A.   Record deposits

B.   Record payments received from customers

C.   Pay employees

D.   Enter bills

A.   Federal ID Tax number

B.   Industry type

C.   Company address

D.   Fiscal or calendar year

A.   Checking

B.   Undeposited Funds

C.   Accounts Receivable

D.   Accounts Payable

A.   Bring account balances up to date at year end

B.   Close temporary accounts at year end

C.   All of the choices are correct

D.   Close permanent accounts at year-end

A.   QBB

B.   QBM

C.   QBX

D.   QBW

A.   Cost of Goods Sold

B.   Items Sold

C.   Inventory 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.   Profit & Loss

B.   Balance Sheet

C.   All of the choices are correct

D.   None of the choices are correct

A.   Bills

B.   Jobs and Estimates

C.   Sales and Customers

D.   Time and Expenses

A.   Icon Bar

B.   All of the choices are correct

C.   Menus

D.   Home Page

A.   Receive Payments

B.   Create Estimates

C.   Create Invoices

D.   Receive Inventory

A.   Record inventory received

B.   Pay sales tax

C.   Enter bills

D.   Create invoices

A.   Owner's Equity

B.   Retained Earnings

C.   Expense

D.   Fixed Asset

A.   Temporary accounts

B.   None of the choices are correct

C.   Equity accounts

D.   Permanent accounts

A.   Utilities

B.   Accounts Receivable

C.   Advertising

D.   Rent

A.   lists a company's assets

B.   Summarizes what a company owns and what it owes

C.   lists the accounts and account numbers

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

A.   Inventory Account

B.   Employee Expense Account

C.   Purchase Orders Account

D.   Accounts Payable Account

A.   To calculate income.

B.   To track information necessary for the accounting system.

C.   To identify owner's equity.

D.   To calculate expenses.

A.   Customers

B.   Banking

C.   Vendors

D.   Company

A.   Vendors

B.   Customers

C.   Employees

D.   Banking

A.   Purchase Order

B.   Invoice

C.   Pay Bills

D.   Check

A.   All of the choices are correct

B.   Customer List

C.   Vendor List

D.   Item List

A.   Record payments received from customers

B.   Enter bills

C.   Make deposit

D.   Pay employees

A.   Enter bills

B.   Record inventory received

C.   Create invoice

D.   Pay sales tax

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

B.   Keeps track of company deposits only

C.   Lists all accounts and their account numbers

D.   Records payments and deposits to the Checking account

A.   Debited

B.   Credited

C.   None of the choices are correct

D.   Reconciled

A.   Interest earned

B.   Both deposits in transit and outstanding checks

C.   Outstanding checks

D.   Deposits in transit

A.   Pay Bills

B.   Receive Payments

C.   Make Deposits

D.   Enter Bills

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

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

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

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

A.   Rent Payments

B.   Legal Services

C.   Sales Taxes

D.   None of the choices are correct

A.   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

B.   None of the choices are correct

C.   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

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

A.   Checks

B.   Invoices

C.   Purchase orders

D.   Accounts

A.   Deposits recorded by the bank

B.   Checks that have cleared the bank

C.   Errors

D.   Outstanding checks

A.   Customers with Open Invoices

B.   Collections Reports

C.   Accounts Receivable Aging Summary

D.   All of the choices are correct

A.   Make Deposit

B.   Create Invoices

C.   Receive Payments

D.   Create Sales Receipts

A.   Funds the company owes vendors

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

C.   Petty Cash funds

D.   Only partial payments received from customers

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

B.   Create Sales Receipt > Record Deposits

C.   Make Deposit > Customer & Job Name

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 using a Create Invoices window

B.   Recorded in a Credit Card Sales window

C.   Recorded using the Enter Bills window

D.   Recorded using the Create Sales Receipts window

A.   Tax agencies such as the IRS

B.   Leasing companies

C.   Suppliers of inventory and supplies

D.   Customers purchasing goods

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

B.   Decreases an Expense account and decreases 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.   When submitting a purchase order

B.   Before receiving a service

C.   After receiving a service

D.   At the time of providing a service

A.   Enter bills

B.   Create invoices

C.   Receive payments

D.   Sell products

A.   Debit Accounts Payable, Credit Expense account

B.   Debit Accounts Payable, Credit Checking account

C.   Debit Expense account, Credit Accounts Payable

D.   Debit Checking account, Credit Accounts Payable

A.   Service items

B.   All of the choices are correct

C.   Inventory items

D.   Non-inventory items