A.   Pay employees

B.   Record deposits

C.   Enter bills

D.   Record payments received from customers

A.   Federal ID Tax number

B.   Company address

C.   Fiscal or calendar year

D.   Industry type

A.   Undeposited Funds

B.   Accounts Payable

C.   Accounts Receivable

D.   Checking

A.   Close temporary accounts at year end

B.   All of the choices are correct

C.   Bring account balances up to date at year end

D.   Close permanent accounts at year-end

A.   QBB

B.   QBW

C.   QBM

D.   QBX

A.   Items Sold

B.   Inventory Sold

C.   Cost of Goods Sold

D.   Materials Cost

A.   Create Purchase Order > Receive Payment > Make Deposits

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

C.   Create Invoice > Receive Payment > Record Deposits

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

A.   All of the choices are correct

B.   Profit & Loss

C.   None of the choices are correct

D.   Balance Sheet

A.   Sales and Customers

B.   Jobs and Estimates

C.   Bills

D.   Time and Expenses

A.   Menus

B.   Home Page

C.   All of the choices are correct

D.   Icon Bar

A.   Create Invoices

B.   Create Estimates

C.   Receive Payments

D.   Receive Inventory

A.   Create invoices

B.   Record inventory received

C.   Enter bills

D.   Pay sales tax

A.   Owner's Equity

B.   Fixed Asset

C.   Retained Earnings

D.   Expense

A.   Permanent accounts

B.   Temporary accounts

C.   Equity accounts

D.   None of the choices are correct

A.   Advertising

B.   Utilities

C.   Accounts Receivable

D.   Rent

A.   lists a company's assets

B.   Summarizes what a company owns and what it owes

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

D.   lists the accounts and account numbers

A.   Accounts Payable Account

B.   Purchase Orders Account

C.   Employee Expense Account

D.   Inventory Account

A.   To identify owner's equity.

B.   To calculate expenses.

C.   To calculate income.

D.   To track information necessary for the accounting system.

A.   Company

B.   Vendors

C.   Customers

D.   Banking

A.   Employees

B.   Customers

C.   Banking

D.   Vendors

A.   Pay Bills

B.   Purchase Order

C.   Invoice

D.   Check

A.   Vendor List

B.   Customer List

C.   Item List

D.   All of the choices are correct

A.   Pay employees

B.   Record payments received from customers

C.   Make deposit

D.   Enter bills

A.   Pay sales tax

B.   Enter bills

C.   Record inventory received

D.   Create invoice

A.   Keeps track of company deposits only

B.   Records payments and deposits to the Checking account

C.   Lists all accounts and their account numbers

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

A.   Credited

B.   Reconciled

C.   None of the choices are correct

D.   Debited

A.   Outstanding checks

B.   Both deposits in transit and outstanding checks

C.   Deposits in transit

D.   Interest earned

A.   Enter Bills

B.   Make Deposits

C.   Pay Bills

D.   Receive Payments

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

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

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

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

A.   Sales Taxes

B.   Legal Services

C.   Rent Payments

D.   None of the choices are correct

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

B.   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

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.   None of the choices are correct

A.   Purchase orders

B.   Accounts

C.   Checks

D.   Invoices

A.   Outstanding checks

B.   Deposits recorded by the bank

C.   Errors

D.   Checks that have cleared the bank

A.   Customers with Open Invoices

B.   Accounts Receivable Aging Summary

C.   All of the choices are correct

D.   Collections Reports

A.   Create Invoices

B.   Make Deposit

C.   Receive Payments

D.   Create Sales Receipts

A.   Petty Cash funds

B.   Only partial payments received from customers

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

D.   Funds the company owes vendors

A.   Create Sales Receipt > Record Deposits

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

C.   Receive Payment > Customer & Job Name

D.   Make Deposit > Customer & Job Name

A.   Customers Menu

B.   Customers section of the Home Page

C.   Customers Center

D.   Vendor section of the Home Page

A.   Recorded using the Create Sales Receipts window

B.   Recorded in a Credit Card Sales window

C.   Recorded using the Enter Bills window

D.   Recorded using a Create Invoices window

A.   Suppliers of inventory and supplies

B.   Tax agencies such as the IRS

C.   Customers purchasing goods

D.   Leasing companies

A.   Decreases an Expense account and decreases the Checking account

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

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

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

A.   At the time of providing a service

B.   Before receiving a service

C.   When submitting a purchase order

D.   After receiving a service

A.   Sell products

B.   Receive payments

C.   Create invoices

D.   Enter bills

A.   Debit Expense account, Credit Accounts Payable

B.   Debit Checking account, Credit Accounts Payable

C.   Debit Accounts Payable, Credit Expense account

D.   Debit Accounts Payable, Credit Checking account

A.   Non-inventory items

B.   Service items

C.   All of the choices are correct

D.   Inventory items