Deck 6: December Source Documents

Question 1

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.

Answer 1

A

Question 2

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.

Answer 2

C

Question 3

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

Answer 3

True

Question 4

Who sends verification of credit card receipts?

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

Question 5

Identify the vendor who purchases Web servers.

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

Question 6

To see the appropriate report balances, type the date range.

Question 7

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.

Question 8

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

Question 9

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

Question 10

One of QB Cloud's customers is the Law Office of Williamson, Gallagher, and Katz.

Question 11

Sales receipts and remittances work together.

Question 12

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.

Question 13

The vendor Conf/Call purchases Webinars.

Question 14

One computer is sold for:

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

Question 15

When one Network product is sold, the rate is:

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

Question 16

The Transaction Register in Chapter 6 lists QB Cloud's deposits.

Question 17

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

Question 18

In Chapter 6, the Trial Balance is displayed from October 1 through December 30.

Question 19

After analyzing each source document, record the appropriate __________________:

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

Question 20

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.