A.   Enter bills

B.   Record deposits

C.   Pay employees

D.   Record payments received from customers

A.   Industry type

B.   Fiscal or calendar year

C.   Company address

D.   Federal ID Tax number

A.   Accounts Payable

B.   Accounts Receivable

C.   Undeposited Funds

D.   Checking

A.   Bring account balances up to date at year end

B.   Close permanent accounts at year-end

C.   All of the choices are correct

D.   Close temporary accounts at year end

A.   QBX

B.   QBM

C.   QBW

D.   QBB

A.   Items Sold

B.   Materials Cost

C.   Cost of Goods Sold

D.   Inventory Sold

A.   Create Invoice > Receive Inventory > Pay Bill > Record Deposits

B.   Create Invoice > Receive Payment > Record Deposits

C.   Create Purchase Order > Receive Inventory > Enter Bill > Pay Bill

D.   Create Purchase Order > Receive Payment > Make Deposits

A.   Profit & Loss

B.   Balance Sheet

C.   None of the choices are correct

D.   All of the choices are correct

A.   Bills

B.   Time and Expenses

C.   Jobs and Estimates

D.   Sales and Customers

A.   Menus

B.   Home Page

C.   Icon Bar

D.   All of the choices are correct

A.   Create Estimates

B.   Create Invoices

C.   Receive Payments

D.   Receive Inventory

A.   Pay sales tax

B.   Record inventory received

C.   Enter bills

D.   Create invoices

A.   Retained Earnings

B.   Owner's Equity

C.   Expense

D.   Fixed Asset

A.   Permanent accounts

B.   None of the choices are correct

C.   Temporary accounts

D.   Equity accounts

A.   Accounts Receivable

B.   Advertising

C.   Rent

D.   Utilities

A.   lists the accounts and account numbers

B.   Summarizes the results of a company's operations, listing income and expenses

C.   lists a company's assets

D.   Summarizes what a company owns and what it owes

A.   Employee Expense Account

B.   Inventory Account

C.   Accounts Payable Account

D.   Purchase Orders Account

A.   To track information necessary for the accounting system.

B.   To identify owner's equity.

C.   To calculate income.

D.   To calculate expenses.

A.   Company

B.   Customers

C.   Vendors

D.   Banking

A.   Banking

B.   Employees

C.   Vendors

D.   Customers

A.   Pay Bills

B.   Check

C.   Invoice

D.   Purchase Order

A.   Item List

B.   All of the choices are correct

C.   Customer List

D.   Vendor List

A.   Pay employees

B.   Make deposit

C.   Enter bills

D.   Record payments received from customers

A.   Record inventory received

B.   Create invoice

C.   Enter bills

D.   Pay sales tax

A.   Lists all accounts and their account numbers

B.   Is located directly on the Company section of the Home page

C.   Keeps track of company deposits only

D.   Records payments and deposits to the Checking account

A.   Debited

B.   Reconciled

C.   Credited

D.   None of the choices are correct

A.   Interest earned

B.   Outstanding checks

C.   Deposits in transit

D.   Both deposits in transit and outstanding checks

A.   Enter Bills

B.   Make Deposits

C.   Receive Payments

D.   Pay Bills

A.   Records an expense (credit) and the obligation to pay later (debit)

B.   Records an expense (debit) and the obligation to pay later (credit)

C.   Reduces the liability (credit) and the checking account (debit)

D.   Reduces the liability (debit) and the checking account (credit)

A.   Sales Taxes

B.   Legal Services

C.   None of the choices are correct

D.   Rent Payments

A.   None of the choices are correct

B.   To conserve resources, it is best if the owner uses one Checking account for both personal and business purposes

C.   To maintain more consistent records, it is best if the owner maintains a separate personal Checking account, but both the owner's personal Checking and business Checking accounts are listed in the Chart of Accounts

D.   To maintain separation between the personal and business accounting records, the owner's personal Checking account should not be used to pay bills for the business and should not be listed in the business' Chart of Accounts

A.   Purchase orders

B.   Accounts

C.   Checks

D.   Invoices

A.   Outstanding checks

B.   Errors

C.   Deposits recorded by the bank

D.   Checks that have cleared the bank

A.   Collections Reports

B.   All of the choices are correct

C.   Accounts Receivable Aging Summary

D.   Customers with Open Invoices

A.   Make Deposit

B.   Receive Payments

C.   Create Invoices

D.   Create Sales Receipts

A.   Petty Cash funds

B.   Funds the company owes vendors

C.   Only partial payments received from customers

D.   Funds received from customers but not deposited in the bank

A.   Create Invoice > Customer Payment > Customer & Job Name

B.   Make Deposit > Customer & Job Name

C.   Create Sales Receipt > Record Deposits

D.   Receive Payment > Customer & Job Name

A.   Customers Center

B.   Customers Menu

C.   Customers section of the Home Page

D.   Vendor section of the Home Page

A.   Recorded in a Credit Card Sales window

B.   Recorded using the Enter Bills window

C.   Recorded using a Create Invoices window

D.   Recorded using the Create Sales Receipts window

A.   Suppliers of inventory and supplies

B.   Customers purchasing goods

C.   Leasing companies

D.   Tax agencies such as the IRS

A.   Increases the Accounts Payable account and increases the Checking account

B.   Decreases the Accounts Payable account and decreases the Checking account

C.   Decreases an Expense account and decreases the Checking account

D.   Increases an Expense account and increases the Accounts Payable account

A.   When submitting a purchase order

B.   After receiving a service

C.   At the time of providing a service

D.   Before receiving a service

A.   Receive payments

B.   Sell products

C.   Create invoices

D.   Enter bills

A.   Debit Accounts Payable, Credit Expense account

B.   Debit Expense account, Credit Accounts Payable

C.   Debit Checking account, Credit Accounts Payable

D.   Debit Accounts Payable, Credit Checking account

A.   All of the choices are correct

B.   Service items

C.   Non-inventory items

D.   Inventory items