A.   Enter bills

B.   Pay employees

C.   Record deposits

D.   Record payments received from customers

A.   Industry type

B.   Company address

C.   Fiscal or calendar year

D.   Federal ID Tax number

A.   Accounts Receivable

B.   Checking

C.   Accounts Payable

D.   Undeposited Funds

A.   Close temporary accounts at year end

B.   Close permanent accounts at year-end

C.   All of the choices are correct

D.   Bring account balances up to date at year end

A.   QBB

B.   QBW

C.   QBM

D.   QBX

A.   Items Sold

B.   Materials Cost

C.   Cost of Goods Sold

D.   Inventory Sold

A.   Create Purchase Order > Receive Payment > Make Deposits

B.   Create Invoice > Receive Payment > Record Deposits

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

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

A.   None of the choices are correct

B.   Profit & Loss

C.   All of the choices are correct

D.   Balance Sheet

A.   Time and Expenses

B.   Jobs and Estimates

C.   Sales and Customers

D.   Bills

A.   All of the choices are correct

B.   Menus

C.   Icon Bar

D.   Home Page

A.   Receive Payments

B.   Create Invoices

C.   Create Estimates

D.   Receive Inventory

A.   Pay sales tax

B.   Record inventory received

C.   Enter bills

D.   Create invoices

A.   Fixed Asset

B.   Retained Earnings

C.   Expense

D.   Owner's Equity

A.   None of the choices are correct

B.   Equity accounts

C.   Permanent accounts

D.   Temporary accounts

A.   Accounts Receivable

B.   Rent

C.   Utilities

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 the accounts and account numbers

D.   lists a company's assets

A.   Accounts Payable Account

B.   Inventory Account

C.   Purchase Orders 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.   Banking

B.   Customers

C.   Company

D.   Vendors

A.   Customers

B.   Banking

C.   Employees

D.   Vendors

A.   Check

B.   Invoice

C.   Purchase Order

D.   Pay Bills

A.   Vendor List

B.   Item List

C.   All of the choices are correct

D.   Customer List

A.   Enter bills

B.   Make deposit

C.   Pay employees

D.   Record payments received from customers

A.   Pay sales tax

B.   Create invoice

C.   Record inventory received

D.   Enter bills

A.   Records payments and deposits to the Checking account

B.   Lists all accounts and their account numbers

C.   Keeps track of company deposits only

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

A.   Reconciled

B.   Debited

C.   Credited

D.   None of the choices are correct

A.   Outstanding checks

B.   Deposits in transit

C.   Both deposits in transit and outstanding checks

D.   Interest earned

A.   Enter Bills

B.   Pay Bills

C.   Receive Payments

D.   Make Deposits

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

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

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

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

A.   Rent Payments

B.   None of the choices are correct

C.   Legal Services

D.   Sales Taxes

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

B.   None of the choices are correct

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 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.   Checks

B.   Purchase orders

C.   Invoices

D.   Accounts

A.   Outstanding checks

B.   Checks that have cleared the bank

C.   Errors

D.   Deposits recorded by the bank

A.   Customers with Open Invoices

B.   Accounts Receivable Aging Summary

C.   Collections Reports

D.   All of the choices are correct

A.   Make Deposit

B.   Create Sales Receipts

C.   Receive Payments

D.   Create Invoices

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.   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 Center

C.   Vendor section of the Home Page

D.   Customers Menu

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.   Tax agencies such as the IRS

B.   Leasing companies

C.   Customers purchasing goods

D.   Suppliers of inventory and supplies

A.   Decreases an Expense account and decreases the Checking account

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

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

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

A.   When submitting a purchase order

B.   At the time of providing a service

C.   Before receiving a service

D.   After receiving a service

A.   Create invoices

B.   Receive payments

C.   Sell products

D.   Enter bills

A.   Debit Accounts Payable, Credit Checking account

B.   Debit Checking account, Credit Accounts Payable

C.   Debit Accounts Payable, Credit Expense account

D.   Debit Expense account, Credit Accounts Payable

A.   All of the choices are correct

B.   Non-inventory items

C.   Inventory items

D.   Service items