Deck 6: December Source Documents

Question 1

One computer is sold for:

A)$500.00.
B)$1,000.00.
C)$900.00.
D)$450.00.
E)None of these.

Answer 1

B

Question 2

Identify the vendor who purchases Web servers.

A)eBiz.
B)Any Time Deployment.
C)CloudZ Channel.
D)Computers 2 You.
E)None of these.

Answer 2

C

Question 3

After analyzing each source document, record the appropriate __________:

A)Transfer.
B)Transaction.
C)Trial balance.
D)Customized report.
E)None of these.

Answer 3

B

Question 4

At the end of Chapter 6, the Transaction Detail by Account report is displayed from December 2 to December 31.

Question 5

The action of sending money in payment of a bill is called a/an:

A)Activity.
B)Transaction.
C)Remittance.
D)General journal entry.
E)None of these.

Question 6

In QBO, how are Credit Card Sales identified?

A)QBO defaults to Credit Card Sales.
B)As a vendor.
C)As a customer.
D)None.
E)All of these.

Question 7

When displaying the journal, it doesn't matter if the current year is shown for each transaction.

Question 8

For Credit Card Sales, what selections are made?

A)Create menu (+)> Sales Receipts.
B)Create menu (+)> Credit Card Credit.
C)Gear > Account and Settings > Advanced.
D)Gear > Manage Users.
E)None of these.

Question 9

Before completing the work within Chapter 6, check your data with the following report:

A)December 1 Trial Balance.
B)December 31 Trial Balance.
C)November 30 P&L.
D)November 1 Balance Sheet.
E)None of these.

Question 10

To see the Sales Tax Liability Report's Total, type the date range.

Question 11

Who sends verification of credit card receipts?

A)Customers.
B)Vendors.
C)Clients.
D)Bank.
E)None of these.

Question 12

The documents shown trigger transaction analysis for vendors, inventory, customers, cash and credit card sales.

Question 13

In Chapter 6, one of the customers is the Law Office of Williamson, Gallagher, and Katz.

Question 14

Receiving payment from a customer is recorded in the following way:

A)Customers page > select customer > Receive Payment.
B)Create menu (+)> Receive Payment.
C)Receive payment from the Customers page or the Create menu.
D)Gear icon > Account and Settings > Advanced.
E)None of these.

Question 15

On the Sales Receipts page, select the appropriate credit card name.

Question 16

The Transaction Register in Chapter 6 lists deposits.

Question 17

The vendor Conf/Call purchases Webinars.

Question 18

Sales receipts and remittances work together.

Question 19

The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).

Question 20

When one Network product is sold, the rate is:

A)$30.00.
B)$50.00.
C)$150.00.
D)$300.00
E)None of these.