1) Which one of the following tasks is associated with the Vendors section of the Home Page?

a)Invoices

b)None of the choices are correct

c)Receive Inventory

d)Items & Services

2) Which QuickBooks window is used to record services received?

a)Create Invoice

b)Enter Bills

c)Purchase Order

d)Estimates

3) Which report summarizes accounts payable balances by the age of the account?

a)Purchases by Item Summary

b)Purchases by Vendor Summary

c)Accounts Payable Aging Summary

d)Accounts Receivable Aging Detail

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

a)Suppliers of inventory and supplies

b)Tax agencies such as the IRS

c)Customers purchasing goods

d)Financial institutions such as banks

5) All the times below are when you can receive a bill except:

a)After receiving a service

b)At the time of providing a service

c)When submitting a purchase order

d)Before receiving a service

6) Which one of the following reports helps track past due bills and bills that are due shortly?

a)Customer Aging Summary

b)Accounts Payable Aging Detail

c)Vendor Aging Report

d)Accounts Receivable Aging Summary

7) What QuickBooks activity comes next in this series of business activities: Enter Bills > __________

a)Enter Purchase Order

b)Pay Bills

c)Make Deposit

d)Receive Payments