NUR 254 FINAL EXAM LATEST WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+

NUR 254 FINAL EXAM LATEST WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+

A sales on account means that the sale was paid for at the time of purchase. -
ANSWERFalse

The Customer Balance Summary shows the balances for all customers who owe the
company money. - ANSWERFalse

Cash is the only payment method accepted for a Cash Sale. - ANSWERFalse

A sale on account is recorded on a(n)_________.
A. Invoice
B. Receive Payment
C. Sales Receipt
D. Charge Account Receipt - ANSWERA. Invoice

The current date is always printed on ______.
A. Customer Balance Detail
B. Bank Deposit Summary
C. Transaction List
D. Journal - ANSWERB. Bank Deposit Summary

When a return is made for a Sales Receipt, a _________ is completed.
A. Sales Receipt Return
B. Credit Memo
C. Refund Receipt
D. Voided Transaction - ANSWERC. Refund Receipt
When using Quickbooks online your data is saved in the cloud. - ANSWERTrue

The Gear icon may be used to access Lists in Quickbooks Online. - ANSWERTrue

In a computerized accounting program, you must record Brought Forward Balances to
close the books. - ANSWERFalse

You must turn on Payroll in order to access the Payroll Tax Center - ANSWERTrue

,You click the Recent Transactions icon to search for a specific invoice. - ANSWERFalse

Quickbooks Online Plus uses the_______ method of inventory valuation.
A. FIFO
B. Average Cost
C. Declining Balance
D. Accelerated Use - ANSWERA. FIFO

The Top-Navigation Bar and the Left-Navigation or Alternate Left-Navigation Bars are
shown on the_______.
A. Dashboard
B. Money Bar
C. Activities Page
D. Home Page - ANSWERD. Home Page

To access a blank invoice, you click the _____ icon.
A. Gear
B. Create (Plus)
C. Customers
D. Forms - ANSWERB. Create (Plus)

In order to customize information shown in the Vendors List, you click the ______ icon.
A. Show
B. Settings
C. New Vendor
D. Edit - ANSWERD. Edit

You may apply for the Educational Version of Quickbooks Online Plus using your
________.
A. Student Email
B. A Gmail account established for the program
C. Either of the above
D. None of the above - ANSWERA. Student Email

A registered Educational Trial Version of Quickbooks Online is usable for 30 days. -
ANSWERFalse
, all opening balances are entered automatically for Assets and Liabilities -
ANSWERFalse

You must provide a valid email address when activating Quickbooks Online. -
ANSWERTrue

Opening balances are imported for Customers and Vendors. - ANSWERTrue

When purging a company file, you have 30 days after program activation to do so. -
ANSWERFalse

, It is better to add _______ accounts rather than import them.
A. Fixed Assets
B. Retained Earnings
C. Income
D. Long-Term Liabilities - ANSWERA. Fixed Assets

You may import company data from ___________
A. Excel files
B. Quickbooks Desktop Company File
C. Word Files
D. Either A or B. - ANSWERD. Either A or B?

Which tab in the customer's account do you click in order to add Terms?
A. Tax Info
B. Notes
C. Payment and Billing
D. Address - ANSWERC. Payment and Billing

To erase all information entered by QuickBooks during the activation of QBO, you
________ all information.
A. Edit
B. Purge
C. Transfer
D. Import - ANSWERB. Purge

Where do you get the Excel data files for importing company information?
A. Download from Pearson's website
B. Create Excel files yourself
C. Create excel files from Quickbooks Desktop
D. None of the above - ANSWERA. Download from Pearson's website

In Quickbooks Online, the Accounts Receivable register replaces the Sales Journal. -
ANSWERFalse

A new sales item may be entered when recording a sale on an invoice. - ANSWERTrue

When importing accounts
When a customer on account pays his bill you record a(n) _________.
A. Sales Receipt
B. Payment Receipt
C. Credit Memo
D. Invoice - ANSWERB. Payment Receipt

When an invoice is ______ it is removed from the customer's register.
A. Voided