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Multiple Choice Quiz
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1
Before adding customers, check QBO's:
A)Vendors.
B)Inventory.
C)Account and Settings.
D)Products and services list.
E)All.
2
The Customers page incudes the:
A)Adding a new customer.
B)Customer list.
C)Create invoice.
D)Export to Excel.
E)All.
3
When cash sales are recorded, use:
A)Invoice.
B)Bill.
C)Customer payment.
D)Sales Receipt.
E)None.
4
What customers owe your business is known as:
A)Accounts payable.
B)Invoices.
C)Accounts receivable.
D)Account register.
E)All.
5
The following transaction affects the customer's balance.
A)Credit memo.
B)A/P transaction.
C)Bill.
D)Register.
E)None.
6
To see customer transactions and account balances, display the:
A)A/P Register.
B)Trial Balance.
C)A/R Register.
D)Sales Receipts.
E)None.
7
Products and services are associated with this type of account:
A)Expenses.
B)Income.
C)Settings.
D)Liabilities.
E)None.
8
In this type of report, each transaction's debit and credit is shown:
A)A/R Aging Summary.
B)Journal.
C)A/R Register.
D)Trial Balance.
E)None.
9
The inventory valuation summary shows:
A)Quantity.
B)Asset value.
C)Average cost.
D)Account 115 Merchandise Inventory account balance.
E)All.
10
The Audit Log displays events occurred in:
A)Daylight savings time.
B)Mountain Standard Time.
C)Eastern Standard Time.
D)Your local time.
E)None.





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