Question 1

When recording a customer payment from a credit sale,select:

Accepted Answer

A) Create Invoice > Customer Payment > Customer & Job Name 
B) Make Deposit 
C) Create Sales Receipt > Record Deposits 
D) Receive Payment > Customer & Job Name 
A) Create Invoice > Customer Payment > Customer & Job Name 
B) Make Deposit 
C) Create Sales Receipt > Record Deposits 
D) Receive Payment > Customer & Job Name

Question 2

The Undeposited Funds account:

Accepted Answer

A) Partial payments received from customers 
B) Holds funds received but not deposited in the bank 
C) Funds the company owes vendors 
D) Petty Cash funds 
A) Partial payments received from customers 
B) Holds funds received but not deposited in the bank 
C) Funds the company owes vendors 
D) Petty Cash funds

Question 3

A Reminder Statement provides the following information,except:

Accepted Answer

A) Purchase Order details 
B) Customer's previous account balance 
C) Payments received from the customer 
D) Customer's ending balance 
A) Purchase Order details 
B) Customer's previous account balance 
C) Payments received from the customer 
D) Customer's ending balance

Question 4

When a credit sale is recorded on an invoice,QuickBooks records:

Accepted Answer

A) An increase to Sales and a decrease to Accounts Receivable 
B) An increase to Sales and an increase to Accounts Payable 
C) An increase to Sales and an increase to Accounts Receivable 
D) A decrease to Sales and a decrease to Accounts Payable 
A) An increase to Sales and a decrease to Accounts Receivable 
B) An increase to Sales and an increase to Accounts Payable 
C) An increase to Sales and an increase to Accounts Receivable 
D) A decrease to Sales and a decrease to Accounts Payable

Question 5

When a customer is billed when the project/job reaches specified milestones,what type of billing does the company use?

Accepted Answer

A) Purchase Order billing 
B) Estimates 
C) Progress billing 
D) Normal (end-of-job)billing 
A) Purchase Order billing 
B) Estimates 
C) Progress billing 
D) Normal (end-of-job)billing

Question 6

Online billing allows you to:

Accepted Answer

A) Sell goods over the internet 
B) Email invoices to customers 
C) Receive online payments from customers 
D) QuickBooks does not support online billing 
A) Sell goods over the internet 
B) Email invoices to customers 
C) Receive online payments from customers 
D) QuickBooks does not support online billing

Question 7

To print the Income by Customer Summary report:

Accepted Answer

A) Select Report Center,Customer & Sales 
B) Select Customer Center,Income by Customer 
C) Select Report Center,Company & Financials 
D) Select Company Center,Customer & Sales 
A) Select Report Center,Customer & Sales 
B) Select Customer Center,Income by Customer 
C) Select Report Center,Company & Financials 
D) Select Company Center,Customer & Sales

When recording a customer payment from a credit sale,select:

The Undeposited Funds account:

A Reminder Statement provides the following information,except:

When a credit sale is recorded on an invoice,QuickBooks records:

When a customer is billed when the project/job reaches specified milestones,what type of billing does the company use?

Online billing allows you to:

To print the Income by Customer Summary report:

Introduction to PFP

Time Value of Money

Beginning the Planning Process

Financial Statements Analysis

Cash Flow Planning

Debt

Non Financial Investments

Financial Investments

Risk Management

Other Insurance

Retirement Planning

Filters

Exam 4: Household Finance

When recording a customer payment from a credit sale,select:

The Undeposited Funds account:

A Reminder Statement provides the following information,except:

When a credit sale is recorded on an invoice,QuickBooks records:

When a customer is billed when the project/job reaches specified milestones,what type of billing does the company use?

Online billing allows you to:

To print the Income by Customer Summary report:

Introduction to PFP

Time Value of Money

Beginning the Planning Process

Financial Statements Analysis

Cash Flow Planning

Debt

Non Financial Investments

Financial Investments

Risk Management

Other Insurance

Retirement Planning

Filters