Question 1

A non-inventory item is:

Accepted Answer

A) Goods purchased for resale to customers 
B) An item purchased for a specific customer job 
C) A service purchased from a vendor 
D) A service sold to a vendor 
A) Goods purchased for resale to customers 
B) An item purchased for a specific customer job 
C) A service purchased from a vendor 
D) A service sold to a vendor

Question 2

Which report provides information on items ordered by not received?

Accepted Answer

A) Accounts Payable Aging Detail 
B) Accounts Payable Aging Summary 
C) Open Purchase Orders Report 
D) Physical Inventory Worksheet 
A) Accounts Payable Aging Detail 
B) Accounts Payable Aging Summary 
C) Open Purchase Orders Report 
D) Physical Inventory Worksheet

Question 3

Which QuickBooks window is used to record services received?

Accepted Answer

A) Create Invoice 
B) Purchase Order 
C) Enter Bills 
D) Estimates 
A) Create Invoice 
B) Purchase Order 
C) Enter Bills 
D) Estimates

Question 4

All the times below are when you can receive a bill except:

Accepted Answer

A) When receiving a service 
B) When submitting a purchase order 
C) When receiving inventory 
D) After receiving inventory 
A) When receiving a service 
B) When submitting a purchase order 
C) When receiving inventory 
D) After receiving inventory

Question 5

How does QuickBooks categorize items?

Accepted Answer

A) Non-inventory items 
B) Inventory items 
C) Service items 
D) All the above. 
A) Non-inventory items 
B) Inventory items 
C) Service items 
D) All the above.

Question 6

What QuickBooks activity comes next in this string of business activities: Purchase Order > Receive Items > Enter Bills > ______

Accepted Answer

A) Receive Payments 
B) Pay Bills 
C) Deposit 
D) Vendor List 
A) Receive Payments 
B) Pay Bills 
C) Deposit 
D) Vendor List

Question 7

Which one of the following is a vendor transaction?

Accepted Answer

A) Make Deposits 
B) Receive Customer Payments 
C) Enter Bills 
D) Sell Goods to Customers 
A) Make Deposits 
B) Receive Customer Payments 
C) Enter Bills 
D) Sell Goods to Customers

A non-inventory item is:

Which report provides information on items ordered by not received?

Which QuickBooks window is used to record services received?

All the times below are when you can receive a bill except:

How does QuickBooks categorize items?

What QuickBooks activity comes next in this string of business activities: Purchase Order > Receive Items > Enter Bills > ______

Which one of the following is a vendor transaction?

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Employees and Payroll

Reports and Graphs

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters

Exam 5: Vendors, Purchases, and Inventory

A non-inventory item is:

Which report provides information on items ordered by not received?

Which QuickBooks window is used to record services received?

All the times below are when you can receive a bill except:

How does QuickBooks categorize items?

What QuickBooks activity comes next in this string of business activities: Purchase Order > Receive Items > Enter Bills > ______

Which one of the following is a vendor transaction?

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Employees and Payroll

Reports and Graphs

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters