Subitems do NOT affect the accounting behind the scenes True
To edit an existing transaction in QuickBooks, you void it and the re-create it False
Lists in QuickBooks are used for storing your list of accounts False
You CANNOT add information to a customer entry; you must enter the informati...
QuickBooks Chapter 5 Questions and
Answers 100% Pass
Before adding customers, check quickbooks:
A) vendors
B) inventory
C) accounts and settings
D) products and services list ✔✔C) accounts and settings
The customer page includes the:
A)Adding a new customer.
B)Customer list.
C)Create invoice.
D)Export to Excel.
E)All. ✔✔E)All
When cash sales are recorded, use:
A)Invoice.
B)Bill.
, C)Customer payment.
D)Sales Receipt.
E)None. ✔✔D)Sales Receipt
What customers owe your business is known as:
A)Accounts payable.
B)Invoices.
C)Accounts receivable.
D)Account register.
E)All. ✔✔C)Accounts receivable
The following transaction affects the customer's balance:
A)Credit memo.
B)A/P transaction.
C)Bill.
D)Register.
E)None. ✔✔A)Credit memo
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