Quiz 9: Creating a Company in Quickbooks



Statement : " The assets account used for inventory sales items is " Answer : Inventory Asset. Justification : Inventory asset tracks the " current value" of inventory item. This account is automatically created by QuickBooks , when the user sets up first inventory item.

Statement: "Send Forms preferences contain default text for business documents sent by _____. " Answer: (B) E-mail Justification: The business documents sent through email have default text in Send Forms Preferences.