Quickbook Question:

What options (tabs) do you have to change a report when you click Modify Report?
a. Display
b. Filters
c. Header/Footer and Fonts & Numbers
d. All of the above

Answer:

d. All of the above

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When reconciling your bank account in QuickBooks, what must the beginning balance match?
a. The beginning balance should always equal the net amount of all uncleared bank transactions.
b. It should always match the opening balance on the paper bank statement.
c. It should always match the original account opening balance when the account was created.
d. The beginning balance should always be zero.

What is equity?
a. What you own in the business
b. Assets minus (-) liabilities
c. What you owe to others in the business
d. Assets plus (+) liabilities