A.   Record payments received from customers

B.   Record deposits

C.   Enter bills

D.   Pay employees

A.   Industry type

B.   Fiscal or calendar year

C.   Federal ID Tax number

D.   Company address

A.   Checking

B.   Accounts Payable

C.   Accounts Receivable

D.   Undeposited Funds

A.   Close permanent accounts at year-end

B.   Close temporary accounts at year end

C.   Bring account balances up to date at year end

D.   All of the choices are correct

A.   QBB

B.   QBM

C.   QBX

D.   QBW

A.   Materials Cost

B.   Cost of Goods Sold

C.   Inventory Sold

D.   Items Sold

A.   Create Invoice > Receive Payment > Record Deposits

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

C.   Create Purchase Order > Receive Payment > Make Deposits

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

A.   Balance Sheet

B.   All of the choices are correct

C.   None of the choices are correct

D.   Profit & Loss

A.   Jobs and Estimates

B.   Bills

C.   Time and Expenses

D.   Sales and Customers

A.   Menus

B.   All of the choices are correct

C.   Icon Bar

D.   Home Page

A.   Receive Inventory

B.   Create Estimates

C.   Create Invoices

D.   Receive Payments

A.   Pay sales tax

B.   Record inventory received

C.   Enter bills

D.   Create invoices

A.   Expense

B.   Fixed Asset

C.   Owner's Equity

D.   Retained Earnings

A.   Permanent accounts

B.   None of the choices are correct

C.   Temporary accounts

D.   Equity accounts

A.   Accounts Receivable

B.   Utilities

C.   Rent

D.   Advertising

A.   lists a company's assets

B.   lists the accounts and account numbers

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

D.   Summarizes what a company owns and what it owes

A.   Purchase Orders Account

B.   Accounts Payable Account

C.   Inventory Account

D.   Employee Expense Account

A.   To calculate income.

B.   To identify owner's equity.

C.   To track information necessary for the accounting system.

D.   To calculate expenses.

A.   Vendors

B.   Company

C.   Customers

D.   Banking

A.   Vendors

B.   Customers

C.   Banking

D.   Employees

A.   Pay Bills

B.   Invoice

C.   Check

D.   Purchase Order

A.   All of the choices are correct

B.   Vendor List

C.   Item List

D.   Customer List

A.   Record payments received from customers

B.   Make deposit

C.   Enter bills

D.   Pay employees

A.   Enter bills

B.   Create invoice

C.   Pay sales tax

D.   Record inventory received

A.   Keeps track of company deposits only

B.   Records payments and deposits to the Checking account

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

D.   Lists all accounts and their account numbers

A.   None of the choices are correct

B.   Debited

C.   Reconciled

D.   Credited

A.   Deposits in transit

B.   Both deposits in transit and outstanding checks

C.   Interest earned

D.   Outstanding checks

A.   Receive Payments

B.   Pay Bills

C.   Enter Bills

D.   Make Deposits

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.   Legal Services

C.   Rent Payments

D.   None of the choices are correct

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.   Checks

C.   Invoices

D.   Accounts

A.   Checks that have cleared the bank

B.   Outstanding checks

C.   Deposits recorded by the bank

D.   Errors

A.   Customers with Open Invoices

B.   All of the choices are correct

C.   Collections Reports

D.   Accounts Receivable Aging Summary

A.   Make Deposit

B.   Receive Payments

C.   Create Invoices

D.   Create Sales Receipts

A.   Funds the company owes vendors

B.   Petty Cash funds

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

D.   Only partial payments received from customers

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 section of the Home Page

B.   Customers Center

C.   Vendor section of the Home Page

D.   Customers Menu

A.   Recorded using the Create Sales Receipts window

B.   Recorded in a Credit Card Sales window

C.   Recorded using a Create Invoices window

D.   Recorded using the Enter Bills window

A.   Leasing companies

B.   Suppliers of inventory and supplies

C.   Customers purchasing goods

D.   Tax agencies such as the IRS

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

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

C.   Decreases an Expense account and decreases the Checking account

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

A.   Before receiving a service

B.   When submitting a purchase order

C.   At the time of providing a service

D.   After receiving a service

A.   Receive payments

B.   Enter bills

C.   Sell products

D.   Create invoices

A.   Debit Accounts Payable, Credit Checking account

B.   Debit Expense account, Credit Accounts Payable

C.   Debit Accounts Payable, Credit Expense account

D.   Debit Checking account, Credit Accounts Payable

A.   All of the choices are correct

B.   Non-inventory items

C.   Service items

D.   Inventory items