Question 25: Match these QuickBooks Online terms with their descriptions.

Expenses center Money bar Vendors list New Vendor

Displays vendor names, contact information, and opening balances Displays vendor information, including transactions with them Provides a quick snapshot of Accounts Payable Create by entering information in a purchase or expense form

Question 26: What is a product or service linked to?

Answer:

A.

At least one categorized asset account

B.

At least one uncategorized asset account

C.

At least one account in the Chart of Accounts

D.

At least one account in the Balance Equity account

Question 27: Accounts Payable is always credited when a bill form is used.

Answer:

A.

True

B.

False