Question 1

Receiving payment from a customer is recorded in the following way:

Accepted Answer

A) Customers page > select customer > Receive Payment. 
B) Create menu (+)> Receive Payment. 
C) Receive payment from the Customers page or the Create menu. 
D) Gear icon > Account and Settings > Advanced. 
E) None of these. 
A) Customers page > select customer > Receive Payment. 
B) Create menu (+)> Receive Payment. 
C) Receive payment from the Customers page or the Create menu. 
D) Gear icon > Account and Settings > Advanced. 
E) None of these. C

Question 2

When displaying the journal, it doesn't matter if the current year is shown for each transaction.

Accepted Answer

A) True 
 B)False  False

Question 3

One computer is sold for:

Accepted Answer

A) $500.00. 
B) $1,000.00. 
C) $900.00. 
D) $450.00. 
E) None of these. 
A) $500.00. 
B) $1,000.00. 
C) $900.00. 
D) $450.00. 
E) None of these. B

Question 4

Sales receipts and remittances work together.

Accepted Answer

A) True 
 B)False

Question 5

The Transaction Register in Chapter 6 lists deposits.

Accepted Answer

A) True 
 B)False

Question 6

The documents shown trigger transaction analysis for vendors, inventory, customers, cash and credit card sales.

Accepted Answer

A) True 
 B)False

Question 7

At the end of Chapter 6, the Transaction Detail by Account report is displayed from December 2 to December 31.

Accepted Answer

A) True 
 B)False

Question 8

The vendor Conf/Call purchases Webinars.

Accepted Answer

A) True 
 B)False

Question 9

To see the Sales Tax Liability Report's Total, type the date range.

Accepted Answer

A) True 
 B)False

Question 10

On the Sales Receipts page, select the appropriate credit card name.

Accepted Answer

A) True 
 B)False

Question 11

In QBO, how are Credit Card Sales identified?

Accepted Answer

A) QBO defaults to Credit Card Sales. 
B) As a vendor. 
C) As a customer. 
D) None. 
E) All of these. 
A) QBO defaults to Credit Card Sales. 
B) As a vendor. 
C) As a customer. 
D) None. 
E) All of these.

Question 12

The action of sending money in payment of a bill is called a/an:

Accepted Answer

A) Activity. 
B) Transaction. 
C) Remittance. 
D) General journal entry. 
E) None of these. 
A) Activity. 
B) Transaction. 
C) Remittance. 
D) General journal entry. 
E) None of these.

Question 13

After analyzing each source document, record the appropriate __________:

Accepted Answer

A) Transfer. 
B) Transaction. 
C) Trial balance. 
D) Customized report. 
E) None of these. 
A) Transfer. 
B) Transaction. 
C) Trial balance. 
D) Customized report. 
E) None of these.

Question 14

In Chapter 6, one of the customers is the Law Office of Williamson, Gallagher, and Katz.

Accepted Answer

A) True 
 B)False

Question 15

For Credit Card Sales, what selections are made?

Accepted Answer

A) Create menu (+)> Sales Receipts. 
B) Create menu (+)> Credit Card Credit. 
C) Gear > Account and Settings > Advanced. 
D) Gear > Manage Users. 
E) None of these. 
A) Create menu (+)> Sales Receipts. 
B) Create menu (+)> Credit Card Credit. 
C) Gear > Account and Settings > Advanced. 
D) Gear > Manage Users. 
E) None of these.

Question 16

The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).

Accepted Answer

A) True 
 B)False

Question 17

When one Network product is sold, the rate is:

Accepted Answer

A) $30.00. 
B) $50.00. 
C) $150.00. 
D) $300.00 
E) None of these. 
A) $30.00. 
B) $50.00. 
C) $150.00. 
D) $300.00 
E) None of these.

Question 18

Who sends verification of credit card receipts?

Accepted Answer

A) Customers. 
B) Vendors. 
C) Clients. 
D) Bank. 
E) None of these. 
A) Customers. 
B) Vendors. 
C) Clients. 
D) Bank. 
E) None of these.

Question 19

Before completing the work within Chapter 6, check your data with the following report:

Accepted Answer

A) December 1 Trial Balance. 
B) December 31 Trial Balance. 
C) November 30 P&L. 
D) November 1 Balance Sheet. 
E) None of these. 
A) December 1 Trial Balance. 
B) December 31 Trial Balance. 
C) November 30 P&L. 
D) November 1 Balance Sheet. 
E) None of these.

Question 20

Identify the vendor who purchases Web servers.

Accepted Answer

A) eBiz. 
B) Any Time Deployment. 
C) CloudZ Channel. 
D) Computers 2 You. 
E) None of these. 
A) eBiz. 
B) Any Time Deployment. 
C) CloudZ Channel. 
D) Computers 2 You. 
E) None of these.

Receiving payment from a customer is recorded in the following way:

When displaying the journal, it doesn't matter if the current year is shown for each transaction.

One computer is sold for:

Sales receipts and remittances work together.

The Transaction Register in Chapter 6 lists deposits.

The documents shown trigger transaction analysis for vendors, inventory, customers, cash and credit card sales.

At the end of Chapter 6, the Transaction Detail by Account report is displayed from December 2 to December 31.

The vendor Conf/Call purchases Webinars.

To see the Sales Tax Liability Report's Total, type the date range.

On the Sales Receipts page, select the appropriate credit card name.

In QBO, how are Credit Card Sales identified?

The action of sending money in payment of a bill is called a/an:

After analyzing each source document, record the appropriate __________:

In Chapter 6, one of the customers is the Law Office of Williamson, Gallagher, and Katz.

For Credit Card Sales, what selections are made?

The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).

When one Network product is sold, the rate is:

Who sends verification of credit card receipts?

Before completing the work within Chapter 6, check your data with the following report:

Identify the vendor who purchases Web servers.

Quickbooks Online Test-Drive

New Company Setup and the Chart of Accounts

Beginning Balances and October Transaction Register

Vendors and Inventory

Customers and Sales

Analysis and Reportsend of Fourth Quarter and Year

January Source Documents

February Source Documents

March Source Documents and End of First Quarter

Employees and Payroll

Certification, Customize Reports, Qb Labs, Mobile App and Updates

Filters

Exam 6: December Source Documents

Receiving payment from a customer is recorded in the following way:

When displaying the journal, it doesn't matter if the current year is shown for each transaction.

One computer is sold for:

Sales receipts and remittances work together.

The Transaction Register in Chapter 6 lists deposits.

The documents shown trigger transaction analysis for vendors, inventory, customers, cash and credit card sales.

At the end of Chapter 6, the Transaction Detail by Account report is displayed from December 2 to December 31.

The vendor Conf/Call purchases Webinars.

To see the Sales Tax Liability Report's Total, type the date range.

On the Sales Receipts page, select the appropriate credit card name.

In QBO, how are Credit Card Sales identified?

The action of sending money in payment of a bill is called a/an:

After analyzing each source document, record the appropriate __________:

In Chapter 6, one of the customers is the Law Office of Williamson, Gallagher, and Katz.

For Credit Card Sales, what selections are made?

The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).

When one Network product is sold, the rate is:

Who sends verification of credit card receipts?

Before completing the work within Chapter 6, check your data with the following report:

Identify the vendor who purchases Web servers.

Quickbooks Online Test-Drive

New Company Setup and the Chart of Accounts

Beginning Balances and October Transaction Register

Vendors and Inventory

Customers and Sales

Analysis and Reportsend of Fourth Quarter and Year

January Source Documents

February Source Documents

March Source Documents and End of First Quarter

Employees and Payroll

Certification, Customize Reports, Qb Labs, Mobile App and Updates

Filters