Answer Guide
The _____ basis of accounting matches income for the period against expenses for the period? -
ANS ✔✔Accrual
To change a column width in a report without changing the size of the print, you must? - ANS
✔✔Print the Report in landscape orientation
use Fit Report to one page wide option
change the column width manually
All of the Above
If an invoice is ______, it will not show up in the Customer Balance Detail Report? - ANS
✔✔Deleted
Adjustments for accrual basis accounting generally include adjustments to ______? - ANS
✔✔Office Supplies
A discount received for a purchase of an inventory item is recorded in the _____ account? - ANS
✔✔Cost of Goods Sold account: Merchandise Discounts
If a customer has a balance for an amount owed and a return is made, a credit memo is
prepared and _____? - ANS ✔✔the amount of the return may be applied to the balance owed
for the invoice
The Make Payment dialog box appears on the screen_____? - ANS ✔✔after the credit card
reconciliation is complete