QuickBooks Chapter 2 Test Latest Update Graded A+

QuickBooks Chapter 2 Test Latest
Update Graded A+
Subitems do NOT affect the accounting behind the scenes ✔✔True




To edit an existing transaction in QuickBooks, you void it and the re-create it ✔✔False




Lists in QuickBooks are used for storing your list of accounts ✔✔False




You CANNOT add information to a customer entry; you must enter the information into a job

✔✔False




You CANNOT edit a customer record after it has been created ✔✔False




You CANNOT merge more than two customer names at one time ✔✔True




Non-inventory items are tracked in the Cost of Goods account ✔✔True

, Use a sales graph to display your sales by item, customer, or rep. ✔✔True




What type of information can the Search feature help you find? ✔✔List Entries




Before you can add something to an invoice, it must be created as a(n): ✔✔Item




What must you specify when creating an invoice? ✔✔Customer




Carlos has many customers in his company file and it's getting difficult for him to navigate

through them all. He wants to clean up his list of customers by removing those he's pretty sure

won't be coming in again. How can Carlos do this? ✔✔He can mark the unwanted customers as

inactive




What happens behind the scenes if you don't use the Receive Payments window to record a

payment on an invoice? ✔✔Income will be overstated and Accounts Receivable will not be

cleared out




To remove a transaction and still retain a record of it, use the ____ command ✔✔Void