Question 1

A(n)______is prepared to record a reduction to an unpaid transaction between your company and a vendor.

Accepted Answer

A) Refund Check 
B) Bill 
C) Vendor Credit 
D) Expense Transaction 
A) Refund Check 
B) Bill 
C) Vendor Credit 
D) Expense Transaction C

Question 2

When you write a check to pay for a Bill that has not been recorded as a Bill, you_____ .

Accepted Answer

A) Write a Check in QuickBooks Online 
B) Use Pay Bills 
C) Use a credit card 
D) Any of the above 
A) Write a Check in QuickBooks Online 
B) Use Pay Bills 
C) Use a credit card 
D) Any of the above A

Question 3

The Vendor Balance Summary report shows unpaid balances for vendors.

Accepted Answer

A) True 
 B)False  True

Question 4

Petty Cash is funded by_______ .

Accepted Answer

A) Writing a check in QuickBooks and cashing it at the bank 
B) Making a withdrawal from checking at the bank and recording a Transfer of Funds 
C) Entering a balance when creating the Petty Cash account 
D) Either A or B 
A) Writing a check in QuickBooks and cashing it at the bank 
B) Making a withdrawal from checking at the bank and recording a Transfer of Funds 
C) Entering a balance when creating the Petty Cash account 
D) Either A or B

Question 5

After clicking the Plus icon, the Vendors column is used to select__________ .

Accepted Answer

A) Bill 
B) Pay Bills 
C) Vendor Credit 
D) Any of the above 
A) Bill 
B) Pay Bills 
C) Vendor Credit 
D) Any of the above

Question 6

The Bill Payment List shows all the checks written to pay bills.

Accepted Answer

A) True 
 B)False

Question 7

Once printed, a check cannot be edited.

Accepted Answer

A) True 
 B)False

Question 8

All checks are written using Pay Bills.

Accepted Answer

A) True 
 B)False

Question 9

An Expense transaction that is not recorded with a bill or by writing a check, is recorded using Petty Cash or a credit card.

Accepted Answer

A) True 
 B)False

Question 10

A_______ bill is removed from transaction records.

Accepted Answer

A) Deleted 
B) Voided 
C) Cancelled 
D) Paid 
A) Deleted 
B) Voided 
C) Cancelled 
D) Paid

A(n)______is prepared to record a reduction to an unpaid transaction between your company and a vendor.

When you write a check to pay for a Bill that has not been recorded as a Bill, you_____ .

The Vendor Balance Summary report shows unpaid balances for vendors.

Petty Cash is funded by_______ .

After clicking the Plus icon, the Vendors column is used to select__________ .

The Bill Payment List shows all the checks written to pay bills.

Once printed, a check cannot be edited.

All checks are written using Pay Bills.

An Expense transaction that is not recorded with a bill or by writing a check, is recorded using Petty Cash or a credit card.

A_______ bill is removed from transaction records.

Introduction to Quickbooks Online Plus

Create a Company

Sales and Receivables: Service Items

General Accounting and End-Of-Period Procedures

Sales and Receivables: Productsinventory and Service Items, Sales Tax, and Discounts

Payables and Purchases: Inventory, Bills, Payments, and Discounts

General Accounting, Inventory Adjustments, Pay Sales Taxes, Budgets, and End-Of-Period Procedures

Payroll

Accounting and Business Management FAQs

Filters

Exam 4: Payables and Purchases: Service Items

A(n)______is prepared to record a reduction to an unpaid transaction between your company and a vendor.

When you write a check to pay for a Bill that has not been recorded as a Bill, you_____ .

The Vendor Balance Summary report shows unpaid balances for vendors.

Petty Cash is funded by_______ .

After clicking the Plus icon, the Vendors column is used to select__________ .

The Bill Payment List shows all the checks written to pay bills.

Once printed, a check cannot be edited.

All checks are written using Pay Bills.

An Expense transaction that is not recorded with a bill or by writing a check, is recorded using Petty Cash or a credit card.

A_______ bill is removed from transaction records.

Introduction to Quickbooks Online Plus

Create a Company

Sales and Receivables: Service Items

General Accounting and End-Of-Period Procedures

Sales and Receivables: Productsinventory and Service Items, Sales Tax, and Discounts

Payables and Purchases: Inventory, Bills, Payments, and Discounts

General Accounting, Inventory Adjustments, Pay Sales Taxes, Budgets, and End-Of-Period Procedures

Payroll

Accounting and Business Management FAQs

Filters