1) Form 1099 is used to:

a)Report the amount paid to employees in compliance with IRS regulations

b)Report the amount received from customers in compliance with IRS regulations

c)Report the amount paid to a vendor in compliance with IRS regulations

d)None of the choices are correct

2) When a bill is entered into QuickBooks using the Enter Bills window, QuickBooks:

a)Increases an Expense account and increases the Accounts Payable account

b)Increases the Accounts Receivable account and increases the Income account

c)Decreases the Accounts Receivable account and decreases Accounts Payable account

d)Decreases an Expense account and increases the Accounts Payable account

3) Which one of the following is not a vendor transaction?

a)Order goods

b)Receive bills

c)Receive inventory

d)Create sales receipt

4) Which one of the following tasks is shown in the Vendors section of the Home Page?

a)Make Deposits

b)Receive Payments

c)Write Checks

d)Enter Bills

5) QuickBooks considers all of the following to be vendors except:

a)Tax agencies such as the IRS

b)Leasing companies

c)Utility companies

d)All the choices are correct

6) The journal entry behind the screen that QuickBooks creates when a bill is recorded using the Enter Bills window includes:

a)Debit Accounts Payable, Credit Checking account

b)Debit Checking account, Credit Accounts Payable

c)Debit Accounts Payable, Credit Expense account

d)Debit Expense account, Credit Accounts Payable

7) When a bill is paid in QuickBooks using the Pay Bills window, QuickBooks:

a)Decreases an Expense account and decreases the Checking account

b)Increases the Accounts Payable account and increases the Checking account

c)Increases an Expense account and increases the Accounts Payable account

d)Decreases the Accounts Payable account and decreases the Checking account

8) Which order of tasks is used when purchasing services?

a)Enter Bills > Pay Bills

b)Enter Invoice > Receive Payment > Make Deposit

c)Create Purchase Order > Receive Bill > Enter Bill > Pay Bills

d)Enter Invoice > Write Check

9)Vendor reports can be accessed in QuickBooks in all of the following ways except:

a)All the choices are correct

b)Reports Menu

c)Reports Center

d)Vendors Center

10) The Enter Bills window is used to record which one of the following transactions?

a)Items sold to customers

b)Customer invoices created

c)Services received but not yet paid

d)Owners investment