Question 1

One of Cloud_Ware's customers is the Law Office of Williamson,Gallagher,and Katz.

Accepted Answer

A) True 
 B)False

Question 2

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.F) All of the above
G) C) and D)

Question 3

The vendor Conf/Call purchases Webinars.

Accepted Answer

A) True 
 B)False  True

Question 4

Identify the vendor who purchases Web servers.

Accepted Answer

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

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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.F) A) and B)
G) B) and C) C

Question 8

The Transaction Register in Chapter 6 lists Cloud_Ware's deposits.

Accepted Answer

A) True 
 B)False

Question 9

Who sends verification of credit card receipts?

Accepted Answer

A)  Customers.
B)  Vendors.
C)  Clients.
D)  The bank.
E)  None.F) C) and D)
G) A) and B)

Question 10

To see the appropriate report balances,type the date range.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Sales receipts and remittances work together.

Accepted Answer

A) True 
 B)False

Question 13

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.F) A) and D)
G) B) and C)

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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.F) A) and D)
G) B) and C)

Question 16

After analyzing each source document,record the appropriate __________________:

Accepted Answer

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

Question 17

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.F) C) and E)
G) A) and E)

Question 18

One computer is sold for:

Accepted Answer

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

Question 19

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.F) C) and E)
G) D) and E)

Question 20

In Chapter 6,the Trial Balance is displayed from October 1 through December 30.

Accepted Answer

A) True 
 B)False

Exam 6: December Source Documents

One of Cloud_Ware's customers is the Law Office of Williamson,Gallagher,and Katz.

Correct AnswerverifiedShow Answer

In QBO,how are Credit Card Sales identified?

Correct AnswerverifiedShow Answer

The vendor Conf/Call purchases Webinars.

Correct AnswerverifiedTrue

Identify the vendor who purchases Web servers.

Correct AnswerverifiedC

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedC

The Transaction Register in Chapter 6 lists Cloud_Ware's deposits.

Correct AnswerverifiedShow Answer

Who sends verification of credit card receipts?

Correct AnswerverifiedShow Answer

To see the appropriate report balances,type the date range.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Sales receipts and remittances work together.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When one Network product is sold,the rate is:

Correct AnswerverifiedShow Answer

After analyzing each source document,record the appropriate __________________:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

One computer is sold for:

Correct AnswerverifiedShow Answer

For Credit Card Sales,what selections are made?

Correct AnswerverifiedShow Answer

In Chapter 6,the Trial Balance is displayed from October 1 through December 30.

Correct AnswerverifiedShow Answer

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