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AIS- QuickBooks Exam 2 Questions with Latest Update
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Before adding customers, check QBO's: - Answer-Account and Settings. The Customers page includes the: - Answer-All When cash sales are recorded, use: - Answer-Sales Receipt. What customers owe your business is known as: - Answer-Accounts receivable. The following transaction affects the...

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  • October 3, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ais quickbooks exam 2 questions with latest updat
  • before adding customers check qbos answer acc

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  • Quickbooks online
  • Quickbooks online

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AIS- QuickBooks Exam 2 Questions with
Latest Update
Before adding customers, check QBO's: - Answer-Account and Settings.

The Customers page includes the: - Answer-All

When cash sales are recorded, use: - Answer-Sales Receipt.

What customers owe your business is known as: - Answer-Accounts receivable.

The following transaction affects the customer's balance. - Answer-Credit memo.

To see customer transactions and account balances, display the: - Answer-A/R
Register.

Products and services are associated with this type of account: - Answer-Income.

In this type of report, each transaction's debit and credit is shown: - Answer-Journal.

The inventory valuation summary shows: - Answer-All

The Audit Log displays events occurred in: - Answer-Your local time.

The focus of Chapter 5 is customers and sales: - Answer-True

Starting data is displayed for 11/1/20XX. - Answer-False

A sales receipt is used for customer sales on account. - Answer-False

Credit transactions from customers are accounts payable transactions. - Answer-False

Credit memos apply returns to the customer's balance. - Answer-True

Registers can be used to look at transactions and account balances. - Answer-True

The November bank statement shows checking account activity through 10/30/20XX. -
Answer-False

On invoices and other sales transactions, you choose products and services. - Answer-
True

The Journal is an example of a specialized screen. - Answer-False

, The account distribution for an invoice includes debits to Account 105 Account
Receivable/customer and Account 501 Cost of Goods Sold; and credits to Account 401
Sales, and Account 115 Merchandise Inventory. - Answer-False

When issuing checks or ATMs for expenses, refer to the: - Answer-Transaction register.

To show the amount charged for earlier disbursements, select <Yes> to this window
prompt: - Answer-Auto Recall Dialog.

Vendor purchases are tracked by the following: - Answer-Bill number.

When customers pay what they owe, the check is payable to: - Answer-QB
Cloud_Student Name.

The terms of vendor payments are: - Answer-Net 30.

The Sales Receipts window is used for the following: - Answer-Cash and credit card
sales.

The trial balance account totals for the fourth quarter are the same as: - Answer-
Transaction detail by account.

The customer balance summary total agrees with this account balance: - Answer-
Account 105 Accounts Receivable

The vendor balance summary total agrees with this account balance: - Answer-Account
201 Accounts Payable.

The Inventory valuation Summary shows: - Answer-All of the above.

In Chapter 6, documents trigger transaction analysis. - Answer-True

A remittance is the action of sending money in payment of a bill. - Answer-True

To make sure you are starting in the correct place, display the 11/2/20XX to 11/30/20XX
trial balance. - Answer-False

In Chapter 6, all transactions occurred during November. - Answer-False

When customer payments are received, use the Sales Receipts window. - Answer-
False

Credit card receipts are entered on the Sales Receipts page or window. - Answer-True

Bills show a purchase amount as well as a remittance amount. - Answer-True

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