Question

10. QuickBooks can handle which of the following types of payment scenarios:

a. Prepayment of a product or service

b. Down payment towards a product or service

c. Overpayments from a customer

d. Partial payments from a customer

e. All of the above

11. Why would you uncheck the ‘Bill Received’ checkbox when entering a bill on the ‘Enter Bills’ Screen?

a. To keep inventory up to date when you have received items but have not received the corresponding bill

b. When you do not want the bill to be printed

c. If there is a discrepancy between the bill received and your expectations

d. If you are not planning on paying the bill until closer to its due date

e. All of the above

12. You want to run a ‘Profit and Loss’ report. In which reporting category would you find it?

a. Company & Financial

b. Customers & Receivables

c. Sales Reports

d. Purchases Reports

Answer 1

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