100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
QuickBooks Certification Practice Exam (Purchases) Questions and Answers $10.49   Add to cart

Exam (elaborations)

QuickBooks Certification Practice Exam (Purchases) Questions and Answers

 3 views  0 purchase
  • Course
  • Quickbooks online
  • Institution
  • Quickbooks Online

Suppose you have a subcontractor who receives a 1099 from your company. Which list should you add them to? a. Employee List b. Vendor List c. Other Names List d. Class List - Answer-b. Vendor List This is the correct answer When should you NEVER delete a check? a. You recorded...

[Show more]

Preview 1 out of 3  pages

  • October 3, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Quickbooks online
  • Quickbooks online
avatar-seller
lectknancy
QuickBooks Certification Practice Exam
(Purchases) Questions and Answers
Suppose you have a subcontractor who receives a 1099 from your company. Which
list should you add them to?

a. Employee List
b. Vendor List
c. Other Names List
d. Class List - Answer-b. Vendor List
This is the correct answer

When should you NEVER delete a check?

a. You recorded a check but have not printed it yet.
b. You printed a check on blank paper but now realize you don't want to record the
check.
c. You accidentally recorded the same check (with the same check number) twice.
d. You printed a check, and the check number has been used. - Answer-d. You printed
a check, and the check number has been used.
This is the correct answer. If a check number has been used, you must
account for it. By voiding the check, you keep a record of the check
number and show that the check is voided. You also ensure that
QuickBooks will warn you if you try to record that same check
number again.

What methods for purchasing can be recorded using the Write Checks window?

a. Debit card purchase
b. Petty cash purchase
c. ATM withdrawal
d. All of the above - Answer-d. All of the above
This is the correct answer.

How do you track accounts payable in QuickBooks?

a. Enter a bill, and then use the Write Checks window.
b. Write a check, and then mark it as "pending" until you pay it.

c. Enter a bill, and then use the Pay Bills window.
d. You can't track accounts payable. - Answer-c. Enter a bill, and then use the Pay Bills
window.
This is the correct answer. If you enter a bill, you MUST use the Pay
Bills window to pay the bill.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78861 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart