Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Help me with homework QUESTION 11 Vendor reports can be accessed in QuickBooks in all of the following ways except: Reports Center Vendors Center

Please Help me with homework

QUESTION 11

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

Reports Center

Vendors Center

Reports Menu

All of the choices are correct

QUESTION 12

Which one of the following activities is not shown in the Vendors section of the Home page?

Write Checks

Pay Sales Taxes

Pay Bills

Purchase Orders

QUESTION 13

Sales taxes are:

Charged on sales to other retailers

Charged on retail sales to customers

Paid by the retailer on sales to vendors

Paid by the vendor

QUESTION 14

If you received inventory without a bill, once the bill has arrived you could do all of the following, except:

Enter the bill against the inventory already recorded

Enter the inventory and then enter the bill separately

Enter the bill and wait for the inventory to arrive

Enter the inventory and bill at the same time

QUESTION 15

Which of the following reports is typically used when counting inventory on hand?

Inventory Valuation Summary

Inventory Valuation Detail

Inventory Stock Status by Item

Physical Inventory Worksheet

QUESTION 16

The Purchase Orders window is used to record which one of the following transactions?

A customer order to purchase goods

An order to purchase goods from a vendor

Services received but not yet paid

Cash purchases of supplies

QUESTION 17

The Physical Inventory Worksheet is used when:

inventory items are physically placed in the warehouse

the computer system goes down

taking a physical count of inventory on hand

All of the choices are correct

QUESTION 18

What QuickBooks activity comes next in this series of business activities:

Invoice > Receive Payments > ______

Make Deposit

Receive Payments

Pay Bills

Vendors List

QUESTION 19

A non-inventory item is:

Goods purchased for resale to customers

An item purchased for a specific customer job

A service purchased from a vendor

A service sold to a vendor

QUESTION 20

The Inventory Stock Status by Item report is used when:

Vendors offer a purchase discount on inventory items

A list is needed of the quantity of inventory on hand and on order

The computers go down

Inventory items are physically placed in the warehouse

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

Step: 3

blur-text-image

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

Statistical Audit Automation The Principles Of Statistical Sampling Of Business Accounts

Authors: Nathan Poeschl

1st Edition

B0B17YP1SR, 979-8829041991

More Books

Students also viewed these Accounting questions

Question

1. Identify and control your anxieties

Answered: 1 week ago