Which one is NOT a Transaction Cycle in QuickBooks?

A. Banking

B. Vendors

C. Lists

D. Customers

3. Which form do you use to get paid by a customer who purchased products from you in Quickbooks?

A. Create Invoices

B. Enter Bills

C. Receive Payments

D. Write Cheques

4. Which statement about revenue is true in Quickbooks?

A. Every deposit brings revenue into the business.

B. Revenue is earned by business activities.

C. Only sales and interest are considered revenue.

D. A capital contribution is a businesss first revenue.

5. Which choice describes one key point about making a deposit in Quickbooks?

A. Making deposits always requires the use of the Make Deposits form.

B. Every sales receipt must go in the Chequing GL account individually.

C. The deposit total in QuickBooks should match the deposit amount on the bank statement

D. The Deposit To choice in the Make Deposits form must be the Chequing account.