Microcomputer Accounting ApplicationsLesson 2



Microcomputer Accounting ApplicationsLesson 2 Customizing QuickBooks and the Chart of AccountsLesson 2 Review QuestionsThe following questions are for your benefit only. They are not submitted for a grade but will be helpful in preparing for exams. The numbers in parentheses indicate the page(s) on which answers can be found.1.You can customize QuickBooks using the Edit, ________________________ menu. (2.6)2.Define the following accounting terms: (2.10-2.13)a.assetb.liabilityc.owner’s equityd.incomee.expense3.What are non-posting accounts? (2.14)4.List and describe the type of “lists” QuickBooks maintains. (2.15)Lesson 2 Review Questions (continued)5.How do you access the Chart of Accounts? (2.16)6.How do you display account numbers in the Chart of Accounts? (2.17-2.18)7.How do you add a new account to the Chart of Accounts? (2.18-2.21)8.Discuss editing the chart of accounts. (2.22)9.Discuss protecting your QuickBooks data. (2.26-2.32)Lesson 2 Review Questions (continued)10.List and describe the four features QuickBooks has to assist in tracking tasks. (2.32-2.33)11.Describe how you would adjust column widths on the chart of accounts. (supplemental handout linked on the Lesson 2A page) ................
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