Identify the Step in the Diagnostic Process Where the Technician

question 31

Multiple Choice

Identify the step in the diagnostic process where the technician knows from his training that low tire pressure can cause the vehicle to pull toward the side that is low.

• A) Focused testing
• B) Performing the repair
• C) Verifying the customer's concern
• D) Researching possible faults and gathering information

Identify the role and use of the QBO Check Register in managing banking transactions.

Know the appropriate actions for adjusting the Cash account when bank errors are identified.

Distinguish between recorded and unrecorded charges in bank reconciliations.

Grasp the correct procedures for recording various transactions in QBO, including bank deposits and expenses.

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Definitions:

Journal Entry

An accounting record of a business transaction in the accounting books, including information such as the date of the transaction, amounts, accounts affected, and a brief description.

Petty Cash

A small amount of cash on hand used for minor expenses.

Merchandise Inventory

Refers to the goods a company has on hand for the purpose of resale to customers in the normal course of business.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement, to ensure they are in agreement and to identify any discrepancies.