Question

In: Accounting

1. On a Profit & Loss statement, you wish to show only line items with transactions...

1. On a Profit & Loss statement, you wish to show only line items with transactions for the period. How can you do this?

A. Filter the report for amounts greater than zero.

B. Select the Advanced Option titled Include In Use.

C. Collapse the report to show just parent accounts.

D. Select the Advanced Option titled Display Rows > Active.

2.

You want to see the line “See Accompanying Notes” at the bottom of the Profit & Loss statement. How would you do this in QuickBooks Desktop (without using Microsoft Excel or the QuickBooks Statement Writer)?

A. QuickZoom on the report footer and type the text when prompted.

B. Select the Advanced Option titled Add Standard Accounting Terms.

C. Select the appropriate column under the Display tab of the Modify Report window.

D. Enter the text as the “Extra Footer Line” under the Header/Footer tab of the Modify Report window.

3.

You want to customize a report. Assuming that you are using the reporting capabilities within any editions of QuickBooks Desktop (i.e., not using Excel or QuickBooks Statement Writer), which of the following techniques is possible in QuickBooks?

A. Moving a column.

B. Changing the header names for any row.

C. Changing the header names for any column.

D. Add column that performs calculations based on other columns of the report.

4.

What is the purpose of a Report Group?

A. Processing multiple reports at the same time

B. Memorizing the settings on an individual report

C. Specifying the report basis on all summary reports

D. Allowing you to export memorized reports to different client data files

5. We would like to change a column header in a QuickBooks Desktop report. To do so we…?

A. Go to Customize Report and choose "Header/Footer"

B. Export the report to Excel and change the column header in Excel

C. Right click on the title that you would like to rename and overtype the title

D. Go to the Report Center and choose "Modified Reports" and create your report from the template

Expert Solution

1. The answer is C

On a Profit & Loss statement, you wish to show only line items with transactions for the period

Go to Reports.
Locate and select the Profit and Loss report.
From the Report period drop-down list, select the period required.
Click Run report.

2. The answer is A

QuickZoom refers to the magnifying glass symbol that appears in reports and graphs. When the QuickZoom symbol appears over a number in a report, you can double click it to bring up more detail about that number or item.

3. QuickBooks Desktop allows you to customize any report that you generate. You can customize the data, add or delete columns, add or remove information on the header/footer, and even personalize the font and style of the report.

Run a report.
On the Report window, select the Customize Report.
On the Modify Report window, go to the tab/s you need to update, then select OK when you're done.

4. The answer is C

Specifying the reports basis on all summary reports

5. The answer is C

Click the "Header/Footer" tab. Make changes to the header or footer by clicking in the text area and typing the new information. Select "Left," "Right," "Centered" or "Standard" from the Layout list. Click "OK."

ekkarill92 answered 1 year ago

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