MGRADES EXAMS
Gmetrix domain 2 UPDATED ACTUAL
Exam Questions and CORRECT Answers
What statements about inventory products are true? Choose two answers - CORRECT
ANSWER - -inventory Products will not be recorded on the balance sheet until they have
been sold.
-inventory products are tracked as assets on the balance sheet
What information can be customized in the email form? Choose three answers. - CORRECT
ANSWER - -subject lines and greetings
-colors and font
-layout
Jerry just sold some art supplies to a customer. The customer paid and left with their supplies,
and now Jerry must record the transaction. What form should he use? - CORRECT
ANSWER - -sales receipt
Jill needs to make a bank deposit to move a payment receipt from fishbowl Tampa from the
undeposited funds account to her checking account. Jill wants to get $100 cash back and deposit
the remaining $50. Arrange the steps Jill should take to make a bank deposit in the correct order.
- CORRECT ANSWER - 1. Select new
2. Select bank deposit
3. Select the Fish World Tampa checkbox
4. Enter 100.00 in the cash back amount field
5. Select save and close
Dave is creating an invoice to send to fish world and would like the payment to be due in 30
days. Which terms should Dave select before sending the invoice? - CORRECT
ANSWER - -Net 30
Gmetrix domain 2 UPDATED ACTUAL
Exam Questions and CORRECT Answers
What statements about inventory products are true? Choose two answers - CORRECT
ANSWER - -inventory Products will not be recorded on the balance sheet until they have
been sold.
-inventory products are tracked as assets on the balance sheet
What information can be customized in the email form? Choose three answers. - CORRECT
ANSWER - -subject lines and greetings
-colors and font
-layout
Jerry just sold some art supplies to a customer. The customer paid and left with their supplies,
and now Jerry must record the transaction. What form should he use? - CORRECT
ANSWER - -sales receipt
Jill needs to make a bank deposit to move a payment receipt from fishbowl Tampa from the
undeposited funds account to her checking account. Jill wants to get $100 cash back and deposit
the remaining $50. Arrange the steps Jill should take to make a bank deposit in the correct order.
- CORRECT ANSWER - 1. Select new
2. Select bank deposit
3. Select the Fish World Tampa checkbox
4. Enter 100.00 in the cash back amount field
5. Select save and close
Dave is creating an invoice to send to fish world and would like the payment to be due in 30
days. Which terms should Dave select before sending the invoice? - CORRECT
ANSWER - -Net 30
