The _________ window allows you to combine multiple customer receipts into one or
more bank deposits, to match the actual deposit at the bank which appears on the
bank statement.
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Select for Deposit
You would want to create your inventory items using Stock, Master/Substock, and
Assembly item classes if you want which of the following? (Select all that apply)
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, - Your inventory items will be held 'in stock' as an asset until you sell it.
- You want to track the quantity on hand, unit activity, and profitability of
your items.
- You want to track inventory costs using costing methods.
After completing activity 3.2, the General Journal List a total of ___ transactions.
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13
The system toolbar near the top of the main window gives you quick access to which
of the following functions: (Select all that apply)
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- Changing the System Date
- Changing the Accounting Period
- Hiding the currently open navigation center
- Refreshing the data displayed on the window
To view the checks that have been written you can (select all that apply):
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- Click the "view" button next to check register under recently used vendor
reports (when listed)
- Click "View all Vendor & Purchases Reports" the choose Check Register
, - Click the arrow next to "Write Checks" and select "View Check Register
Report"
Which report displays all of the paychecks for the current accounting period in
journal format? Use this report to verify that your paychecks are being posted to the
correct general ledger accounts.
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Payroll Journal
If you click OK to an Out of Balance situation in the General Ledger Beginning
Balances window, a/an __________________ account is created in the equity section of your
chart of accounts, and the total out-of-balance amount posts to this account.
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Beginning Balance Equity
Changing the Column Heading information on the Aging Categories tab of Vendor
Defaults affects which Accounts Payable report?
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Aged Payables
True or False: If a Phase will be divided into multiple Cost Codes, you should check
the Use Phases box in the Maintain, Job Costs, Cost Codes screen.
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False
Use the _________ to assist you in establishing your sales tax agencies and sales taxes.
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Sales Tax Wizard
Match the following Items with their descriptions related to Assemblies:
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- Item ID - Select an Assembly item to associate with this assembly. This
identifies the assembly in lookup lists and reports.
- Reference - Enter a unique number or code to identify the assembly Build
or Unbuild.
- Build - additional details - When an assembly item is built, the quantity
and value of the assembly item increases, while the quantities and values of
the components decrease.
- Unbuild - When an assembly is unbuilt, the system decreases the quantity
and value of the assembly and increases the quantities and values of the
components.
When an assembly is built, components are taken out of inventory at the cost based
on the ____________ assigned to each item. The assembly item's cost is the sum of each
component's cost.
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more bank deposits, to match the actual deposit at the bank which appears on the
bank statement.
Give this one a try later!
Select for Deposit
You would want to create your inventory items using Stock, Master/Substock, and
Assembly item classes if you want which of the following? (Select all that apply)
Give this one a try later!
, - Your inventory items will be held 'in stock' as an asset until you sell it.
- You want to track the quantity on hand, unit activity, and profitability of
your items.
- You want to track inventory costs using costing methods.
After completing activity 3.2, the General Journal List a total of ___ transactions.
Give this one a try later!
13
The system toolbar near the top of the main window gives you quick access to which
of the following functions: (Select all that apply)
Give this one a try later!
- Changing the System Date
- Changing the Accounting Period
- Hiding the currently open navigation center
- Refreshing the data displayed on the window
To view the checks that have been written you can (select all that apply):
Give this one a try later!
- Click the "view" button next to check register under recently used vendor
reports (when listed)
- Click "View all Vendor & Purchases Reports" the choose Check Register
, - Click the arrow next to "Write Checks" and select "View Check Register
Report"
Which report displays all of the paychecks for the current accounting period in
journal format? Use this report to verify that your paychecks are being posted to the
correct general ledger accounts.
Give this one a try later!
Payroll Journal
If you click OK to an Out of Balance situation in the General Ledger Beginning
Balances window, a/an __________________ account is created in the equity section of your
chart of accounts, and the total out-of-balance amount posts to this account.
Give this one a try later!
Beginning Balance Equity
Changing the Column Heading information on the Aging Categories tab of Vendor
Defaults affects which Accounts Payable report?
Give this one a try later!
Aged Payables
True or False: If a Phase will be divided into multiple Cost Codes, you should check
the Use Phases box in the Maintain, Job Costs, Cost Codes screen.
, Give this one a try later!
False
Use the _________ to assist you in establishing your sales tax agencies and sales taxes.
Give this one a try later!
Sales Tax Wizard
Match the following Items with their descriptions related to Assemblies:
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- Item ID - Select an Assembly item to associate with this assembly. This
identifies the assembly in lookup lists and reports.
- Reference - Enter a unique number or code to identify the assembly Build
or Unbuild.
- Build - additional details - When an assembly item is built, the quantity
and value of the assembly item increases, while the quantities and values of
the components decrease.
- Unbuild - When an assembly is unbuilt, the system decreases the quantity
and value of the assembly and increases the quantities and values of the
components.
When an assembly is built, components are taken out of inventory at the cost based
on the ____________ assigned to each item. The assembly item's cost is the sum of each
component's cost.
Give this one a try later!
