QuickBooks Mayterm Chapter 3 Test;
Questions with Complete Solutions 2024/25
Update
1: The Navigation bar is where the link to the Sales center is located. True
2: You can create a statement, receipt, invoice, or other transaction using the
Action menu in the
Sales center. True
3: A sales...
QuickBooks Mayterm Chapter 3 Test;
Questions with Complete Solutions 2024/25
Update
1: The Navigation bar is where the link to the Sales center is located. ✔✔True
2: You can create a statement, receipt, invoice, or other transaction using the
Action menu in the
Sales center. ✔✔True
3: A sales transaction can only be recorded when the customer pays for the
product or service at
the time of the sale. ✔✔False
4: The sales form settings can be found in Account and Settings under the Your
Company
heading. ✔✔True
5: You cannot change the default settings on a sales form, but you can
implement other settings.
✔✔False
6: In the Reports center, the recommended reports are determined by the
business type you set up
, QuickBooks Mayterm Chapter 3 Test;
Questions with Complete Solutions 2024/25
Update
in the beginning. ✔✔True
7: Using the A/R Aging Summary report is useful for managing overdue invoices.
✔✔True
8: When the Sales center is displayed, you can see, among other items, _____.
✔✔the balance
each customer owes
9: In QuickBooks Online, a sub-customer is created _____. ✔✔to track multiple
projects,
locations, or members of a single customer
10: Which of the following statements is NOT true regarding sales receipts and
invoices?
✔✔The deposit in QuickBooks Online does not have to match the bank deposit
exactly.
11: In which account can you collect more than one payment before making a
deposit?
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