Accounting 120 - Computerized Accounting Systems » Fall 2022 » Ch 3 Quiz
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Question #1
The Item List can be accessed from which section of the Home Page?
A.
Company
B.
Banking
C.
Vendors
D.
Customers
Question #2
To use a memorized transaction, select:
A.
Select Navigation Bar > Recurring Transaction List
B.
Select Company section of the Home Page > Saved Transactions
C.
None of the choices are correct
D.
Select Lists Menu > Memorized Transaction List
Question #3
The onscreen form for recording bills received is accessed from which section of the Home Page:
A.
Customers
B.
Vendors
C.
Employees
D.
Banking
Question #4
Customer transactions include which of the following?
A.
Receive Payments
B.
Enter Bills
C.
Write Checks
D.
Pay Bills
Question #5
When a customer deposit is recorded using the Make Deposits window, behind the screen QuickBooks converts the transactions into a journal entry that:
A.
Debits Checking account, Credits Undeposited Funds
B.
Debits Accounts Receivable, Credits Checking account
C.
Credits Checking account, Debits Undeposited Funds
D.
Debits Checking account, Credits Accounts Receivable
Question #6
In QuickBooks, information about transactions can be entered in onscreen forms, such as:
A.
All of the choices are correct
B.
Check
C.
Purchase Order
D.
Invoice
Question #7
When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that:
A.
Debits Expense account, Credits Accounts Payable
B.
Debits Accounts Receivable, Credits Checking account
C.
Debits Checking account, Credits Undeposited Funds
D.
Credits Checking account, Debits Accounts Payable
Question #8
Which of the following transactions is considered a Vendors and Expenses transaction?
A.
Make Deposit
B.
Receive Payment
C.
Invoice
D.
Pay Bills
Question #9
All of the following are one of the four main categories of transactions in QuickBooks except?
A.
Vendors
B.
Banking
C.
Owners
D.
Customers
Question #10
Which of the following is a Vendor transaction?
A.
Receive Inventory
B.
Create Estimates
C.
Create Invoices
D.
Receive Payments
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