NAME KEY
QUICKBOOKS DESKTOP 2018:
A COMPLETE COURSE
CHAPTER 2 EXAM
Sales and Receivables: Service Business
TRUE/FALSE
ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION
NUMBER.
account.
accomplished by editing the invoice.
account may be made only at the end of the fiscal year.
until the bank deposit is made.
debit/credit method.
changes to the form used to record the transaction; it also changes all
journal and account entries for the transaction to reflect the correction.
EXAM KEY 2-
2
QUICKBOOKS DESKTOP 2018: A Complete Course
MULTIPLE CHOICE
WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED
BEFORE THE QUESTION NUMBER.
A. debit
B. invoice
C. sales receipt
D. bank deposit
A. Trial Balance
B. Balance Sheet
C. Sales by Item Report
D. Journal
B 13. To remove an invoice without a trace, it is .
A. voided
B. deleted
C. blocked
D. reversed
A. the chart of accounts
B. sales
C. the cash account
D. supplies
A. cash or checks received from customers but not yet deposited in the
bank
B. all cash sales
C. the balance of the accounts receivable account
D. none of the above
amounts.
A. Graphs
B. QuickZoom
C. Invoices
D. The Balance Sheet
Exam Chapter 2—Key EXAM KEY 2-
3
A. Customer Balance Summary
B. Customer Detail Summary
C. Customer Summary
D. Accounts Receivable Detail
A. complete information for a customer
B. only a customer’s name
C. the customer’s name, address, and telephone number
D. the customer’s name and telephone number
A. at the beginning of a fiscal period
B. before the end of the fiscal year
C. at any time
D. once established, the chart of accounts may not be modified
A. Sales Receipt
B. Sale Reduction
C. Invoice with a negative amount
D. Credit Memo
FILL-IN
IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY
COMPLETES THE SENTENCE.
22. QuickBooks records transactions on actual business forms. Sales on account are