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1 | |
All of the following are ways that a customer can pay for goods or services except: |
| | A) | Credit card sales |
| | B) | Cash sale |
| | C) | Credit sale |
| | D) | Invoice sale |
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2 | |
Which one of the following is not displayed in the Customer: Job List window? |
| | A) | Notes about the job |
| | B) | The job status |
| | C) | The estimate total |
| | D) | The charts of accounts |
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3 | |
Items and Services in QuickBooks: |
| | A) | List all goods and services provided by a company |
| | B) | List all customer information such as addresses and payment terms |
| | C) | List all accounts used in the company |
| | D) | List customer charges and payments |
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4 | |
The three steps in recording a credit sale are: |
| | A) | Prepare purchase invoice, enter bill received, and record cash payment |
| | B) | Prepare customer invoice, record payment received, and record bank deposit |
| | C) | Prepare bank deposit, record the payment received, and send the invoice |
| | D) | Collect the cash received, create a sales receipt, and record the bank deposit |
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5 | |
Which one of the following activities is not associated with the Customer Navigator? |
| | A) | Finance Charges |
| | B) | Enter Bills |
| | C) | Statements |
| | D) | Refunds and Credits |
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6 | |
Credit sales occur when a company provides goods and services to customers and in exchange receives: |
| | A) | a certified check from the customer |
| | B) | a notes payable from the customer |
| | C) | a promise that the customer will pay later |
| | D) | an invoice from the customer |
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7 | |
Accounts Receivable Reports can be accessed from the: |
| | A) | Deposit icon in the Customer Navigator |
| | B) | Enter Bills icon in the Vendor Navigator |
| | C) | Company Information icon or the File menu |
| | D) | Customer Center icon or the Reports menu |
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8 | |
When a credit sale is recorded on an invoice, QuickBooks records a: |
| | A) | credit (increase) to owner's contribution |
| | B) | debit (increase) to cash |
| | C) | debit (increase) to accounts receivable |
| | D) | credit (increase) to accounts payable |
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9 | |
The sequence of steps to display the Job Profitability Summary Report are: |
| | A) | Select Customer Center, Activities, and then Job Profitability Summary Report |
| | B) | Select Vendor Center, Vendor Receipts, and then Job Profitability Summary Report |
| | C) | Select Banking, Customer Jobs Report, and then Customer Profitability Summary Report |
| | D) | Select Collection Center, Collections Report, and then Collection Profitability Summary Report |
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10 | |
Which one of the following is not a way to access a customer report in QuickBooks? |
| | A) | Report Finder |
| | B) | Customer Center |
| | C) | Company Information |
| | D) | Report Menu |
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