Question 1

The Bill Payment List displays a list of all of the bills paid during a specified date range.

Accepted Answer

A) True 
 B)False  True

Question 2

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 3

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 D

Question 4

To purchase a printer and pay for it at the same time, you create a bill.

Accepted Answer

A) True 
 B)False

Question 5

All checks are written using Pay Bills.

Accepted Answer

A) True 
 B)False

Question 6

An Expense transaction is recorded for Petty Cash purchases.

Accepted Answer

A) True 
 B)False

Question 7

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 8

You may view the audit history for a transaction in view.

Accepted Answer

A) Collapsed 
B) Expanded 
C) Compare 
D) All of the above 
A) Collapsed 
B) Expanded 
C) Compare 
D) All of the above

Question 9

When you create a check to pay for a Bill that was recorded as a Bill, you .

Accepted Answer

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

Question 10

The Vendor Balance Summary report shows unpaid balances for vendors.

Accepted Answer

A) True 
 B)False

The Bill Payment List displays a list of all of the bills paid during a specified date range.

is prepared to record a reduction to an unpaid transaction between your company and a vendor.

Petty Cash is funded by .

To purchase a printer and pay for it at the same time, you create a bill.

All checks are written using Pay Bills.

An Expense transaction is recorded for Petty Cash purchases.

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

You may view the audit history for a transaction in view.

When you create a check to pay for a Bill that was recorded as a Bill, you .

The Vendor Balance Summary report shows unpaid balances for vendors.

An Introduction to Quickbooks Online and Applying for the Educational Trial Version of Quickbooks Online

Create a Company in Quickbooks Online and Activate the Educational Trial Version of Quickbooks Online

Focus on Receivables When Providing Services

End-Of-Period Procedures Including Adjusting Entries, Owner Withdrawals and Investments, and Closing Entries

Focus on Receivables When Selling Inventory Items, Use Locations and Classes, Accept Credit Cards for Customer Payments, Collect Sales Tax, Give Customer Sales Discounts, and Record Nsf Checks

Focus on Payables When Purchasing and Paying for Inventory Items, Prepare Purchase Orders, Use a Company Credit Card, Record Purchase and Merchandise Discounts, Make Sales Tax Payments

End-Of-Period Procedures, Make Inventory Adjustments, Prepare Budgets, and Record Closing Entries

Payroll

Payment Methods, Inventory, Reports, and More

Filters

Exam 4: Focus on Payables When Providing Services

The Bill Payment List displays a list of all of the bills paid during a specified date range.

is prepared to record a reduction to an unpaid transaction between your company and a vendor.

Petty Cash is funded by .

To purchase a printer and pay for it at the same time, you create a bill.

All checks are written using Pay Bills.

An Expense transaction is recorded for Petty Cash purchases.

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

You may view the audit history for a transaction in view.

When you create a check to pay for a Bill that was recorded as a Bill, you .

The Vendor Balance Summary report shows unpaid balances for vendors.

An Introduction to Quickbooks Online and Applying for the Educational Trial Version of Quickbooks Online

Create a Company in Quickbooks Online and Activate the Educational Trial Version of Quickbooks Online

Focus on Receivables When Providing Services

End-Of-Period Procedures Including Adjusting Entries, Owner Withdrawals and Investments, and Closing Entries

Focus on Receivables When Selling Inventory Items, Use Locations and Classes, Accept Credit Cards for Customer Payments, Collect Sales Tax, Give Customer Sales Discounts, and Record Nsf Checks

Focus on Payables When Purchasing and Paying for Inventory Items, Prepare Purchase Orders, Use a Company Credit Card, Record Purchase and Merchandise Discounts, Make Sales Tax Payments

End-Of-Period Procedures, Make Inventory Adjustments, Prepare Budgets, and Record Closing Entries

Payroll

Payment Methods, Inventory, Reports, and More

Filters