The Check Register:

		Keeps track of the company purchase orders and vendors
		Is located directly on the Company Navigation Bar
		Records all transactions affecting the Checking account
		Lists all accounts and their account numbers

1 points

QUESTION 2

All of the following tasks may be completed in the Banking section of the Home page except:

		Receive Items
		Write Checks
		Reconcile accounts
		Make deposits

1 points

QUESTION 3

Payments from customers are entered using the _________ section on the Home page.

		Company
		Vendor
		Customer
		Banking

1 points

QUESTION 4

In the Check Register, the term "split" indicates the payment is split between two or more:

		purchase orders
		invoices
		checks
		accounts

1 points

QUESTION 5

Which one of the following activities is associated with the Banking section of the Home Page?

		Receive payments
		Pay employees
		Write checks
		Pay bills

1 points

QUESTION 6

The one-step approach (Write Checks window) should not be used to pay the following:

		Sales taxes
		Payroll liabilities
		To pay bills entered in the Enter Bills window
		None of the activities above should be used with the "One-Step" approach using the Write Checks routine.

1 points

QUESTION 7

Deposits other than customer payments are entered using the _________ section on the Home page.

		Company
		Vendor
		Customer
		Banking

1 points

QUESTION 8

When voiding a check:

		QuickBooks changes the amount deducted in the Check Register to zero
		It is better to Delete the check to erase all records of the transaction
		Select the Change Transaction button in the Checking window
		The voided check no longer appears in the Check Register

1 points

QUESTION 9

When reconciling a bank account, which of the following is not considered a timing difference (difference between the bank balance and the book balance)?

		Interest earned
		Deposits in transit
		Errors
		Unrecorded charges

1 points

QUESTION 10

One of the objectives of a bank reconciliation is:

		To update the bank's records
		Update accounting records with unrecorded items
		To record monthly adjusting entries
		To update the chart of accounts

1 points

QUESTION 11

The one step approach to bill paying results in an immediate to and the two step approach results in an initial to .

1 and 3 are asking for debit or credit and 2 and 4 are asking for an account name.

Must get all 4 correct for the extra credit.

1 points (Extra Credit)