2025 Latest NREMT Certification Exam Prep Test Bank 3 with Questions and Correct
Answers (new!)
Which of the following statements is true regarding Undeposited Funds in QuickBooks? -
(answer)Undeposited Funds is an account used to record payments before you make a deposit.
What is one reason to not use a bank deposit or journal entry screen to record sales? - (answer)If you
record sales through the bank deposit or journal entry screen, the sale will not appear on sales reports.
Which form cannot be customized in QuickBooks? - (answer)Bill
Which three statements are true about setting up a product or service in QuickBooks Online? (Choose
three) - (answer)1. You can use one product/service to represent different services or goods.
2. Products/Services allow you to track your sales in more detail without cluttering your Chart of
Accounts or Profit & Loss.
3. To create an invoice, you can use either a product or a service.
You are setting up a new product you will frequently need to purchase for your company. You want
QuickBooks Online to provide fields to track the product. How do you set up a new product to be
tracked by QuickBooks? - (answer)Enable the box, "I purchase this product/service from a supplier."
What transaction should you enter if a customer returns a damaged product, or in the case of service,
complains so much you decide to write them a check for a refund? - (answer)Refund Receipt
For each statement below identify if the statement is True or False. - (answer)True: You can enter a
Sales Receipt if the Customer field is empty.
False: You can enter an Invoice if the Customer field is empty.
You can enter a Receive Payment if the customer field is empty.
For each statement below, determine whether it is related to QuickBooks Payments or traditional
Receive Payments. - (answer)QuickBooks Payments: These are automatically deposited in your bank
account.
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2025 Latest NREMT Certification Exam Prep Test Bank 3 with Questions and Correct
Answers (new!)
You customer clicks a link on their invoice email to pay via credit card.
Receive Payments: You must deposit these in the bank. You receive a check from your customer.
You made a sale, and the customer paid the entire amount in cash. How do you enter this sale into
QuickBooks Online? Put the steps for entering this sale in the correct order. Not all steps will be used. -
(answer)1. Click the "+ New" icon.
2. Select the Sales Receipt.
3. Enter the sale and payment information.
4. Save the transaction.
Which are considered services? Choose two answers. - (answer)1. Tile Installation
2. A Home Inspection
Which statements about inventory products are true? Choose two answers. - (answer)1. Inventory
products are tracked as assets on the balance sheet.
2. Inventory products will not be recorded on the balance sheet until they have been sold
What information is found in the header of a sales form? Choose three answers. - (answer)1. Email
Address
2. Phone Number
3. Business Name
What information can be customized in the email form? Choose three answers. - (answer)1. Subject Line
and Greeting
2. Full Details or Summarized Details
3. Message to Customer
Why do companies use customer discounts? Choose two answers. - (answer)1. To boost sales.