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Multiple Choice Quiz
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1
When issuing checks or ATMs for expenses, refer to the:
A)Vendor pages.
B)Accounts Receivable register
C)Transaction register.
D)Products and services list.
E)All of the above.
2
To show the amount charged for earlier disbursements, select <Yes> to this window prompt:
A)Vendor list.
B)Customer sort.
C)Saved window.
D)Auto Recall Dialog.
E)All of the above.
3
Vendor purchases are tracked by the following:
A)Purchase order.
B)Net 30 terms.
C)Customer payments.
D)Bill number.
E)None of the above.
4
When customers pay what they owe, the check is payable to:
A)Accounts receivable.
B)Craig's Design and Landscaping Services.
C)Cloud_Ware student name.
D)Account 101 Checking.
E)All of the above.
5
The terms of vendor payments are:
A)Net 30.
B)End of month.
C)Net 60.
D)Vendor payments do not have terms.
E)All the above.
6
The Sales Receipts window is used for the following:
A)Vendor payments.
B)Purchases made on account.
C)Sales invoices on account.
D)Cash and credit card sales.
E)None of the above.
7
The trial balance account totals for the fourth quarter are the same as:
A)Transaction detail by account.
B)Balance sheet.
C)Profit and loss.
D)Statement of cash flows.
E)None of the above.
8
The customer balance summary total agrees with this account balance:
A)Account 101 Checking.
B)Account 115 Merchandise Inventory.
C)Account 105 Accounts Receivable.
D)Account 201Accounts Payable
E)None of the above.
9
The vendor balance summary total agrees with this account balance:
A)Account 105 Accounts Receivable.
B)Account 115 Merchandise Inventory.
C)Account 501 Cost of Goods Sold.
D)Account 201 Accounts Payable.
E)All of the above.
10
The Inventory valuation Summary shows:
A)The asset value.
B)The average cost
C)The same balance as Account 115 Merchandise Inventory.
D)The quantity of each item in inventory.
E)All of the above.





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