Multiple Choice
What is difference between a Sales Receipt and an Invoice?
A) Sales Receipts include cash sales and credit card sales;Invoices are used to record customer sales that are paid for later.
B) Sales Receipts are used for customer sales on account;Invoices are used for cash sales and credit card sales.
C) Sales Receipts and Invoices use the same QB Online selection -- Bills.
D) Sales Receipts and Invoices use the same selection as vendor payments on account - Pay Bills.
E) None of these.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Vendor terms are Net 60.
Q9: The Accounts Payable Aging report shows that
Q10: In QBO, tracking inventory is automatically done.
Q11: To edit an account, go to Recent
Q12: Do not delete a check if the
Q14: When inventory is purchased, Account 115 Merchandise
Q15: Vendor purchases on account are recorded on
Q16: Use this source document for issuing checks:<br>A)Invoice.<br>B)Sales
Q17: Sales on account to customers are recorded
Q18: QB Online tracks Accounts Receivable (A/R)by entering