Deck 6: December Source Documents

Question 1

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

Answer 1

True

Question 2

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.

Answer 2

A

Question 3

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 3

C

Question 4

Who sends verification of credit card receipts?

A)Customers.
B)Vendors.
C)Clients.
D)The bank.
E)None.

Question 5

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.

Question 6

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.

Question 7

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 8

One computer is sold for:

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

Question 9

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

Question 10

The vendor Conf/Call purchases Webinars.

Question 11

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

Question 12

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

Question 13

Sales receipts and remittances work together.

Question 14

After analyzing each source document,record the appropriate __________________:

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

Question 15

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

Question 16

When one Network product is sold,the rate is:

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

Question 17

Identify the vendor who purchases Web servers.

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

Question 18

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

Question 19

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

Question 20

The Transaction Register in Chapter 6 lists Cloud_Ware's deposits.