If the bank issues a new series of cheques with a different numbering sequence- Select one:...
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If the bank issues a new series of cheques with a different numbering sequence- Select one: O we must change the cheque number in the Report & Form Options to match the new cheque numbers O we must change the payments settings to accommodate the alpha letter and the number O we must start the numbering system for forms all over again O we must request that the bank prepare another order of cheques to match our numbers Which one of the following general statements about credit cards is correct- Select one: O credit cards sales do not involve any linked accounts O credit card receipts are deposited into the accounts receivable account O the credit card discount fee is deducted from the receipts O credit card payments must be entered in the receipts journal To record a NSF cheque from a customer you could- Select one: Oin the general journal, debit accounts receivable and credit the bank account for the cheque amount O choose the adjust a receipt tool, select the customer's receipt, change the amount paid to zero and post O notify the customer and ask for a new cheque so no additional journal entry will be needed O choose the adjust a receipt tool, select the customer's receipt, then choose the reverse entry tool Linked accounts provide all but one of the following controls - Select one: O amounts cannot be entered incorrectly O there is no need to enter the information twice O the program automatically updates the corresponding general ledgers O required linked accounts must be defined To create a shortcut for the general journal, you would- Select one: O open the journal and choose the make shortcut tool O choose customize in the module window shortcuts pane O choose the customize tool in any journal window O choose make shortcuts from the home window view menu in the enhanced view Which of the following statements is true about entering sales tax codes in the general journal- Select one: O you cannot enter tax codes in the general journal O when you enter a tax account and amount, the tax codes entry screen opens automatically O when you enter a tax account and amount, the sales taxes button becomes available O you can enter the tax codes as soon as you open the general journal How would you enter a purchase with payment- Select one: O open the payments journal and choose supplier with cheque O open the payments journal and choose invoice with cheque O open the purchases journal and choose invoice and pay later O open the payments journal and choose make other payment If the bank issues a new series of cheques with a different numbering sequence- Select one: O we must change the cheque number in the Report & Form Options to match the new cheque numbers O we must change the payments settings to accommodate the alpha letter and the number O we must start the numbering system for forms all over again O we must request that the bank prepare another order of cheques to match our numbers Which one of the following general statements about credit cards is correct- Select one: O credit cards sales do not involve any linked accounts O credit card receipts are deposited into the accounts receivable account O the credit card discount fee is deducted from the receipts O credit card payments must be entered in the receipts journal To record a NSF cheque from a customer you could- Select one: Oin the general journal, debit accounts receivable and credit the bank account for the cheque amount O choose the adjust a receipt tool, select the customer's receipt, change the amount paid to zero and post O notify the customer and ask for a new cheque so no additional journal entry will be needed O choose the adjust a receipt tool, select the customer's receipt, then choose the reverse entry tool Linked accounts provide all but one of the following controls - Select one: O amounts cannot be entered incorrectly O there is no need to enter the information twice O the program automatically updates the corresponding general ledgers O required linked accounts must be defined To create a shortcut for the general journal, you would- Select one: O open the journal and choose the make shortcut tool O choose customize in the module window shortcuts pane O choose the customize tool in any journal window O choose make shortcuts from the home window view menu in the enhanced view Which of the following statements is true about entering sales tax codes in the general journal- Select one: O you cannot enter tax codes in the general journal O when you enter a tax account and amount, the tax codes entry screen opens automatically O when you enter a tax account and amount, the sales taxes button becomes available O you can enter the tax codes as soon as you open the general journal How would you enter a purchase with payment- Select one: O open the payments journal and choose supplier with cheque O open the payments journal and choose invoice with cheque O open the purchases journal and choose invoice and pay later O open the payments journal and choose make other payment
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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