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QuickBooks Chapter 7 Questions and Answers Rated A+

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QuickBooks Chapter 7 Questions and Answers Rated A+ To enter Customer and Sales transactions ✔✔From the Create (+) icon, select the appropriate customer transaction To enter Vendor and Expense... transactions ✔✔From the Create (+) icon, select the appropriate vendor transaction QuickBooks considers all of the following to be vendors except: ✔✔Customers purchasing products Which of the following is a vendor transaction? ✔✔Purchase Order We can update the Products and Services List at which of the following two points ✔✔-Before entering transactions -Whie entering transactions Which of the following is a customer transaction? ✔✔Invoice Types of products and services on the Products and Services List include: ✔✔All of the above -Service -Non-inventory -Inventory Which of the following types of products and ervices track quantities? ✔✔Inventory items The Purchase Order form is used to record which one of the following transactions? ✔✔Products ordered from vendors Which of the following activities, and the QBO form used to record it, is incorrect? ✔✔Receive customer payment, Pay Bills Indicate two of the following that show the order in which the following onscreen vendor transaction forms typically should be prepared ✔✔Purchase Order>Bill>Pay Bills Recording a purchase of products using QBO involves all of the following steps except: ✔✔Create invoice to bill vendors for purchases To record a bill received that we will pay later, we use which of the following QBO forms? ✔✔Bill Use the Pay Bills form only for: ✔✔Bills that have been entered using the Bill form [Show More]

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