Question 1

When displaying the journal, it doesn't matter if the current year is shown for each transaction.

Accepted Answer

A) True 
 B)False  False

Question 2

Before completing the work within Chapter 6, check your data with the following report:

Accepted Answer

A)  December 1 Trial Balance.
B)  December 31 Trial Balance.
C)  November 30 P&L.
D)  November 1 Balance Sheet.
E)  None of these.F) C) and D)
G) B) and D)

Question 3

After analyzing each source document, record the appropriate __________:

Accepted Answer

A)  Transfer.
B)  Transaction.
C)  Trial balance.
D)  Customized report.
E)  None of these.F) A) and B)
G) C) and E)

Question 4

When one Network product is sold, the rate is:

Accepted Answer

A)  $30.00.
B)  $50.00.
C)  $150.00.
D)  $300.00
E)  None of these.F) B) and C)
G) A) and E)

Question 5

Receiving payment from a customer is recorded in the following way:

Accepted Answer

A)  Customers page > select customer > Receive Payment.
B)  Create menu (+) > Receive Payment.
C)  Receive payment from the Customers page or the Create menu.
D)  Gear icon > Account and Settings > Advanced.
E)  None of these.F) C) and E)
G) C) and D) C

Question 6

For Credit Card Sales, what selections are made?

Accepted Answer

A)  Create menu (+) > Sales Receipts.
B)  Create menu (+) > Credit Card Credit.
C)  Gear > Account and Settings > Advanced.
D)  Gear > Manage Users.
E)  None of these.F) A) and D)
G) C) and D)

Question 7

The documents shown trigger transaction analysis for vendors, inventory, customers, cash and credit card sales.

Accepted Answer

A) True 
 B)False

Question 8

The vendor Conf/Call purchases Webinars.

Accepted Answer

A) True 
 B)False

Question 9

The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).

Accepted Answer

A) True 
 B)False

Question 10

One computer is sold for:

Accepted Answer

A)  $500.00.
B)  $1,000.00.
C)  $900.00.
D)  $450.00.
E)  None of these.F) B) and E)
G) B) and D) B

Question 11

The Transaction Register in Chapter 6 lists deposits.

Accepted Answer

A) True 
 B)False

Question 12

At the end of Chapter 6, the Transaction Detail by Account report is displayed from December 2 to December 31.

Accepted Answer

A) True 
 B)False

Question 13

Identify the vendor who purchases Web servers.

Accepted Answer

A)  eBiz.
B)  Any Time Deployment.
C)  CloudZ Channel.
D)  Computers 2 You.
E)  None of these.F) A) and D)
G) B) and D)

Question 14

On the Sales Receipts page, select the appropriate credit card name.

Accepted Answer

A) True 
 B)False

Question 15

In QBO, how are Credit Card Sales identified?

Accepted Answer

A)  QBO defaults to Credit Card Sales.
B)  As a vendor.
C)  As a customer.
D)  None.
E)  All of these.F) C) and D)
G) A) and B)

Question 16

In Chapter 6, one of the customers is the Law Office of Williamson, Gallagher, and Katz.

Accepted Answer

A) True 
 B)False

Question 17

To see the Sales Tax Liability Report's Total, type the date range.

Accepted Answer

A) True 
 B)False

Question 18

Who sends verification of credit card receipts?

Accepted Answer

A)  Customers.
B)  Vendors.
C)  Clients.
D)  Bank.
E)  None of these.F) B) and E)
G) A) and E)

Question 19

Sales receipts and remittances work together.

Accepted Answer

A) True 
 B)False

Question 20

The action of sending money in payment of a bill is called a/an:

Accepted Answer

A)  Activity.
B)  Transaction.
C)  Remittance.
D)  General journal entry.
E)  None of these.F) A) and C)
G) B) and E)

Exam 6: December Source Documents

When displaying the journal, it doesn't matter if the current year is shown for each transaction.

Correct AnswerverifiedFalse

Before completing the work within Chapter 6, check your data with the following report:

Correct AnswerverifiedShow Answer

After analyzing each source document, record the appropriate __________:

Correct AnswerverifiedShow Answer

When one Network product is sold, the rate is:

Correct AnswerverifiedShow Answer

Receiving payment from a customer is recorded in the following way:

Correct AnswerverifiedC

For Credit Card Sales, what selections are made?

Correct AnswerverifiedShow Answer

The documents shown trigger transaction analysis for vendors, inventory, customers, cash and credit card sales.

Correct AnswerverifiedShow Answer

The vendor Conf/Call purchases Webinars.

Correct AnswerverifiedShow Answer

The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).

Correct AnswerverifiedShow Answer

One computer is sold for:

Correct AnswerverifiedB

The Transaction Register in Chapter 6 lists deposits.

Correct AnswerverifiedShow Answer

At the end of Chapter 6, the Transaction Detail by Account report is displayed from December 2 to December 31.

Correct AnswerverifiedShow Answer

Identify the vendor who purchases Web servers.

Correct AnswerverifiedShow Answer

On the Sales Receipts page, select the appropriate credit card name.

Correct AnswerverifiedShow Answer

In QBO, how are Credit Card Sales identified?

Correct AnswerverifiedShow Answer

In Chapter 6, one of the customers is the Law Office of Williamson, Gallagher, and Katz.

Correct AnswerverifiedShow Answer

To see the Sales Tax Liability Report's Total, type the date range.

Correct AnswerverifiedShow Answer

Who sends verification of credit card receipts?

Correct AnswerverifiedShow Answer

Sales receipts and remittances work together.

Correct AnswerverifiedShow Answer

The action of sending money in payment of a bill is called a/an:

Correct AnswerverifiedShow Answer

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