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Accounting Expert Answers & Study Resources : Page 224

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81) Inventory reporting is located under the Inventory category of the: A) Report Center. B) Inventory & Services. C) In-stock Inventory. D) none of the above. 82) The inventory report used to show the cost and retail value of each inventory item is called the: A) Physical Inventory Summary report. B) Inventory Profitability Summary report. C) Inventory Valuation.

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  • 81) Inventory reporting located under the Inventory category of the: A)
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71) To trace the audit trail for transactions posted to vendor accounts, select Reports>>Vendor & Payables>>: A) Transaction List by Vendor. B) Transaction Accounts. C) Transaction List by Payables. D) Payables List. 72) To void a check, open the Vendor Center and locate it by selecting the Transactions tab and choosing: A) Bill Payments. B) Bills. C) Payments. D).

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  • 71) To trace the audit trail for transactions posted to
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51) W-2s are sent to employees on a: A) yearly basis. B) monthly basis. C) quarterly basis. D) biweekly basis. 52) You should reconcile employee wages report on Form 941 with the: A) Employees Wages report. B) Employer Summary report. C) Company Earning Summary report. D) Employees Earning Summary report. 53) Gross pay minus total payroll tax withholdings and total.

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  • 51) W-2s sent to employees a: A) yearly basis. B) monthly basis. C)
  • Accounting
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31) The button on the Vendor Center used to edit vendor account information is the: A) Vendors Information. B) Vendors Activities. C) Edit Notes. D) Edit Vendor. 32) The button on the Vendor Center that edits account notes is the: A) Vendors Information. B) Vendors Activities. C) Edit Notes. D) Edit Vendor. 33) On the Vendors tab of the Vendor.

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  • 31) The button the Vendor Center used to edit vendor
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41) The button that opens customer accounts for editing customer information is the: A) Edit Customers. B) Edit Information. C) Edit Notes. D) Edit Accounts. 42) The button that lets you enter account notes is called the: A) Edit Customers. B) Edit Information. C) Edit Notes. D) Edit Accounts. 43) On the Customer center, customer filter options include: A) Show. B) Filter.

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  • 41) The button that opens customer accounts for editing customer
  • Accounting
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71) On the Transactions tab in the Customer center, you can create an Excel workbook or comma separated values (.csv) file containing transactions listed on the right by selecting: A) Export. B) Document Transfer. C) Customer Transfer. D) Customer Exports. 72) To email an invoice to the customer, with the invoice open, select: A) File>>Send>>E-mail. B) File>>Send>>Outlook. C).

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  • 71) On the Transactions tab in the Customer center, you
  • Accounting
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11) In a manual accounting system, a preclosing trial balance is prepared before posting adjusting entries and a post closing trial balance before preparing financial statements. 12) Closing the period is important to prevent posting transactions that affect issued financial statements. 13) Open the General Ledger report by selecting: A) Reports & Analysis>>Accountant.

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  • 11) In a manual accounting system, a preclosing trial balance
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41) In the Customer & Jobs tab of the Customer Center, the button that will let you enter account notes is the: A) View button. B) Edit Notes button. C) Customer Information pane. D) Edit Customer button. 42) Filter options that determine the transactions displayed in the Customer Information pane is/are the: A) Show option. B) Filter.

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  • 41) In the Customer & Jobs tab of the Customer
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21) Employee deductions from net pay for employee charitable contributions are called: A) Retirement plans. B) Health Insurance. C) Contributions. D) none of the above. 22) Employers and employees both pay: A) Social Security and Medicare taxes. B) Federal Unemployment taxes. C) State Unemployment taxes. D) Worker's Compensation taxes. 23) The employer tax on gross wages that is paid towards.

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  • 21) Employee deductions from net pay for employee charitable contributions
  • Accounting
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71) The Item Class that is used to calculate sales tax for a single taxing agency is called: A) Inventory Part. B) Non-inventory Part. C) Service. D) Sales Tax Item. 72) Customer accounts have fields for setting: A) a credit limit. B) discount terms. C) sales tax. D) all the above. 73) Merchandising businesses record cost of goods sold: A) at.

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  • 71) The Item Class that used to calculate sales tax
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51) On the Customer center, to record a cash sale to the highlighted customer select New Transaction>>: A) Sales Invoice. B) Sales Job. C) Sales. D) Sales Receipts. 52) When the customer is paying in full at the time of sale, enter the transaction on the Customer center by selecting New Transaction>>: A) Sales Invoice. B) Receive.

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  • 51) On the Customer center, to record a cash sale
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21) QBP has a feature that allows you to manage and pay sales taxes. 22) Vendor purchase orders are posted in the: A) Cash Requirements Journal. B) Purchase Order Journal. C) Purchases Journal. D) none of the above. 23) Checks for vendor bills and expenses are recorded in the: A) Cash Receipts Journal. B) Cash Payments Journal. C) Cash.

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  • 21) QBP has a feature that allows you to manage
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31) A reconciliation report that provides information on individual transactions is called a: A) Reconciliation Detail report. B) Reconciled Bank Statement report. C) Reconciliation Summary report. D) Summary of Ending Bank Balance. 32) The first report printed after closing the end of the period, which is then reviewed so you can do a final account.

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  • 31) A reconciliation report that provides information individual transactions called
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51) On the Customer & Job tab of the Customer Center, you can record finance charges for a customer by clicking New Transactions and selecting: A) Statement Charges. B) Invoices. C) Sales Receipts. D) Receive Payments. 52) On the Customer & Job tab of the Customer Center, you can record a customer payment from the.

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  • 51) On the Customer & Job tab of the Customer
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