A.   Enter bills

B.   Record deposits

C.   Pay employees

D.   Record payments received from customers

A.   Company address

B.   Federal ID Tax number

C.   Industry type

D.   Fiscal or calendar year

A.   Checking

B.   Accounts Receivable

C.   Undeposited Funds

D.   Accounts Payable

A.   All of the choices are correct

B.   Close permanent accounts at year-end

C.   Close temporary accounts at year end

D.   Bring account balances up to date at year end

A.   QBB

B.   QBX

C.   QBM

D.   QBW

A.   Inventory Sold

B.   Items Sold

C.   Cost of Goods Sold

D.   Materials Cost

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.   Balance Sheet

B.   All of the choices are correct

C.   Profit & Loss

D.   None of the choices are correct

A.   Bills

B.   Sales and Customers

C.   Time and Expenses

D.   Jobs and Estimates

A.   Home Page

B.   Icon Bar

C.   All of the choices are correct

D.   Menus

A.   Receive Inventory

B.   Create Invoices

C.   Create Estimates

D.   Receive Payments

A.   Record inventory received

B.   Pay sales tax

C.   Enter bills

D.   Create invoices

A.   Expense

B.   Owner's Equity

C.   Retained Earnings

D.   Fixed Asset

A.   Temporary accounts

B.   Equity accounts

C.   Permanent accounts

D.   None of the choices are correct

A.   Rent

B.   Accounts Receivable

C.   Advertising

D.   Utilities

A.   lists a company's assets

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

C.   lists the accounts and account numbers

D.   Summarizes what a company owns and what it owes

A.   Purchase Orders Account

B.   Inventory Account

C.   Accounts Payable Account

D.   Employee Expense Account

A.   To calculate expenses.

B.   To identify owner's equity.

C.   To track information necessary for the accounting system.

D.   To calculate income.

A.   Vendors

B.   Customers

C.   Company

D.   Banking

A.   Customers

B.   Vendors

C.   Banking

D.   Employees

A.   Invoice

B.   Purchase Order

C.   Pay Bills

D.   Check

A.   Customer List

B.   Item List

C.   Vendor List

D.   All of the choices are correct

A.   Pay employees

B.   Enter bills

C.   Make deposit

D.   Record payments received from customers

A.   Pay sales tax

B.   Record inventory received

C.   Enter bills

D.   Create invoice

A.   Records payments and deposits to the Checking account

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

C.   Lists all accounts and their account numbers

D.   Keeps track of company deposits only

A.   Reconciled

B.   Credited

C.   None of the choices are correct

D.   Debited

A.   Outstanding checks

B.   Deposits in transit

C.   Both deposits in transit and outstanding checks

D.   Interest earned

A.   Receive Payments

B.   Pay Bills

C.   Make Deposits

D.   Enter Bills

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

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

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

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

A.   Sales Taxes

B.   Rent Payments

C.   Legal Services

D.   None of the choices are correct

A.   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

B.   None of the choices are correct

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

D.   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

A.   Checks

B.   Purchase orders

C.   Accounts

D.   Invoices

A.   Outstanding checks

B.   Errors

C.   Checks that have cleared the bank

D.   Deposits recorded by the bank

A.   Accounts Receivable Aging Summary

B.   All of the choices are correct

C.   Customers with Open Invoices

D.   Collections Reports

A.   Receive Payments

B.   Make Deposit

C.   Create Invoices

D.   Create Sales Receipts

A.   Petty Cash funds

B.   Only partial payments received from customers

C.   Funds the company owes vendors

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

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

B.   Receive Payment > Customer & Job Name

C.   Make Deposit > Customer & Job Name

D.   Create Sales Receipt > Record Deposits

A.   Customers Menu

B.   Customers section of the Home Page

C.   Customers Center

D.   Vendor section of the Home Page

A.   Recorded using the Enter Bills window

B.   Recorded using the Create Sales Receipts window

C.   Recorded in a Credit Card Sales window

D.   Recorded using a Create Invoices window

A.   Tax agencies such as the IRS

B.   Customers purchasing goods

C.   Leasing companies

D.   Suppliers of inventory and supplies

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

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

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

D.   Decreases an Expense account and decreases the Checking account

A.   When submitting a purchase order

B.   At the time of providing a service

C.   After receiving a service

D.   Before receiving a service

A.   Create invoices

B.   Sell products

C.   Enter bills

D.   Receive payments

A.   Debit Checking account, Credit Accounts Payable

B.   Debit Accounts Payable, Credit Checking account

C.   Debit Accounts Payable, Credit Expense account

D.   Debit Expense account, Credit Accounts Payable

A.   Non-inventory items

B.   Inventory items

C.   Service items

D.   All of the choices are correct