QuickBooks Chapter 7 Questions and Answers Rated A+

QuickBooks Chapter 7 Questions and Answers Rated A+ To enter Customer and Sales transactions From the Create (+) icon, select the appropriate customer transaction To enter Vendor and Expense transactions From the Create (+) icon, select the appropriate vendor transaction QuickBooks considers all of the following to be vendors except: Customers purchasing products Which of the following is a vendor transaction? Purchase Order We can update the Products and Services List at which of the following two points -Before entering transactions -Whie entering transactions Which of the following is a customer transaction? Invoice Types of products and services on the Products and Services List include: All of the above -Service -Non-inventory -Inventory Which of the following types of products and ervices track quantities? Inventory items The Purchase Order form is used to record which one of the following transactions? Products ordered from vendors Which of the following activities, and the QBO form used to record it, is incorrect? Receive customer payment, Pay Bills Indicate two of the following that show the order in which the following onscreen vendor transaction forms typically should be prepared Purchase OrderBillPay Bills Recording a purchase of products using QBO involves all of the following steps except: Create invoice to bill vendors for purchases To record a bill received that we will pay later, we use which of the following QBO forms? Bill Use the Pay Bills form only for: Bills that have been entered using the Bill form