Question 1

Briefly explain the difference between creating a sales receipt and creating an invoice.

Accepted Answer

Creating a sales receipt is used when a

Question 2

To add a new job to the Customer List:

Accepted Answer

A) Select Customer menu, Add Job 
B) Select Customer Center, New Customer & Job 
C) Select the Customer List icon from the Customer section of the Home page 
D) Select Report Center, add Customer 
A) Select Customer menu, Add Job 
B) Select Customer Center, New Customer & Job 
C) Select the Customer List icon from the Customer section of the Home page 
D) Select Report Center, add Customer

Question 3

The Customer List in QuickBooks can be accessed from all of the following except:

Accepted Answer

A) Banking section of the Home page 
B) Customer section of the Home page 
C) Customer Menu 
D) Customer Center 
A) Banking section of the Home page 
B) Customer section of the Home page 
C) Customer Menu 
D) Customer Center

Question 4

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 5

To record a credit sale, select:

Accepted Answer

A) Create Purchase Order 
B) Sales Receipts 
C) Create Estimates 
D) None of the above 
A) Create Purchase Order 
B) Sales Receipts 
C) Create Estimates 
D) None of the above

Question 6

To print the Income by Customer 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

Question 7

The Refunds & Credits icon allows you to:

Accepted Answer

A) Record a refund or credit to a vendor account for returned or damaged merchandize 
B) Record a refund or credit to a customer account for returned or damaged merchandize 
C) Prepare a billing statement for a customer 
D) All of the above 
A) Record a refund or credit to a vendor account for returned or damaged merchandize 
B) Record a refund or credit to a customer account for returned or damaged merchandize 
C) Prepare a billing statement for a customer 
D) All of the above

Briefly explain the difference between creating a sales receipt and creating an invoice.

To add a new job to the Customer List:

The Customer List in QuickBooks can be accessed from all of the following except:

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

To record a credit sale, select:

To print the Income by Customer report:

The Refunds & Credits icon allows you to:

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Vendors, Purchases, and Inventory

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 4: Customers and Sales

Briefly explain the difference between creating a sales receipt and creating an invoice.

To add a new job to the Customer List:

The Customer List in QuickBooks can be accessed from all of the following except:

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

To record a credit sale, select:

To print the Income by Customer report:

The Refunds & Credits icon allows you to:

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Vendors, Purchases, and Inventory

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