QuickBooks Chapter 06 (Latest); Questions and Answers 100% Correct

QuickBooks Chapter 06 (Latest); Questions and
Answers 100% Correct
1. Before completing the work within Chapter 6, check your data with the

following report:


a. December 1 Trial Balance.


b. December 31 Trial Balance.


c. November 30 P&L.


d. November 1 Balance Sheet.


e. None. ✔✔December 1 Trial Balance.


2. The action of sending money in payment of a bill is called a/an:


a. Activity.


b. Transaction.


c. Remittance.


d. General journal entry.


e. None. ✔✔Remittance.


3. After analyzing each source document, record the appropriate

__________________:

, QuickBooks Chapter 06 (Latest); Questions and
Answers 100% Correct
a. Transfer.


b. Transaction.

c. Trial balance.


d. Customized report.


e. None. ✔✔Transaction.


4. Receiving payment from a customer is recorded in the following way:


a. Customers page > select customer > Receive Payment.


b. Create menu (+) > Receive Payment.


c. Receive payment from the Customers page or the Create menu.


d. Gear icon > Account and Settings > Advanced.


e. None. ✔✔Receive payment from the Customers page or the Create menu.


5. Who sends verification of credit card receipts?


a. Customers.


b. Vendors.

c. Clients.