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True or False Quiz
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1
The focus of Chapter 5 is customers and sales:
A)True
B)False
2
Starting data is displayed for 11/1/20XX.
A)True
B)False
3
A sales receipt is used for customer sales on account.
A)True
B)False
4
Accounts payable transactions are credit transactions from customers.
A)True
B)False
5
Credit memos apply returns to the customer's balance.
A)True
B)False
6
Registers can be used to look at transactions and account balances.
A)True
B)False
7
The November bank statement shows checking account activity through 10/30/20XX.
A)True
B)False
8
On invoices and other sales transactions, you choose products and services.
A)True
B)False
9
The Journal is an example of a specialized screen.
A)True
B)False
10
The account distribution for an invoice includes debits to Account 105 Account Receivable/customer and Account 501 Cost of Goods Sold; and credits to Account 401 Sales, and Account 115 Merchandise Inventory.
A)True
B)False





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