100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
QuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct £9.37
Add to cart
Quickly navigate to
Preview
  2.  
  3. QuickBooks
  4.  
  5. QuickBooks

Exam (elaborations)

QuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct

 0 purchase
  • Module
  • QuickBooks
  • Institution
  • QuickBooks

QuickBooks Chapter 5 (2024/25); Questions and Answers 100% Correct If a return is made after an invoice has been paid in full, a refund check is issued along with a credit memo. True QuickBooks automatically applies a payment received to the most current invoice. False Sales tax will be c...

[Show more]

Preview 2 out of 7  pages

Document information

  • August 26, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • quickbooks chapter 5 202425
  • questions and answers 100 correct

Written for

  • QuickBooks
  • QuickBooks

Seller

avatar-seller
TheeGrades

Reviews received

Content preview

QuickBooks Chapter 5 (2024/25); Questions
and Answers 100% Correct
If a return is made after an invoice has been paid in full, a refund check is issued

along with a


credit memo. ✔✔True


QuickBooks automatically applies a payment received to the most


current invoice. ✔✔False


Sales tax will be calculated automatically on an invoice if a


customer is marked taxable. ✔✔True


A new sales item may be added only at the beginning of a period. ✔✔False


Items on a Sales Order are immediately removed from inventory. ✔✔False


Report formats may be customized. ✔✔True


The Discounts & Credits button on the Receive Payments window allows

discounts to be applied


to invoices being paid by clicking Cancel. ✔✔False


Cash sales are recorded in the Receive Payments window and marked paid.

✔✔False

, QuickBooks Chapter 5 (2024/25); Questions
and Answers 100% Correct
If a customer issues a check that is returned marked NSF, you may charge the

customer the


amount of the bank charges and any penalty charges you impose. ✔✔True


Sales tax must be calculated manually and added to sales receipts. ✔✔False


Information regarding details of a customer's balance may be obtained by

viewing ______.

A. the Trial Balance


B. the Customer Balance Summary Report


C. the Customer Balance Detail Report


D. an invoice for the customer ✔✔C. the Customer Balance Detail Report


Even though transactions are entered via business documents such as invoices

and sales receipts,


QuickBooks keeps track of all


transactions ______.


A. in a chart

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TheeGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £9.37. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69411 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling
£9.37
  • (0)
Add to cart
Added