Question

MULTIPLE CHOICE WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER. 3.11. The Customers List functions as the A. General Ledger B. Accounts Receivable Ledger C. Income Account D. Primary Account for each The Sales by Customer Detail report shows information about Customer A. Credit Sales B. Cash Sales C. Sales on Account D. All of the above QUICKBOOKS ONLINE PLUS: A Complete Course 2017 3.13. A Credit Memo s prepared to record a reduction to a transaction recorded on ain A Sales Receipt B. Invoice c. Deposit Slip D. Payment Receipt 3.14. When payment is made by the customer at the time of the sale, the transaction is recorded on ain) A. Invoice B. Payment Receipt C. Sales Receipt D. Refund Receipt payment. 3.15. When a payment is made for a sale on account, it may be a A Full B. Partia c. Both A and B D. Pay in advance 3.16. QuickBooks Online does not print A. Invoices 8. Sales Receipts C. Credit Memo and/or Refund Receipts D. Receive Payments 3.17. Receive Payments is used to record an A. Payment for an invoice B. Cash Sale C. Refund D. Bank Deposit 3.18. To view all entries recorded in Debit/Credit format, you prepare a A Journal B. Trial Balance C. Customer Balance Summary D. Transaction List report 9. When receiving a partial payment for an invoice, QuickBooks selects the_Invoice. A Most recent B. Largest balance c. Odest D. None of the above CHAPTER 3-Sales and Receivables: Service Items 3.20. Reports may be A. Printed B. Exported to Excel C. Emailed D. All of the above

Answer 1

3.11) B. Accounts receivable ledger

3.12) D. All of the above

3.13) B. Invoice

3.14) B. Payment receipt

3.15) B. Partial

3.16) A. Invoices

3.17) A. Payment for an invoice

3.18) B. Trail Balance

3.19) C. Oldest

3.20) D. All of the above