooks? c All of the above 7 True or false: If you are tracking bills with Accounts Payable and have already entered a bill, you should pay the bill by writing a check from the Write Checks window. b False L E S O N 4 8 Which of the following might affect a bank account reconciliation? d Both a and c 9 When would you not want to use the Write Checks window when paying bills? g a, b, and d...
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Matthew Schweizer week 4 review - in QuickBooks. b False 5...

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