16. Which of the following is a temporary account: a. Supplies Expense b. Owner\

Question

16. Which of the following is a temporary account: a. Supplies Expense b. Owner's Equity c. Accounts Payable. d. Accounts Receivable. 17. One way to display the account numbers in the Chart of Accounts is to select the following from the Home page: a. Company, Chart of Accounts, Numbers. b. Edit, Preferences, Accounting. c. Banking, Preferences, Numbers. d. Customize QuickBooks, Accounting. 18. To add a new account to the Chart of Accounts: a. From the Chart of Accounts window, right-click, select New. b. From the Chart of Accounts menu, select New Account. c. From the Company menu, select New Account. d. From the Lists menu, select New Account. 19. Non-posting accounts would include: a. Contributions. b. Cost of Goods Sold. d. Computers. 20. To print the Income Statement, you would select: a. Business Services Center, Company & Financial. b. Report Center, Company&Financial.; c. Banking Center, Financial && Budget. d. Company Center, Customers && Receivables. 21·The Check Register: a. Lists all accounts and their account numbers. b. Is located directly on the Company section of the Home page. c. Keeps track of the company purchase orders and vendors. d. Records payments and deposits to the Checking account. 22. All of the following tasks can be completed in the Banking section of the Home page except: a. Write Checks. b. Pay Bills. c. Record Deposits. d. Reconcile Accounts 23. Which of the following icons appear in the Banking section of the Home page? a. Pay Bills. b. Receive Payments c. Write Checks. d. Enter Bills. Page 3 of 10

Explanation / Answer

16.. answer is a.

a. supplies expense

there two types of accounts such permanent and temporary all expenses are temporary accounts all revenues and assets will be permanent accounts

17.. answer is b

b. edit, preferences, accounting

18 answer is a

a.. from the chart of accounts window, right click, select new

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