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CH1-11. Student Name: True/False (1 Point) CH1-01. You can enter transactions directly into a QBB file. (Bonus) True False Which of the following statements is not true? (Bonus) A. You can create a working (QBW) file from a backup (-QBB) file. B. Backup files can be used to repair working files. C. You must restore your backup file to your working file each time you open QuickBooks. D. Backup files can be saved. CH1-12. CH1-02. QuickBooks will not allow you to delete an account with activity. True False A company file (QBW) can be opened A. By clicking File on the main menu bar and selecting Open or Restore Company B. By clicking Open or Restore an Existing Company in the No Company Open window. C. Only by restoring a backup file D. Using either a orb CH1-03. The same transaction type is used for entering cash sales and entering sales on account. True False CH1-13. CH2-04. More than one item can be linked to the same general ledger account. True False Backups files have the extension A. OBB B. QBW C. OBW BU D. BACKUP CH2-05. CH1-14. The Customer Name, not the Company Name, always appears in the address box on invoices or sales receipts. True False Which of the following activities is found in the Vendors section of the Home page? A. Create Invoices B. Enter bills C. Items & Services D. Check Register CH2-06. CH1-15. You can change the account debited when a bank deposit is recorded on the Make Deposit form. True False What account type would you use when setting up an Inventory account in a merchandising company? A. Inventory B. Other asset C. Other current asset D. Merchandise Inventory CH3-07. Early payment discounts can only be added to date driven type payment terms. True False CH1-16. account type. CH3-08. Partial payments of vendor bills can be recorded in QuickBooks. True False Cash should be set up as a(n) A. Current asset B. Bank C. Other asset D. Asset CH4-09. You can undo the most recent bank reconciliation if needed. True False CH1-17. Which of the following is not a list in QuickBooks? A. Item List B. Chart of Accounts C. Transaction List D. Payroll Item List CH4-10. The transaction type of adjusting journal entries is Adjustments True False

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