Quickbooks Pro Final Exam With Verified Solutions 2024.

What does Accounts Receivable mean? a) These are the total amount of money owed to our vendors from open bills b) These are the invoices that were pre-paid before the product was delivered c) These are accounts used to receive inventory d) It means these are values customers owe us, typically from open invoices e) It's a bank account that only receives deposits f) All of the Above g) None of the Above - Answer D What is the difference between a customer and a job? a) A customer is someone you sell to, and a job is when you get paid a fixed salary b) A job is a project or sub-customer under a customer. It is used to track profitability separately with different projects under the same customer c) A customer is whom you invoice, a job is who invoices you d) Jobs are the expenses you pay. Customers are who pays you. e) There is no difference between a customer and a job - Answer B What are some of the different types of items? a) Income and Expense items b) Itemized deduction and Standard deduction c) Items for sale and items non-for-sale d) Inventory, Non-Inventory, Service, and Other Charges e) Depreciable, Non-Depreciable, Taxable, and Non-Taxable - Answer D