QUICK-BOOKS-CHAPTER #3 PRACTICE
EXAM QUESTIONS AND ANSWERS
Which of the following is a true statement? - Answer-QuickBooks automatically updates
any related reports with information about customer transactions
To process transactions and organize data for reporting, QuickBooks establishes
specific general ledger accounts as default accounts in each activity window. Which one
of the following accounts is a system default account for a customer? - Answer-
Accounts Receivable
The Receive Payments window - Answer-is designed only for collection of invoices
previously recorded in the Create Invoice window.
he collection of all customer files comprises the - Answer-Customer Center
n the Receive Payments window, the default accounts are - Answer-Accounts
Receivable and Cash or Undeposited Funds.
Which statement is true? - Answer-A transaction entered in the Enter Sales Receipts
window will not be tracked through the Accounts Receivable or Customer reports.
The customer file contains these parts: - Answer-Name page, Address Info tab,
Payment Settings tab, and Sales Tax Settings tab.
Tracking customer transactions should be completed in which order? - Answer-update
Customer Center, enter invoices, receive payments, generate reports
When a customer pays an invoice, the company enters this transaction in the - Answer-
Receive payments window
Which of the following is not a customer Activity? - Answer-writing checks
The transaction numbers assigned by QuickBooks in the general journal - Answer-
cannot be changed
When payment for merchandise is received immediately, it is called - Answer-a cash
sale
Customer activities in quickbooks use - Answer-Create Invoices, Receive Payments,
Enter Sales Receipts windows.
When a company creates an invoice for goods or services, the invoice is recorded in the
- Answer-Create invoices window
EXAM QUESTIONS AND ANSWERS
Which of the following is a true statement? - Answer-QuickBooks automatically updates
any related reports with information about customer transactions
To process transactions and organize data for reporting, QuickBooks establishes
specific general ledger accounts as default accounts in each activity window. Which one
of the following accounts is a system default account for a customer? - Answer-
Accounts Receivable
The Receive Payments window - Answer-is designed only for collection of invoices
previously recorded in the Create Invoice window.
he collection of all customer files comprises the - Answer-Customer Center
n the Receive Payments window, the default accounts are - Answer-Accounts
Receivable and Cash or Undeposited Funds.
Which statement is true? - Answer-A transaction entered in the Enter Sales Receipts
window will not be tracked through the Accounts Receivable or Customer reports.
The customer file contains these parts: - Answer-Name page, Address Info tab,
Payment Settings tab, and Sales Tax Settings tab.
Tracking customer transactions should be completed in which order? - Answer-update
Customer Center, enter invoices, receive payments, generate reports
When a customer pays an invoice, the company enters this transaction in the - Answer-
Receive payments window
Which of the following is not a customer Activity? - Answer-writing checks
The transaction numbers assigned by QuickBooks in the general journal - Answer-
cannot be changed
When payment for merchandise is received immediately, it is called - Answer-a cash
sale
Customer activities in quickbooks use - Answer-Create Invoices, Receive Payments,
Enter Sales Receipts windows.
When a company creates an invoice for goods or services, the invoice is recorded in the
- Answer-Create invoices window
