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Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers 100% Pass RATED A+ 2023|2024
QuickBooks Chapter 5 Questions and 
Answers 100% Pass 
Before adding customers, check quickbooks: 
A) vendors 
B) inventory 
C) accounts and settings 
D) products and services list C) accounts and settings 
The customer page includes the: 
A)Adding a new customer. 
B)Customer list. 
C)Create invoice. 
D)Export to Excel. 
E)All. E)All 
When cash sales are recorded, use: 
A)Invoice. 
B)Bill. 
C)Customer payment. 
D)Sales Receipt. 
E)None. D)Sales Receipt 
What customers owe your business is known ...
Exam (elaborations)
QuickBooks Chapter 5 ALREADY Graded A+ 2023|2024 UPDATE
PopularQuickBooks Chapter 5 (2022/2023) 
Graded A+ 
Describe the process for increasing or decreasing the width of a column in the listing of bills to 
pay. 
Select one: 
a. Click and hold your mouse between two columns and drag to the left to decrease the width of 
a 
column and drag to the right to increase the width of a column. 
b. Hover your mouse over the column to see a menu with the options to increase or decrease the 
width of the column. 
c. None of these options. a 
Describe the steps to cre...
Package deal
QuickBook Chapter 1 - 5
This is a collection of quickbook exams from chapter to five all with verified answers.
Exam (elaborations)
QuickBooks Chapter 5 (2022/2023) Graded A+
Describe the process for increasing or decreasing the width of a column in the listing of bills to 
pay. 
Select one: 
a. Click and hold your mouse between two columns and drag to the left to decrease the width of 
a 
column and drag to the right to increase the width of a column. 
b. Hover your mouse over the column to see a menu with the options to increase or decrease the 
width of the column. 
c. None of these options. a 
Describe the steps to create a new product from within a purchase orde...
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Passed with 100%
In the perpetual inventory system, the inventory quantity and values are updated after each 
purchase and sale of inventory items 
This report shows all purchase information for each inventory item, including vendor name, cost 
per unit, quantity purchased, and total cost. Purchases by Item Detail 
In the periodic inventory system, separate records __________ maintained for inventory items, 
and the inventory account __________ adjusted for purchases and sales. are not; is not 
In addition to th...
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Already Graded A
If a return is made after an invoice has been paid in full, a refund check is issued along with a 
credit memo. True 
QuickBooks automatically applies a payment received to the most 
current invoice. False 
Sales tax will be calculated automatically on an invoice if a 
customer is marked taxable. True 
A new sales item may be added only at the beginning of a period. False 
Items on a Sales Order are immediately removed from inventory. False 
Report formats may be customized. True
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers 100% Pass
Before adding customers, check quickbooks: 
A) vendors 
B) inventory 
C) accounts and settings 
D) products and services list C) accounts and settings 
The customer page includes the: 
A)Adding a new customer. 
B)Customer list. 
C)Create invoice. 
D)Export to Excel. 
E)All. E)All 
When cash sales are recorded, use:
Exam (elaborations)
QuickBooks Chapter 5 (2023/2024) Graded A+
Describe the process for increasing or decreasing the width of a column in the listing of bills to 
pay. 
Select one: 
a. Click and hold your mouse between two columns and drag to the left to decrease the width of 
a 
column and drag to the right to increase the width of a column. 
b. Hover your mouse over the column to see a menu with the options to increase or decrease the 
width of the column. 
c. None of these options. a 
Describe the steps to create a new product from within a purchase o...
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Passed with 100% (23/24)
In the perpetual inventory system, the inventory quantity and values are updated after each 
purchase and sale of inventory items 
This report shows all purchase information for each inventory item, including vendor name, cost 
per unit, quantity purchased, and total cost. Purchases by Item Detail 
In the periodic inventory system, separate records __________ maintained for inventory items, 
and the inventory account __________ adjusted for purchases and sales. are not; is not 
In addition to...
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Already Graded A+(23/24)
If a return is made after an invoice has been paid in full, a refund check is issued along with a 
credit memo. True 
QuickBooks automatically applies a payment received to the most 
current invoice. False 
Sales tax will be calculated automatically on an invoice if a 
customer is marked taxable. True 
A new sales item may be added only at the beginning of a period. False 
Items on a Sales Order are immediately removed from inventory. False 
Report formats may be customized. True
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers 100% Pass(23/24)
Before adding customers, check quickbooks: 
A) vendors 
B) inventory 
C) accounts and settings 
D) products and services list C) accounts and settings 
The customer page includes the: 
A)Adding a new customer. 
B)Customer list. 
C)Create invoice. 
D)Export to Excel. 
E)All. E)All 
When cash sales are recorded, use: 
A)Invoice. 
B)Bill. 
C)Customer payment. 
D)Sales Receipt. 
E)None. D)Sales Receipt 
What customers owe your business is known as: 
A)Accounts payable. 
B)Invoices. 
C)Accounts re...
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers 100% Pass
Before adding customers, check quickbooks: 
A) vendors 
B) inventory 
C) accounts and settings 
D) products and services list 
C) accounts and settings 
 
The customer page includes the: 
A)Adding a new customer. 
B)Customer list. 
C)Create invoice. 
D)Export to Excel. 
E)All. 
E)All 
 
When cash sales are recorded, use: 
A)Invoice. 
B)Bill. 
C)Customer payment. 
D)Sales Receipt. 
E)None. 
D)Sales Receipt
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Already Graded A
If a return is made after an invoice has been paid in full, a refund check is issued along with a credit memo. True 
 
QuickBooks automatically applies a payment received to the most 
current invoice. False 
 
Sales tax will be calculated automatically on an invoice if a customer is marked taxable. True
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Passed with 100%
In the perpetual inventory system, the inventory quantity and values are updated after each purchase and sale of inventory items 
 
This report shows all purchase information for each inventory item, including vendor name, cost per unit, quantity purchased, and total cost. Purchases by Item Detail 
 
In the periodic inventory system, separate records __________ maintained for inventory items, and the inventory account __________ adjusted for purchases and sales. are not; is not
Exam (elaborations)
QuickBooks Chapter 5 (2023/2024) Graded A+
Describe the process for increasing or decreasing the width of a column in the listing of bills to pay. 
Select one: 
a. Click and hold your mouse between two columns and drag to the left to decrease the width of a column and drag to the right to increase the width of a column. 
b. Hover your mouse over the column to see a menu with the options to increase or decrease the width of the column. 
c. None of these options. 
a 
 
Describe the steps to create a new product from within a purchase orde...
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Passed with 100% 2023|2024 UPDATE
QuickBooks Chapter 5 Questions and 
Answers Passed with 100% 
In the perpetual inventory system, the inventory quantity and values are updated after each 
purchase and sale of inventory items 
This report shows all purchase information for each inventory item, including vendor name, cost 
per unit, quantity purchased, and total cost. Purchases by Item Detail 
In the periodic inventory system, separate records __________ maintained for inventory items, 
and the inventory account __________ adjust...
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Already Graded A+ 2023|2024
QuickBooks Chapter 5 Questions and 
Answers Already Graded A 
If a return is made after an invoice has been paid in full, a refund check is issued along with a 
credit memo. True 
QuickBooks automatically applies a payment received to the most 
current invoice. False 
Sales tax will be calculated automatically on an invoice if a 
customer is marked taxable. True 
A new sales item may be added only at the beginning of a period. False 
Items on a Sales Order are immediately removed from inventory....
Exam (elaborations)
QuickBooks Chapter 5 (2022/2023) Graded A+
Describe the process for increasing or decreasing the width of a column in the listing of bills to 
pay. 
Select one: 
a. Click and hold your mouse between two columns and drag to the left to decrease the width of 
a 
column and drag to the right to increase the width of a column. 
b. Hover your mouse over the column to see a menu with the options to increase or decrease the 
width of the column. 
c. None of these options. a
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Passed with 100%
In the perpetual inventory system, the inventory quantity and values are updated after each 
purchase and sale of inventory items 
This report shows all purchase information for each inventory item, including vendor name, cost 
per unit, quantity purchased, and total cost. Purchases by Item Detail
Exam (elaborations)
QuickBooks Chapter 5 Questions and Answers Already Graded A
If a return is made after an invoice has been paid in full, a refund check is issued along with a 
credit memo. True 
QuickBooks automatically applies a payment received to the most 
current invoice. False