Question

Please Help me with homework

QUESTION 11

Vendor reports can be accessed in QuickBooks in all of the following ways except:

		Reports Center
		Vendors Center
		Reports Menu
		All of the choices are correct

QUESTION 12

Which one of the following activities is not shown in the Vendors section of the Home page?

		Write Checks
		Pay Sales Taxes
		Pay Bills
		Purchase Orders

QUESTION 13

Sales taxes are:

		Charged on sales to other retailers
		Charged on retail sales to customers
		Paid by the retailer on sales to vendors
		Paid by the vendor

QUESTION 14

If you received inventory without a bill, once the bill has arrived you could do all of the following, except:

		Enter the bill against the inventory already recorded
		Enter the inventory and then enter the bill separately
		Enter the bill and wait for the inventory to arrive
		Enter the inventory and bill at the same time

QUESTION 15

Which of the following reports is typically used when counting inventory on hand?

		Inventory Valuation Summary
		Inventory Valuation Detail
		Inventory Stock Status by Item
		Physical Inventory Worksheet

QUESTION 16

The Purchase Orders window is used to record which one of the following transactions?

		A customer order to purchase goods
		An order to purchase goods from a vendor
		Services received but not yet paid
		Cash purchases of supplies

QUESTION 17

The Physical Inventory Worksheet is used when:

		inventory items are physically placed in the warehouse
		the computer system goes down
		taking a physical count of inventory on hand
		All of the choices are correct

QUESTION 18

What QuickBooks activity comes next in this series of business activities:

Invoice > Receive Payments > ______

		Make Deposit
		Receive Payments
		Pay Bills
		Vendors List

QUESTION 19

A non-inventory item is:

		Goods purchased for resale to customers
		An item purchased for a specific customer job
		A service purchased from a vendor
		A service sold to a vendor

QUESTION 20

The Inventory Stock Status by Item report is used when:

		Vendors offer a purchase discount on inventory items
		A list is needed of the quantity of inventory on hand and on order
		The computers go down
		Inventory items are physically placed in the warehouse

Answer 1