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Please Help me with homework Create purchase order to order items from vendor Receive item and record as inventory Create invoice order to bill customers

Please Help me with homework

Create purchase order to order items from vendor

Receive item and record as inventory

Create invoice order to bill customers for purchases

Receive bill and record obligation to pay vendor later

QUESTION 2

What QuickBooks activity comes next in this series of business activities:

Purchase Order > Receive Items > Enter Bills > ______

Receive Payments

Pay Bills

Deposit

Vendors List

QUESTION 3

Which order of tasks is used when purchasing inventory?

Enter Bills > Pay Bills

Enter Invoice > Write Check

Purchase Order > Receive Items > Receive Bill > Pay Bills

Purchase Requisition > Receive Inventory > Pay Bills

QUESTION 4

Which of the following activities and QuickBooks window used to record it is incorrect?

Sell goods and bill customers; Invoice

Record inventory information; Inventory List

Record vendor information; Vendors List

Order goods; Purchase Order

QUESTION 5

Which one of the following is usually classified as an inventory item?

Goods purchased for resale to customers

Items purchased and the quantity on hand does not need to be tracked

Items purchased and used by the company such as office supplies

Items purchased for a specific customer job

QUESTION 6

The Open Purchase Orders Report gives information about:

Purchase Orders for items ordered but not yet received.

All Purchase Orders.

Purchase Orders from domestic companies only.

Purchase Orders from foreign companies only.

QUESTION 7

How does QuickBooks categorize items?

Non-inventory items

Inventory items

Service items

All of the choices are correct

QUESTION 8

Which report provides information on items ordered but not received?

Accounts Payable Aging Detail

Accounts Payable Aging Summary

Open Purchase Orders Report

Physical Inventory Worksheet

QUESTION 9

Which window is used to pay sales taxes?

Create Invoice

Write Checks

Manage Sales Tax

Enter Bills

QUESTION 10

Which one of the following is not a vendor transaction?

Receive inventory

Make deposits

Order inventory

Receive bills

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