QUICKBOOKS FINAL EXAM
Chart of Accounts correct answersThis is the name of the list of accounts
the company uses as it conducts its business
deits and credits correct answerseach account in the general ledger shows
all increase and decreases
Accounting correct answersto edit account names and add account
numbers, begin by clicking this option on the Navigation bar
create icon > journal entry correct answersto enter the opening balances in
the Journal Entries window
ACTION correct answersIn the Vendor window, this column is used to
initiate various actions for a selected vendor
Purchase on Account correct answersIn QuickBooks Online, the Bill window
is used to record
cash purchase correct answersThe Check window is used to record
For my accountant correct answersThe Journal report option is located under
this option in the All Reports list.
ACTION correct answersIn the customers window, this column is used to
initiate various actions for a selected customer
Accounts Receivable account correct answersAll transactions entered in
the Invoice window result in a debit to the
Accounts Receivable account correct answersA payment of an account
receivable produces a debit to the Undeposited Funds account and a
credit to
Sales Receipt window correct answersThe window used for all cash sales of
goods and services
Undeposited Funds account correct answersA deposit of receipts as a
separate transaction produces a debit to the checking account and a
credit
manage collections, control cash flow, retain an accurate record of all
customer related transactions correct answersThe Accounts Receivable and
customer - related reports help the company to
Chart of Accounts correct answersThis is the name of the list of accounts
the company uses as it conducts its business
deits and credits correct answerseach account in the general ledger shows
all increase and decreases
Accounting correct answersto edit account names and add account
numbers, begin by clicking this option on the Navigation bar
create icon > journal entry correct answersto enter the opening balances in
the Journal Entries window
ACTION correct answersIn the Vendor window, this column is used to
initiate various actions for a selected vendor
Purchase on Account correct answersIn QuickBooks Online, the Bill window
is used to record
cash purchase correct answersThe Check window is used to record
For my accountant correct answersThe Journal report option is located under
this option in the All Reports list.
ACTION correct answersIn the customers window, this column is used to
initiate various actions for a selected customer
Accounts Receivable account correct answersAll transactions entered in
the Invoice window result in a debit to the
Accounts Receivable account correct answersA payment of an account
receivable produces a debit to the Undeposited Funds account and a
credit to
Sales Receipt window correct answersThe window used for all cash sales of
goods and services
Undeposited Funds account correct answersA deposit of receipts as a
separate transaction produces a debit to the checking account and a
credit
manage collections, control cash flow, retain an accurate record of all
customer related transactions correct answersThe Accounts Receivable and
customer - related reports help the company to
