Question 1

A missing check report lists any duplicate check numbers or gaps between check numbers.

Accepted Answer

A) True 
 B)False  True

Question 2

When entering several bills at once on the Enter Bills screen, you click_________ to go to the next blank bill.

Accepted Answer

Save & New

Question 3

A bill is divided into two sections.They are the_______and the _____sections.

Accepted Answer

Vendor-Related ,Detail

Question 4

Payment for expenses using petty cash are recorde____ .

Accepted Answer

A) as a Bill Payment 
B) in the Cash account 
C) in the Petty Cash Register 
D) all the above 
A) as a Bill Payment 
B) in the Cash account 
C) in the Petty Cash Register 
D) all the above

Question 5

When a correction for a transaction is made, QuickBooks Desktop not only makes changes on the form used to record the transaction; it also changes all journal and account entries for the transaction to reflect the correction.

Accepted Answer

A) True 
 B)False

Question 6

Bills may be paid when they are received or when they are due.

Accepted Answer

A) True 
 B)False

Question 7

To permanently remove the Date Prepared, Time Prepared, and Report Basis from the heading of all reports you____ .

Accepted Answer

A) change the Report Preferences 
B) modify the Header on the individual report 
C) it cannot be removed 
D) once you remove it from a report header, it never shows up again 
A) change the Report Preferences 
B) modify the Header on the individual report 
C) it cannot be removed 
D) once you remove it from a report header, it never shows up again

Question 8

As soon as a bill is received,_____ .

Accepted Answer

A) a check is written but it is not printed until the bill is due 
B) it is entered as a bill 
C) you record a General Journal entry for the bill 
D) QuickBooks Desktop deducts the amount due from the checking account 
A) a check is written but it is not printed until the bill is due 
B) it is entered as a bill 
C) you record a General Journal entry for the bill 
D) QuickBooks Desktop deducts the amount due from the checking account

Question 9

A Vendor Balance Summary report shows each transaction for a vendor.

Accepted Answer

A) True 
 B)False

Question 10

A correction to a bill that has been recorded can be made on the bill or_____ .

Accepted Answer

A) on the check 
B) on the Accounts Payable Graph 
C) in the Accounts Payable Register 
D) none of the above 
A) on the check 
B) on the Accounts Payable Graph 
C) in the Accounts Payable Register 
D) none of the above

Question 11

Pay Bills is used to record a business purchase at a store where a company check was written by hand.

Accepted Answer

A) True 
 B)False

Question 12

If a bill is recorded in the Enter Bills window, it is should be paid by_____ .

Accepted Answer

A) writing a check 
B) using the Pay Bills window 
C) using petty cash 
D) allowing QuickBooks Desktop to generate the check automatically five days before the due date 
A) writing a check 
B) using the Pay Bills window 
C) using petty cash 
D) allowing QuickBooks Desktop to generate the check automatically five days before the due date

Question 13

An A/P Aging Summary report summarizes purchases by item.

Accepted Answer

A) True 
 B)False

Question 14

If a check has been edited, it cannot be printed.

Accepted Answer

A) True 
 B)False

Question 15

______allow(s) you to make a closer observation of transaction details and/or amounts.

Accepted Answer

A) Graphs 
B) QuickZoom 
C) Invoices 
D) The Balance Sheet 
A) Graphs 
B) QuickZoom 
C) Invoices 
D) The Balance Sheet

Question 16

A new vendor may be added "on the fly."

Accepted Answer

A) True 
 B)False

Question 17

The ____Report contains the customes and the balances owed.

Accepted Answer

A) Customer Balance Summary 
B) Customer Detail Summary 
C) Customer Summary 
D) Accounts Receivable Detail 
A) Customer Balance Summary 
B) Customer Detail Summary 
C) Customer Summary 
D) Accounts Receivable Detail

Question 18

Credit memos are prepared to record a reduction to a transaction.

Accepted Answer

A) True 
 B)False

Question 19

A QuickBooks Desktop register_____ .

Accepted Answer

A) is prepared for every balance sheet account 
B) contains records of all activity for an account 
C) can be used to record transactions 
D) all the above 
A) is prepared for every balance sheet account 
B) contains records of all activity for an account 
C) can be used to record transactions 
D) all the above

Question 20

When you______ a bill the amount is changed to 0.00.

Accepted Answer

The answer of When you______ a bill the amount is...

A missing check report lists any duplicate check numbers or gaps between check numbers.

When entering several bills at once on the Enter Bills screen, you click_________ to go to the next blank bill.

A bill is divided into two sections.They are the___and the _sections.

Payment for expenses using petty cash are recorde____ .

When a correction for a transaction is made, QuickBooks Desktop not only makes changes on the form used to record the transaction; it also changes all journal and account entries for the transaction to reflect the correction.

Bills may be paid when they are received or when they are due.

To permanently remove the Date Prepared, Time Prepared, and Report Basis from the heading of all reports you____ .

As soon as a bill is received,_____ .

A Vendor Balance Summary report shows each transaction for a vendor.

A correction to a bill that has been recorded can be made on the bill or_____ .

Pay Bills is used to record a business purchase at a store where a company check was written by hand.

If a bill is recorded in the Enter Bills window, it is should be paid by_____ .

An A/P Aging Summary report summarizes purchases by item.

If a check has been edited, it cannot be printed.

______allow(s) you to make a closer observation of transaction details and/or amounts.

A new vendor may be added "on the fly."

The ____Report contains the customes and the balances owed.

Credit memos are prepared to record a reduction to a transaction.

A QuickBooks Desktop register_____ .

When you______ a bill the amount is changed to 0.00.

Introduction to Quickbooks 2018 and Company Files

Sales and Receivables: Service Business

General Accounting and End-Of- Period Procedures: Service Business

Sales and Receivables: Merchandising Business

Payables and Purchases: Merchandising Business

General Accounting and End-Of-Period Procedures: Merchandising Business

Payroll

Creating a Company in Quickbooks

Desktop Accounting System: Features and Functionality Overview

Filters

Exam 3: Payables and Purchases: Service Business

A missing check report lists any duplicate check numbers or gaps between check numbers.

When entering several bills at once on the Enter Bills screen, you click_________ to go to the next blank bill.

A bill is divided into two sections.They are the_______and the _____sections.

Payment for expenses using petty cash are recorde____ .

When a correction for a transaction is made, QuickBooks Desktop not only makes changes on the form used to record the transaction; it also changes all journal and account entries for the transaction to reflect the correction.

Bills may be paid when they are received or when they are due.

To permanently remove the Date Prepared, Time Prepared, and Report Basis from the heading of all reports you____ .

As soon as a bill is received,_____ .

A Vendor Balance Summary report shows each transaction for a vendor.

A correction to a bill that has been recorded can be made on the bill or_____ .

Pay Bills is used to record a business purchase at a store where a company check was written by hand.

If a bill is recorded in the Enter Bills window, it is should be paid by_____ .

An A/P Aging Summary report summarizes purchases by item.

If a check has been edited, it cannot be printed.

______allow(s) you to make a closer observation of transaction details and/or amounts.

A new vendor may be added "on the fly."

The ____Report contains the customes and the balances owed.

Credit memos are prepared to record a reduction to a transaction.

A QuickBooks Desktop register_____ .

When you______ a bill the amount is changed to 0.00.

Introduction to Quickbooks 2018 and Company Files

Sales and Receivables: Service Business

General Accounting and End-Of- Period Procedures: Service Business

Sales and Receivables: Merchandising Business

Payables and Purchases: Merchandising Business

General Accounting and End-Of-Period Procedures: Merchandising Business

Payroll

Creating a Company in Quickbooks

Desktop Accounting System: Features and Functionality Overview

Filters

A bill is divided into two sections.They are the___and the _sections.