QBO Chapter 7 Exam UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

QBO Chapter 7 Exam UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS
Which of the following is a Customers transaction? - CORRECT ANSWER Invoice



Types of products and services on the Products and Services List include: - CORRECT
ANSWER ✓Service

✓Non-inventory

✓Inventory



All of these choices are correct


We can update the Products and Services List at which of the following two points: -
CORRECT ANSWER Before entering transactions

While entering transactions



Which of the following activities, and the QBO form used to record it, is incorrect? -
CORRECT ANSWER Receive customer payment, Pay Bills



The Purchase Order form is used to record which one of the following transactions? -
CORRECT ANSWER Products ordered from vendors



Expense - CORRECT ANSWER The onscreen form used to record products and
services that we pay for at the time we receive the product or service with cash, credit card, or
check



Check - CORRECT ANSWER This form can be used when we pay for products and
services at the time of purchase, but cannot be used when we pay with cash or credit card