QuickBooks Chapter 2 Test Latest
Update Graded A+
Subitems do NOT affect the accounting behind the scenes ✔✔True
To edit an existing transaction in QuickBooks, you void it and the re-create it ✔✔False
Lists in QuickBooks are used for storing your list of accounts ✔✔False
You CANNOT add information to a customer entry; you must enter the information into a job
✔✔False
You CANNOT edit a customer record after it has been created ✔✔False
You CANNOT merge more than two customer names at one time ✔✔True
Non-inventory items are tracked in the Cost of Goods account ✔✔True
, Use a sales graph to display your sales by item, customer, or rep. ✔✔True
What type of information can the Search feature help you find? ✔✔List Entries
Before you can add something to an invoice, it must be created as a(n): ✔✔Item
What must you specify when creating an invoice? ✔✔Customer
Carlos has many customers in his company file and it's getting difficult for him to navigate
through them all. He wants to clean up his list of customers by removing those he's pretty sure
won't be coming in again. How can Carlos do this? ✔✔He can mark the unwanted customers as
inactive
What happens behind the scenes if you don't use the Receive Payments window to record a
payment on an invoice? ✔✔Income will be overstated and Accounts Receivable will not be
cleared out
To remove a transaction and still retain a record of it, use the ____ command ✔✔Void
Update Graded A+
Subitems do NOT affect the accounting behind the scenes ✔✔True
To edit an existing transaction in QuickBooks, you void it and the re-create it ✔✔False
Lists in QuickBooks are used for storing your list of accounts ✔✔False
You CANNOT add information to a customer entry; you must enter the information into a job
✔✔False
You CANNOT edit a customer record after it has been created ✔✔False
You CANNOT merge more than two customer names at one time ✔✔True
Non-inventory items are tracked in the Cost of Goods account ✔✔True
, Use a sales graph to display your sales by item, customer, or rep. ✔✔True
What type of information can the Search feature help you find? ✔✔List Entries
Before you can add something to an invoice, it must be created as a(n): ✔✔Item
What must you specify when creating an invoice? ✔✔Customer
Carlos has many customers in his company file and it's getting difficult for him to navigate
through them all. He wants to clean up his list of customers by removing those he's pretty sure
won't be coming in again. How can Carlos do this? ✔✔He can mark the unwanted customers as
inactive
What happens behind the scenes if you don't use the Receive Payments window to record a
payment on an invoice? ✔✔Income will be overstated and Accounts Receivable will not be
cleared out
To remove a transaction and still retain a record of it, use the ____ command ✔✔Void
