A.   Record deposits

B.   Enter bills

C.   Record payments received from customers

D.   Pay employees

A.   Industry type

B.   Federal ID Tax number

C.   Company address

D.   Fiscal or calendar year

A.   Accounts Receivable

B.   Checking

C.   Accounts Payable

D.   Undeposited Funds

A.   Close permanent accounts at year-end

B.   Bring account balances up to date at year end

C.   All of the choices are correct

D.   Close temporary accounts at year end

A.   QBX

B.   QBB

C.   QBM

D.   QBW

A.   Cost of Goods Sold

B.   Items Sold

C.   Inventory Sold

D.   Materials Cost

A.   Create Invoice > Receive Payment > Record Deposits

B.   Create Purchase Order > Receive Payment > Make Deposits

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

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

A.   Profit & Loss

B.   All of the choices are correct

C.   Balance Sheet

D.   None of the choices are correct

A.   Time and Expenses

B.   Bills

C.   Sales and Customers

D.   Jobs and Estimates

A.   Menus

B.   All of the choices are correct

C.   Icon Bar

D.   Home Page

A.   Create Invoices

B.   Receive Inventory

C.   Create Estimates

D.   Receive Payments

A.   Enter bills

B.   Pay sales tax

C.   Record inventory received

D.   Create invoices

A.   Retained Earnings

B.   Expense

C.   Fixed Asset

D.   Owner's Equity

A.   Permanent accounts

B.   None of the choices are correct

C.   Equity accounts

D.   Temporary accounts

A.   Rent

B.   Advertising

C.   Utilities

D.   Accounts Receivable

A.   lists the accounts and account numbers

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 a company's assets

A.   Purchase Orders Account

B.   Accounts Payable 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.   Vendors

B.   Customers

C.   Banking

D.   Company

A.   Banking

B.   Employees

C.   Vendors

D.   Customers

A.   Purchase Order

B.   Pay Bills

C.   Check

D.   Invoice

A.   All of the choices are correct

B.   Item List

C.   Customer List

D.   Vendor List

A.   Pay employees

B.   Enter bills

C.   Make deposit

D.   Record payments received from customers

A.   Pay sales tax

B.   Record inventory received

C.   Enter bills

D.   Create invoice

A.   Lists all accounts and their account numbers

B.   Records payments and deposits to the Checking account

C.   Keeps track of company deposits only

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

A.   Debited

B.   Credited

C.   Reconciled

D.   None of the choices are correct

A.   Deposits in transit

B.   Outstanding checks

C.   Interest earned

D.   Both deposits in transit and outstanding checks

A.   Pay Bills

B.   Make Deposits

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

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

A.   Rent Payments

B.   Legal Services

C.   Sales Taxes

D.   None of the choices are correct

A.   None of the choices are correct

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 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.   Purchase orders

B.   Invoices

C.   Checks

D.   Accounts

A.   Outstanding checks

B.   Deposits recorded by the bank

C.   Checks that have cleared the bank

D.   Errors

A.   All of the choices are correct

B.   Accounts Receivable Aging Summary

C.   Customers with Open Invoices

D.   Collections Reports

A.   Make Deposit

B.   Create Invoices

C.   Receive Payments

D.   Create Sales Receipts

A.   Only partial payments received from customers

B.   Funds the company owes vendors

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

D.   Petty Cash funds

A.   Receive Payment > Customer & Job Name

B.   Make Deposit > Customer & Job Name

C.   Create Sales Receipt > Record Deposits

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

A.   Customers section of the Home Page

B.   Customers Menu

C.   Vendor section of the Home Page

D.   Customers Center

A.   Recorded using the Enter Bills window

B.   Recorded using the Create Sales Receipts window

C.   Recorded using a Create Invoices window

D.   Recorded in a Credit Card Sales 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 the Accounts Payable account and decreases the Checking account

D.   Decreases an Expense account and decreases the Checking account

A.   After receiving a service

B.   When submitting a purchase order

C.   Before receiving a service

D.   At the time of providing a service

A.   Enter bills

B.   Receive payments

C.   Sell products

D.   Create invoices

A.   Debit Expense account, Credit Accounts Payable

B.   Debit Checking account, Credit Accounts Payable

C.   Debit Accounts Payable, Credit Checking account

D.   Debit Accounts Payable, Credit Expense account

A.   Non-inventory items

B.   All of the choices are correct

C.   Inventory items

D.   Service items