2. Credit sales are: MULTIPLE CHOICE: A. Recorded using the Create Invoice windo

ID: 2545463 • Letter: 2

Question

2. Credit sales are:

MULTIPLE CHOICE:

A. Recorded using the Create Invoice window

B. Recorded using the Credit Card Sales window

C. None of the above

D. Recorded using the Create Sales Receipts window

3. Which one of the following activities is not shown in the Customer section of the Home page?

MULTIPLE CHOICE:

A. Receive Payments

B. Make Deposit

C. Create Estimates

D. All of the above are shown in the Customer section of the Home page

4. When a credit sale is recorded on an invoice, QuickBooks records what accounting?

MULTIPLE CHOICE

A. An increase to Sales and an increase to Accounts Receivable

B. An increase to Sales and a decrease to Accounts Receivable

C. An increase to Sales and an increase to Accounts Payable

D. A decrease to Sales and a decrease to Accounts Payable

5. The Undeposited Funds account holds:

MULTIPLE CHOICE:

A. Petty cash funds

B. Partial payment received from customers

C. Funds that the company owes vendors

D. Funds received but not yet deposited

A. Recorded using the Create Invoice window

B. Recorded using the Credit Card Sales window

C. None of the above

D. Recorded using the Create Sales Receipts window

2. A - Recorded using the Create Invoice window

3. A - Receive Payments

4. A - An increase to Sales and an increase to Accounts Receivable

5. D - D. Funds received but not yet deposited

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