A.   Record payments received from customers

B.   Enter bills

C.   Record deposits

D.   Pay employees

A.   Company address

B.   Federal ID Tax number

C.   Fiscal or calendar year

D.   Industry type

A.   Accounts Receivable

B.   Undeposited Funds

C.   Checking

D.   Accounts Payable

A.   All of the choices are correct

B.   Close temporary accounts at year end

C.   Close permanent accounts at year-end

D.   Bring account balances up to date at year end

A.   QBX

B.   QBW

C.   QBM

D.   QBB

A.   Materials Cost

B.   Items Sold

C.   Inventory Sold

D.   Cost of Goods Sold

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.   All of the choices are correct

B.   Profit & Loss

C.   None of the choices are correct

D.   Balance Sheet

A.   Sales and Customers

B.   Bills

C.   Time and Expenses

D.   Jobs and Estimates

A.   All of the choices are correct

B.   Home Page

C.   Menus

D.   Icon Bar

A.   Receive Inventory

B.   Create Estimates

C.   Receive Payments

D.   Create Invoices

A.   Enter bills

B.   Pay sales tax

C.   Create invoices

D.   Record inventory received

A.   Expense

B.   Retained Earnings

C.   Fixed Asset

D.   Owner's Equity

A.   Equity accounts

B.   Temporary accounts

C.   None of the choices are correct

D.   Permanent accounts

A.   Rent

B.   Advertising

C.   Accounts Receivable

D.   Utilities

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

B.   lists the accounts and account numbers

C.   Summarizes what a company owns and what it owes

D.   lists a company's assets

A.   Employee Expense Account

B.   Purchase Orders Account

C.   Inventory Account

D.   Accounts Payable Account

A.   To track information necessary for the accounting system.

B.   To calculate income.

C.   To identify owner's equity.

D.   To calculate expenses.

A.   Banking

B.   Vendors

C.   Company

D.   Customers

A.   Vendors

B.   Employees

C.   Banking

D.   Customers

A.   Invoice

B.   Purchase Order

C.   Pay Bills

D.   Check

A.   Item List

B.   Vendor List

C.   Customer List

D.   All of the choices are correct

A.   Make deposit

B.   Enter bills

C.   Record payments received from customers

D.   Pay employees

A.   Create invoice

B.   Record inventory received

C.   Pay sales tax

D.   Enter bills

A.   Keeps track of company deposits only

B.   Records payments and deposits to the Checking account

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

D.   Lists all accounts and their account numbers

A.   Debited

B.   None of the choices are correct

C.   Reconciled

D.   Credited

A.   Interest earned

B.   Outstanding checks

C.   Deposits in transit

D.   Both deposits in transit and outstanding checks

A.   Make Deposits

B.   Pay Bills

C.   Receive Payments

D.   Enter Bills

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

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

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

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

A.   Legal Services

B.   None of the choices are correct

C.   Sales Taxes

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.   Checks

B.   Accounts

C.   Purchase orders

D.   Invoices

A.   Outstanding checks

B.   Checks that have cleared the bank

C.   Deposits recorded by the bank

D.   Errors

A.   All of the choices are correct

B.   Collections Reports

C.   Customers with Open Invoices

D.   Accounts Receivable Aging Summary

A.   Make Deposit

B.   Create Sales Receipts

C.   Create Invoices

D.   Receive Payments

A.   Petty Cash funds

B.   Only partial payments received from customers

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

D.   Funds the company owes vendors

A.   Make Deposit > Customer & Job Name

B.   Receive Payment > Customer & Job Name

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

D.   Create Sales Receipt > Record Deposits

A.   Customers section of the Home Page

B.   Vendor section of the Home Page

C.   Customers Center

D.   Customers Menu

A.   Recorded in a Credit Card Sales window

B.   Recorded using a Create Invoices window

C.   Recorded using the Create Sales Receipts window

D.   Recorded using the Enter Bills window

A.   Customers purchasing goods

B.   Leasing companies

C.   Suppliers of inventory and supplies

D.   Tax agencies such as the IRS

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

B.   Decreases an Expense account and decreases the Checking account

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

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

A.   When submitting a purchase order

B.   After receiving a service

C.   Before receiving a service

D.   At the time of providing a service

A.   Create invoices

B.   Receive payments

C.   Sell products

D.   Enter bills

A.   Debit Checking account, Credit Accounts Payable

B.   Debit Expense account, Credit Accounts Payable

C.   Debit Accounts Payable, Credit Expense account

D.   Debit Accounts Payable, Credit Checking account

A.   Service items

B.   Inventory items

C.   All of the choices are correct

D.   Non-inventory items