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Multiple Choice Quiz
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1
To make sure you are starting in the correct place in the data, display the:
A)January journal.
B)Adjusted Trial Balance.
C)January 1 Trial Balance.
D)December 1-31 Balance Sheet.
E)None of the above.
2
In Chapter 8, all transactions occur in the month of:
A)November.
B)December.
C)January.
D)October.
E)None of the above.
3
If you recorded fourth quarter transactions in 2017, January transactions are recorded for:
A)2015.
B)2016.
C)2017.
D)2018
E)None of the above.
4
Use the transaction register to record QB Cloud's:
A)Expenses.
B)Bills to vendors.
C)Sales invoices.
D)None of the above.
5
Make this selection to record credit card receipts:
A)Bills (in vendor list).
B)Sales receipt (in customers list).
C)Reports (from Navigation bar)
D)Company settings (from Gear icon).
E)None of the above.
6
Customer payments are recorded on the:
A)Sales Invoice window.
B)Bill Payment window.
C)Register window.
D)Receive Payment window.
E)None of the above.
7
To purchase inventory, record the transaction from this source document:
A)Sales Receipt.
B)Vendor Payment.
C)Memo.
D)Bill.
E)All of the above.
8
To show sales on account to customers, analyze this source document:
A)Bill.
B)Memo.
C)Sales Receipt.
D)Sales Invoice.
E)All of the above.
9
Cash sales are recorded on this window:
A)Bill Payment.
B)Accounts Receivable register.
C)Sales Receipt.
D)Sales Invoice
E)None of the above.
10
In Chapter 8, the A/R Aging Summary total agrees with:
A)Accounts payable balance.
B)Accounts receivable balance.
C)Merchandise inventory balance.
D)Common stock balance.
E)None of the above.





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