🎁BACK-TO-SCHOOL DEAL. Subscribe Now to get 40% OFF at only 8.49 USD/month, only valid until Sep 30th, 2024

Question

Austin needs a summary of all general ledger accounts classified as fixed asserts. Which QuickBooks report would be most useful?

Asked By WhisperingSkyline26 at

Answered By Expert

Russell

Expert ¡ 1.0k answers ¡ 1k people helped

Sign in to see the answer

Solution By Steps

Step 1: Identify Fixed Assets

Fixed assets are long-term tangible assets that are used in the production of income and are not intended for sale. Examples include buildings, machinery, vehicles, and equipment.

Step 2: Locate General Ledger Accounts

In QuickBooks, general ledger accounts related to fixed assets are typically categorized under the “Fixed Assets” account type.

Step 3: Generate a Report

To obtain a summary of all general ledger accounts classified as fixed assets in QuickBooks, the most useful report would be the “Fixed Asset Listing” report.

Final Answer

The “Fixed Asset Listing” report in QuickBooks would be the most useful for obtaining a summary of all general ledger accounts classified as fixed assets. This report provides a comprehensive overview of fixed asset accounts, aiding in tracking and managing these long-term assets effectively.

🧑‍🏫 More Questions

Read the excerpt from Act I, scene i of Romeo and Juliet. Tybalt: Whatl art thou drawn among these heartless hinds? Turn thee, Benvolio, look upon thy death. Benvolio: I do but keep the peace: put up thy sword, Or manage it to part these men with me. Tybalt: What! drawn, and talk of peace? I hate the word, As I hate hell, all Montagues, and thee. Have at thee, coward! [They fight.] Based on this dialogue, which word best describes Tybalt? thoughtful aggressive careful disloyal 01:47:28 21 12 3 3 E 01:47:28 인

Trina is trying to decide which lunch combination to order at a sandwich shop: $4,5,6$, or 7. Each combination comes with the choice of an apple, an orange, or a pear. How many possible outcomes are there for a lunch combination and a plece of frult? Type the answer in the box. $\square$

Question No. 5 Which of these statements is correct? ChatGPT is a natural language processing tool driven by Al technology ChatGPT is not a natural language processing tool driven by Al technology ChatGPT is not an Al model. It just answers pre-configured questions. All are correct

What is the height, $x$, of the equilateral triangle? A. 8 in. B. $8 \sqrt{3}$ in. C. 4 in. D. $4 \sqrt{3}$ in.

hcn polar or non polar and atom closest to negative side