1|Page
ACC150 Managerial Accounting Benchmark 2
Checkpoints scored 125.00 out of 125.00
Straighterline||Verified Exam!!!
QuickBooks provides
Select one:
a.pre-formatted letters that may be used in certain
business circumstances and that may be customized
based on a company's need.
Correct
b.pre-formatted letters that are found in the Reports menu
and customized based on a company's need.
c.formatted letters that are available without customization
for all business circumstances.
d.a link to Microsoft Word. - Answers-A
Once activated, Time Tracking
Select one:
a.must be used to create invoices.
b.requires that the Weekly Timesheet be used to record
employee payroll.
c.provides access to the Weekly Timesheet window.
,2|Page
Correct
d.allows Job files to be created. - Answers-C
Which statement is true?
Select one:
a.A customer with a balance or a customer who has been
part of a transaction for the current accounting period can
be deleted or marked inactive.
b.The Item List window indicates only whether an item is a
service item or inventory sold. You enter a description, rate
per unit, and default general ledger posting account in the
Create Invoices window.
c.A file for each customer does not need to be established
in the Customer Center before entering transactions for
customers.
d.In the Customer Center, you can list all customers and
jobs, only active customers, or only customers with current
balances due. - Answers-D
Bank statements detail the activity in the account for the
month but do not show
Select one:
a.earned interest and service charges.
, 3|Page
b.the balance on the company's records.
c.checks that have cleared (were paid by) the bank.
d.deposits (or other additions) to the account - Answers-B
Vendor Reports in QuickBooks
Select one:
a.include the Unpaid Bills Detail report, the Vendor
Balance Detail report, and the Vendor Contact List report.
Correct
b.reflect the information and activities recorded in all
Activities windows.
c.include only the Vendor Balance Detail and Vendor
Contact List reports.
d.are not customizable. - Answers-A
The menu title is in _____ when it is active and can be
chosen.
Select one:
a.red font
b.blue font
ACC150 Managerial Accounting Benchmark 2
Checkpoints scored 125.00 out of 125.00
Straighterline||Verified Exam!!!
QuickBooks provides
Select one:
a.pre-formatted letters that may be used in certain
business circumstances and that may be customized
based on a company's need.
Correct
b.pre-formatted letters that are found in the Reports menu
and customized based on a company's need.
c.formatted letters that are available without customization
for all business circumstances.
d.a link to Microsoft Word. - Answers-A
Once activated, Time Tracking
Select one:
a.must be used to create invoices.
b.requires that the Weekly Timesheet be used to record
employee payroll.
c.provides access to the Weekly Timesheet window.
,2|Page
Correct
d.allows Job files to be created. - Answers-C
Which statement is true?
Select one:
a.A customer with a balance or a customer who has been
part of a transaction for the current accounting period can
be deleted or marked inactive.
b.The Item List window indicates only whether an item is a
service item or inventory sold. You enter a description, rate
per unit, and default general ledger posting account in the
Create Invoices window.
c.A file for each customer does not need to be established
in the Customer Center before entering transactions for
customers.
d.In the Customer Center, you can list all customers and
jobs, only active customers, or only customers with current
balances due. - Answers-D
Bank statements detail the activity in the account for the
month but do not show
Select one:
a.earned interest and service charges.
, 3|Page
b.the balance on the company's records.
c.checks that have cleared (were paid by) the bank.
d.deposits (or other additions) to the account - Answers-B
Vendor Reports in QuickBooks
Select one:
a.include the Unpaid Bills Detail report, the Vendor
Balance Detail report, and the Vendor Contact List report.
Correct
b.reflect the information and activities recorded in all
Activities windows.
c.include only the Vendor Balance Detail and Vendor
Contact List reports.
d.are not customizable. - Answers-A
The menu title is in _____ when it is active and can be
chosen.
Select one:
a.red font
b.blue font
