QUICKBOOKS EXAM REVIEW
Which report allows you to view unpaid invoices by customer? correct
answersOpen invoice report
You are receiving multiple payments from various customers and want to
deposit them as a group. What account do you use when posting the
payments? correct answersUndeposited funds
What is a sales receipt? correct answersTwo-step
process already happened
What is an invoice? correct answersThree-step
process later collection
Which report identifies our top customer by sales? correct answersSales by
customer summary
Which report identifies our top selling products for services? correct
answersSales by product/service summary
Which option we used to set reminders to re-order items? correct
answersRe-order points
Which report would you use to complete a physical inventory
count? correct answersPhysical inventory worksheet
Which report would you use to track the history of an item? correct
answersInventory valuation detail
Where would you go to complete an inventory adjustment? correct
answers+new inventory quantity adjustment
gear
products and
services
adjustment
quantity
Which account category is used when adjusting inventory? correct
answersInventory shrinkage
You plan on reconciling your checking account, what information will you
need to get started? correct answersStatement ending balance & date
Which report allows you to view unpaid invoices by customer? correct
answersOpen invoice report
You are receiving multiple payments from various customers and want to
deposit them as a group. What account do you use when posting the
payments? correct answersUndeposited funds
What is a sales receipt? correct answersTwo-step
process already happened
What is an invoice? correct answersThree-step
process later collection
Which report identifies our top customer by sales? correct answersSales by
customer summary
Which report identifies our top selling products for services? correct
answersSales by product/service summary
Which option we used to set reminders to re-order items? correct
answersRe-order points
Which report would you use to complete a physical inventory
count? correct answersPhysical inventory worksheet
Which report would you use to track the history of an item? correct
answersInventory valuation detail
Where would you go to complete an inventory adjustment? correct
answers+new inventory quantity adjustment
gear
products and
services
adjustment
quantity
Which account category is used when adjusting inventory? correct
answersInventory shrinkage
You plan on reconciling your checking account, what information will you
need to get started? correct answersStatement ending balance & date
