Question 1

A new sales item may be entered when recording a sale on an invoice.

Accepted Answer

A) True 
 B)False  True

Question 2

A sale on account is recorded on a(n)_______ .

Accepted Answer

A) Invoice 
B) Receive Payment 
C) Sales Receipt 
D) Charge Account Receipt 
A) Invoice 
B) Receive Payment 
C) Sales Receipt 
D) Charge Account Receipt A

Question 3

A sale on account means that the sale was paid for at the time of purchase.

Accepted Answer

A) True 
 B)False  False

Question 4

The Customer Balance Detail shows the total of all cash sales for each customer.

Accepted Answer

A) True 
 B)False

Question 5

Cash is the only payment method accepted for a Cash Sale.

Accepted Answer

A) True 
 B)False

Question 6

When a customer on account pays his bill, you record a(n)_______ .

Accepted Answer

A) Sales Receipt 
B) Payment Receipt 
C) Credit Memo 
D) Invoice 
A) Sales Receipt 
B) Payment Receipt 
C) Credit Memo 
D) Invoice

Question 7

When an invoice is________ it is removed from the customer's register.

Accepted Answer

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

Question 8

The types of Product/Service items that can be added include:_______ .

Accepted Answer

A) Non-inventory 
B) Service 
C) Inventory 
D) All of these Product/Service Items can be added 
A) Non-inventory 
B) Service 
C) Inventory 
D) All of these Product/Service Items can be added

Question 9

When a return is made for a Sales Receipt, a_________ is completed.

Accepted Answer

A) Sales Receipt Return 
B) Credit Memo 
C) Refund Receipt 
D) Voided Transaction 
A) Sales Receipt Return 
B) Credit Memo 
C) Refund Receipt 
D) Voided Transaction

Question 10

In QuickBooks Online, invoices replace the Sales Journal.

Accepted Answer

A) True 
 B)False

A new sales item may be entered when recording a sale on an invoice.

A sale on account is recorded on a(n)_______ .

A sale on account means that the sale was paid for at the time of purchase.

The Customer Balance Detail shows the total of all cash sales for each customer.

Cash is the only payment method accepted for a Cash Sale.

When a customer on account pays his bill, you record a(n)_______ .

When an invoice is________ it is removed from the customer's register.

The types of Product/Service items that can be added include:_______ .

When a return is made for a Sales Receipt, a_________ is completed.

In QuickBooks Online, invoices replace the Sales Journal.

Introduction to Quickbooks Online Plus

Create a Company

Payables and Purchases: 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 3: Sales and Receivables: Service Items

A new sales item may be entered when recording a sale on an invoice.

A sale on account is recorded on a(n)_______ .

A sale on account means that the sale was paid for at the time of purchase.

The Customer Balance Detail shows the total of all cash sales for each customer.

Cash is the only payment method accepted for a Cash Sale.

When a customer on account pays his bill, you record a(n)_______ .

When an invoice is________ it is removed from the customer's register.

The types of Product/Service items that can be added include:_______ .

When a return is made for a Sales Receipt, a_________ is completed.

In QuickBooks Online, invoices replace the Sales Journal.

Introduction to Quickbooks Online Plus

Create a Company

Payables and Purchases: 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