Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multiple Choice WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER. 6.11. Transactions may be categorized based on and

Multiple Choice

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.

6.11. Transactions may be categorized based on and .

Location and Class

Settings and Class

Locations and Settings

Any of the above

6.12. The Customer Balance Detail will show all of the following for an individual customer except:

Outstanding Delayed Charge amount

Outstanding Invoice amount

Outstanding Credit Memo amount

All of the above will be shown on a Customer Balance Detail report

6.13. When a customer qualifies for an early payment discount, you record the discount .

On the original Invoice

As a Journal entry

On a new Invoice

In the Sales Discount register

6.14. Payment Methods are created for .

Debit Cards

MasterCard

Visa

All of the above

6.15. The report that lists all the unpaid invoices for each customer is the report.

Customer Balance Summary

Customer Balance Detail

Collections report

Open Invoices

6.16. A Customer Note, such as a dogs name, may be added by .

Editing the Individual Account

Entering it in Add Notes in the Customers Account

Either A or B

Entering the Note on an Invoice

6.17. A Sales Discount is calculated sales tax.

Before

After

Before or After

None of the above

6.18. When a customer returns an item from a Cash Sale, a(n) is completed.

Return Receipt

Credit Memo

Invoice

Sales Receipt

6.19. To record a customer sale and the customer payment on

dates, you prepare a(n) form.

Invoice

Receive Payments

Sales Receipt

Both A and B

6.20. The Sales Tax Center must be set up to include the .

Sales Tax Rate

Name of the Sales Tax

Agency collecting the Sales Tax

All of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Practice And Principles

Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave

3rd Edition

1861527713, 978-1861527714

More Books

Students also viewed these Accounting questions

Question

1. Dont say, This is easy, I know you can do it.

Answered: 1 week ago