A.   Pay employees

B.   Enter bills

C.   Record deposits

D.   Record payments received from customers

A.   Fiscal or calendar year

B.   Federal ID Tax number

C.   Company address

D.   Industry type

A.   Undeposited Funds

B.   Accounts Receivable

C.   Accounts Payable

D.   Checking

A.   Close temporary accounts at year end

B.   Bring account balances up to date at year end

C.   Close permanent accounts at year-end

D.   All of the choices are correct

A.   QBB

B.   QBX

C.   QBW

D.   QBM

A.   Cost of Goods Sold

B.   Inventory Sold

C.   Items Sold

D.   Materials Cost

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

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

C.   Create Invoice > Receive Payment > Record Deposits

D.   Create Purchase Order > Receive Payment > Make Deposits

A.   Balance Sheet

B.   All of the choices are correct

C.   None of the choices are correct

D.   Profit & Loss

A.   Sales and Customers

B.   Jobs and Estimates

C.   Time and Expenses

D.   Bills

A.   Home Page

B.   Icon Bar

C.   All of the choices are correct

D.   Menus

A.   Receive Inventory

B.   Receive Payments

C.   Create Invoices

D.   Create Estimates

A.   Pay sales tax

B.   Enter bills

C.   Create invoices

D.   Record inventory received

A.   Retained Earnings

B.   Owner's Equity

C.   Expense

D.   Fixed Asset

A.   Equity accounts

B.   None of the choices are correct

C.   Permanent accounts

D.   Temporary accounts

A.   Accounts Receivable

B.   Utilities

C.   Rent

D.   Advertising

A.   Summarizes what a company owns and what it owes

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

C.   lists a company's assets

D.   lists the accounts and account numbers

A.   Accounts Payable Account

B.   Purchase Orders Account

C.   Inventory Account

D.   Employee Expense Account

A.   To track information necessary for the accounting system.

B.   To identify owner's equity.

C.   To calculate expenses.

D.   To calculate income.

A.   Customers

B.   Vendors

C.   Banking

D.   Company

A.   Banking

B.   Customers

C.   Employees

D.   Vendors

A.   Purchase Order

B.   Invoice

C.   Pay Bills

D.   Check

A.   Item List

B.   Vendor List

C.   Customer List

D.   All of the choices are correct

A.   Record payments received from customers

B.   Make deposit

C.   Enter bills

D.   Pay employees

A.   Enter bills

B.   Pay sales tax

C.   Create invoice

D.   Record inventory received

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

B.   Records payments and deposits to the Checking account

C.   Keeps track of company deposits only

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.   Interest earned

C.   Both deposits in transit and outstanding checks

D.   Outstanding checks

A.   Make Deposits

B.   Pay Bills

C.   Enter Bills

D.   Receive Payments

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

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

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

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

A.   Sales Taxes

B.   Legal Services

C.   Rent Payments

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.   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

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

D.   None of the choices are correct

A.   Accounts

B.   Checks

C.   Invoices

D.   Purchase orders

A.   Outstanding checks

B.   Errors

C.   Deposits recorded by the bank

D.   Checks that have cleared the bank

A.   Accounts Receivable Aging Summary

B.   Customers with Open Invoices

C.   All of the choices are correct

D.   Collections Reports

A.   Create Invoices

B.   Receive Payments

C.   Make Deposit

D.   Create Sales Receipts

A.   Only partial payments received from customers

B.   Petty Cash funds

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.   Create Sales Receipt > Record Deposits

C.   Make Deposit > Customer & Job Name

D.   Receive Payment > Customer & Job Name

A.   Vendor section of the Home Page

B.   Customers Center

C.   Customers section of the Home Page

D.   Customers Menu

A.   Recorded using the Create Sales Receipts window

B.   Recorded using a Create Invoices window

C.   Recorded using the Enter Bills window

D.   Recorded in a Credit Card Sales window

A.   Customers purchasing goods

B.   Tax agencies such as the IRS

C.   Suppliers of inventory and supplies

D.   Leasing companies

A.   Decreases an Expense account and decreases the Checking account

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

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

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

A.   At the time of providing a service

B.   Before receiving a service

C.   After receiving a service

D.   When submitting a purchase order

A.   Create invoices

B.   Receive payments

C.   Sell products

D.   Enter bills

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.   All of the choices are correct

C.   Service items

D.   Inventory items