Accounting 120 - Computerized Accounting Systems » Spring 2023 » Ch 3 Quiz
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Accounting 120 - Computerized Accounting Systems ] course for $25 USD.
Existing Quiz Clients Login here
Question #1
The Item List can be accessed from which section of the Home Page?
A.
Banking
B.
Vendors
C.
Customers
D.
Company
Question #2
To use a memorized transaction, select:
A.
Select Navigation Bar > Recurring Transaction List
B.
Select Lists Menu > Memorized Transaction List
C.
None of the choices are correct
D.
Select Company section of the Home Page > Saved Transactions
Question #3
The onscreen form for recording bills received is accessed from which section of the Home Page:
A.
Employees
B.
Customers
C.
Vendors
D.
Banking
Question #4
Customer transactions include which of the following?
A.
Enter Bills
B.
Pay Bills
C.
Write Checks
D.
Receive Payments
Question #5
When a customer deposit is recorded using the Make Deposits window, behind the screen QuickBooks converts the transactions into a journal entry that:
A.
Debits Checking account, Credits Undeposited Funds
B.
Debits Accounts Receivable, Credits Checking account
C.
Debits Checking account, Credits Accounts Receivable
D.
Credits Checking account, Debits Undeposited Funds
Question #6
In QuickBooks, information about transactions can be entered in onscreen forms, such as:
A.
Invoice
B.
All of the choices are correct
C.
Purchase Order
D.
Check
Question #7
When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that:
A.
Debits Expense account, Credits Accounts Payable
B.
Debits Accounts Receivable, Credits Checking account
C.
Debits Checking account, Credits Undeposited Funds
D.
Credits Checking account, Debits Accounts Payable
Question #8
Which of the following transactions is considered a Vendors and Expenses transaction?
A.
Receive Payment
B.
Make Deposit
C.
Pay Bills
D.
Invoice
Question #9
All of the following are one of the four main categories of transactions in QuickBooks except?
A.
Vendors
B.
Customers
C.
Owners
D.
Banking
Question #10
Which of the following is a Vendor transaction?
A.
Receive Inventory
B.
Create Invoices
C.
Create Estimates
D.
Receive Payments
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Accounting 120 - Computerized Accounting Systems ] course for $25 USD.
Existing Quiz Clients Login here