Deck 4: Focus on Payables When Providing Services

Question 1

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

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

Answer 1

B

Question 2

An Expense transaction is recorded for Petty Cash purchases.

Answer 2

True

Question 3

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

A)Refund Check
B)Bill
C)Vendor Credit
D)Expense Transaction

Answer 3

C

Question 4

Petty Cash is funded by .

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

Question 5

All checks are written using Pay Bills.

Question 6

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

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

Question 7

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

A)Bill
B)Pay Bills
C)Vendor Credit
D)Any of the above

Question 8

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

Question 9

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

Question 10

The Vendor Balance Summary report shows unpaid balances for vendors.