1.) When entering a Bill with terms set as Net 30, which fields does QB use to...
Question:
1.) When entering a Bill with terms set as Net 30, which fields does QB use to compute the due date?
A. purchase order date
b. contract date
c. bill date
d. month end date
2.) When paying a bill in the pay bill screen and using the filter feature, which of the following fields are NOT available as filters?
a. terms
b. due date
c. payee name
d. overdue status
3.) You received several checks which will be deposited together, which "deposit to" account is most appropriate?
a. checking account
b. savings account
c. prepaid expenses
d. undeposited funds
4.) Where do you enter a credit card charge?
a. +New > vendors> expenses
b. Banking>banking>credit card charge
c. +new>vendors>credit card charge
d. Gear>tools>credit card charge
5.) Which external program is required to print checks?
a. Microsoft excel
b. Microsoft word
c. IBM check printer pro
d. adobe reader or another PDF reader
6.) Which of the following is not a correct path for opening a resister?
a. +New> other>bank register
b. Banking>banking> go to bank register
c. gear> all lists> chart of accounts> choose the correct register
d. accounting>charts of accounts> choose the correct register
7.) When reconciling a bank account where does one find the ending balance to enter on the reconciliation screen?
a. you will always enter $0
b. statement ending balance on the bank statement
c. Total cleared balance from prior month statement
d. Current balance in the bank register in QuickBooks
8.) Which accounts can you reconcile?
a. expenses
b. income
c. assets and liabilities
d. sales
9.) Which of the following is not an appropriate path that one can use to create an expense account?
a. +New>other>expense>new
b. gear>your company>charts of accounts>new
c. accounting>charts of accounts>new
d. gear>lists>all lists>charts of accounts>new
10) when searching for a check which fields can be used to search?
a. expense, reference No.
b. check number, amount, payee
c. expense, payee, amount
d. check number, expense date
11.) when searching for a transaction by dollar amount what is the best way to find transaction?
a. all transaction, reference No.
b. bills, amount
c. expense, payee
d. all transaction line, amount
12) which report will display total unpaid balance for each customer, grouped by days past due?
a. profit and loss
b. accounts payable aging summary
c. bill payments list
d. accounts receivable aging summary
13.) Which report will show revenue by customer?
a. accounts receivable summary
b. sales by customer
c. customer balance summary
d. estimates by customer
Expert Answer:
ANSWER 1 d monthend date In QuickBooks Commerce go to Settings then select Configuration Select the Payment Terms tab then select New Payment Term Enter the name of your payment term in the Name field ... View the full answer
