MULTIPLE CHOICE QUESTIONS for intuit quickbooks

1. Which form should be used to pay a vendor for a cash purchase?
   1. Write Cheques
   2. Pay Vendor
   3. Pay Bills
   4. Enter Bills

2. How are the bills to be paid listed by default?
   1. By date due
   2. Alphabetically by vendor name
   3. By invoice number
   4. By amount due

3. Where is the Vendor List located?
   1. On the Home window
   2. In the Company Snapshot
   3. In the Vendor Centre
   4. On the Company Menu

4. When entering vendor information, which key should you press to move to the next line in the address box?
   1. Tab
   2. Shift
   3. Insert
   4. Enter

5. When a purchase will exceed the specified credit limit for a vendor, QuickBooks will:
   1. Allow the purchase to go through with no indication that the limit has been exceeded
   2. Flag the purchase for review
   3. Display a warning message
   4. Prevent the purchase from being recorded

6. Which frequency should be chosen for a memorized transaction with an irregular cycle?
   1. Annually
   2. Monthly
   3. Weekly
   4. Never

7. Which keyboard shortcut is used to access the Memorized Transaction List?
   1. Ctrl + T
   2. Ctrl + M
   3. Ctrl + Enter
   4. Ctrl + L

8. To display invoices for only one vendor when paying bills:
   1. Choose to show all bills, then place a checkmark next to any outstanding bill for the vendor in the list
   2. Select the vendor name in the Filter By field
   3. Click the Vendor Name button at the bottom of the Pay Bills window
   4. Select the vendor name in the Sort By field

9. What is the default aging interval for invoices listed in the Accounts Payable Aging Report?
   1. 30 days
   2. 90 days
   3. 120 days
   4. 60 days

10. To open the original transaction from a report such as the Vendor Balance Detail Report:
    1. Select the transaction and press Insert on the keyboard
    2. Double-click on the transaction line
    3. Select the transaction and press Ctrl + T
    4. Right-click on the transaction line and choose Open

SHORT ANSWER REVIEW QUESTIONS

1. What is the Vendor Centre?

2. How should an invoice be corrected if an error is discovered while entering payment?

3. How can the Transaction Journal Report be viewed for a payment entered through the Pay Bills form?

4. Why would a company choose to assign types to vendors in the Vendors List?

5. Explain how to memorize an unrecorded bill entry transaction.