1. What should you do if you receive a payment from a customer you have previously invoiced?

A) Enter the amount of payment in the Deposit column of your check register.

B) Click the Bank Deposit link to enter a Deposit transaction.

C) Click the + New button, and choose Receive Payment.

D) Issue a credit memo in the name of the customer.

2. If you need to edit an estimate that you saved a few hours ago, what's the easiest and quickest method to reopen the estimate?

A) Click the Magnifying Glass icon on the upper toolbar.

B) Click the Income bar on the Dashboard page.

C) Click the Expenses link on the left navigation bar.

D) Click to open the Chart of Accounts list.

3. Which account is automatically decreased when you record a customer payment using the Receive Payment window?

A) Sales.

B) Accounts Payable.

C) Checking Account.

D) Accounts Receivable.

4. In the Invoice window, which field can you use to record a percentage discount on the total balance due?

A) Discount percent.

B) Attachments.

C) Product/Service.

D) Due Date.

5. If you grouped multiple customer payments together onto the same deposit, which account is decreased when you save the deposit entry?

A) Checking bank account.

B) Accounts Receivable.

C) Undeposited Funds.

D) Accounts Payable.