QuickBooks Chapter 9 Questions and
Answers Already Passed
On the Check # page, what icon is used to display checks issued? ✔✔Clock icon
What information from the Transaction Register does the Check # page verify? ✔✔Check
numbers, expense amounts, and balances
On the Vendors page, how do you make payments? ✔✔Link to a vendor that shows an open
balance > click Make payment
For expenses to be paid immediately, use this selection. ✔✔Check.
Use this selection for payables (received items to be paid later). ✔✔Bill.
Use this selection for credit card payments. ✔✔Sales receipt.
For sales on account, use this selection. ✔✔Invoice
, What link on the Customer's page shows that customers have not paid? ✔✔Receive payment.
What link on the Vendors page shows what is owed? ✔✔Make payment.
The Dashboard shows the current balance for? ✔✔All of these:
Profit and Loss.
Bank
Expenses.
Invoices and Sales.
What account is tracked when you create an invoice and add a sales receipt? ✔✔Inventory.
What report shows how much you owe to sales tax agencies? ✔✔Sales tax liability report.
How are sales taxes determined? ✔✔All of these:
The amount of sales tax collected varies from state to state.
Each state sets a sales tax rate.
Counties, cities, and other localities can set their own rates.
Answers Already Passed
On the Check # page, what icon is used to display checks issued? ✔✔Clock icon
What information from the Transaction Register does the Check # page verify? ✔✔Check
numbers, expense amounts, and balances
On the Vendors page, how do you make payments? ✔✔Link to a vendor that shows an open
balance > click Make payment
For expenses to be paid immediately, use this selection. ✔✔Check.
Use this selection for payables (received items to be paid later). ✔✔Bill.
Use this selection for credit card payments. ✔✔Sales receipt.
For sales on account, use this selection. ✔✔Invoice
, What link on the Customer's page shows that customers have not paid? ✔✔Receive payment.
What link on the Vendors page shows what is owed? ✔✔Make payment.
The Dashboard shows the current balance for? ✔✔All of these:
Profit and Loss.
Bank
Expenses.
Invoices and Sales.
What account is tracked when you create an invoice and add a sales receipt? ✔✔Inventory.
What report shows how much you owe to sales tax agencies? ✔✔Sales tax liability report.
How are sales taxes determined? ✔✔All of these:
The amount of sales tax collected varies from state to state.
Each state sets a sales tax rate.
Counties, cities, and other localities can set their own rates.
