A.   Pay employees

B.   Record payments received from customers

C.   Enter bills

D.   Record deposits

A.   Industry type

B.   Company address

C.   Fiscal or calendar year

D.   Federal ID Tax number

A.   Checking

B.   Accounts Receivable

C.   Accounts Payable

D.   Undeposited Funds

A.   Bring account balances up to date at year end

B.   All of the choices are correct

C.   Close permanent accounts at year-end

D.   Close temporary accounts at year end

A.   QBM

B.   QBX

C.   QBB

D.   QBW

A.   Items Sold

B.   Inventory Sold

C.   Materials Cost

D.   Cost of Goods Sold

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

B.   Create Purchase Order > Receive Payment > Make Deposits

C.   Create Invoice > Receive Payment > Record Deposits

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

A.   Balance Sheet

B.   None of the choices are correct

C.   All 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.   All of the choices are correct

C.   Menus

D.   Icon Bar

A.   Receive Inventory

B.   Receive Payments

C.   Create Estimates

D.   Create Invoices

A.   Create invoices

B.   Enter bills

C.   Pay sales tax

D.   Record inventory received

A.   Fixed Asset

B.   Owner's Equity

C.   Retained Earnings

D.   Expense

A.   Permanent accounts

B.   Temporary accounts

C.   Equity accounts

D.   None of the choices are correct

A.   Rent

B.   Utilities

C.   Accounts Receivable

D.   Advertising

A.   lists the accounts and account numbers

B.   Summarizes what a company owns and what it owes

C.   lists a company's assets

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

A.   Inventory Account

B.   Employee Expense Account

C.   Accounts Payable Account

D.   Purchase Orders Account

A.   To calculate income.

B.   To identify owner's equity.

C.   To calculate expenses.

D.   To track information necessary for the accounting system.

A.   Vendors

B.   Customers

C.   Banking

D.   Company

A.   Vendors

B.   Customers

C.   Banking

D.   Employees

A.   Invoice

B.   Purchase Order

C.   Pay Bills

D.   Check

A.   Customer List

B.   All of the choices are correct

C.   Vendor List

D.   Item List

A.   Pay employees

B.   Make deposit

C.   Enter bills

D.   Record payments received from customers

A.   Pay sales tax

B.   Enter bills

C.   Record inventory received

D.   Create invoice

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.   Debited

B.   None of the choices are correct

C.   Reconciled

D.   Credited

A.   Deposits in transit

B.   Outstanding checks

C.   Interest earned

D.   Both deposits in transit and outstanding checks

A.   Enter Bills

B.   Receive Payments

C.   Pay Bills

D.   Make Deposits

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.   Sales Taxes

B.   None of the choices are correct

C.   Legal Services

D.   Rent Payments

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

B.   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

C.   None of the choices are correct

D.   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

A.   Accounts

B.   Invoices

C.   Checks

D.   Purchase orders

A.   Deposits recorded by the bank

B.   Outstanding checks

C.   Errors

D.   Checks that have cleared the bank

A.   Customers with Open Invoices

B.   Collections Reports

C.   All of the choices are correct

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.   Only partial payments received from customers

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

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

B.   Make Deposit > Customer & Job Name

C.   Create Sales Receipt > Record Deposits

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 a Create Invoices window

B.   Recorded in a Credit Card Sales window

C.   Recorded using the Create Sales Receipts window

D.   Recorded using the Enter Bills window

A.   Tax agencies such as the IRS

B.   Leasing companies

C.   Suppliers of inventory and supplies

D.   Customers purchasing goods

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

B.   Increases the Accounts Payable account and increases the Checking 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.   Before receiving a service

C.   When submitting a purchase order

D.   At the time of providing a service

A.   Create invoices

B.   Receive payments

C.   Enter bills

D.   Sell products

A.   Debit Accounts Payable, Credit Checking account

B.   Debit Accounts Payable, Credit Expense account

C.   Debit Expense account, Credit Accounts Payable

D.   Debit Checking account, Credit Accounts Payable

A.   All of the choices are correct

B.   Inventory items

C.   Non-inventory items

D.   Service items