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Computerized Accounting Semi-Final Quiz#1

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Identify which type of transaction

a)

Make a Cash Sale

b)

Collect an Accounts Receivable

c)

Prepare a Purchase Order

d)

Process a Sales Return or Allowance (Credit Memo)

2.

Identify which type of transaction

a)

Receive Goods on a purchase order

b)

Collect an Accounts Receivable

c)

Return Inventory from a Purchase

d)

Make Cash Sale

3.

Identify which type of transaction

a)

Make Deposit

b)

Write off an Uncollectible Account Receivable

c)

Make a Credit Sale

d)

Make a Cash Sale

4.

Identify which type of transaction

a)

Pay a Vendors Outstanding Invoice

b)

Receive Goods on a Purchase Order

c)

Return Inventory from a Purchase

d)

Prepare Purchase Order

5.

Identify which type of transaction

a)

Process Sales Return or Allowance

b)

Purchase Non-Inventory Items or Services without a Purchase Order – No Payment Made at Time of Purchase

c)

Purchase Inventory without a Purchase Order – Payment Made at Time of Purchase

d)

Purchase Inventory without a Purchase Order – No Payment Made at Time of Purchases

6.

Identify which type of transaction

a)

Purchase Inventory without a Purchase Order – Payment Made at Time of Purchase

b)

Purchase Inventory without a Purchase Order – No Payment Made at Time of Purchases

c)

Purchase Non-Inventory Items or Services without a Purchase Order – No Payment Made at Time of Purchase

d)

Purchase Non-Inventory Items or Services without a Purchase Order – Payment Made at Time of Purchase

7.

Identify which type of transaction

a)

Prepare a Purchase Order

b)

Receive Goods on a Purchase Order

c)

Return Inventory from a Purchase

d)

Write Off an Uncollectible Account Receivable

8.

Identify which type of transaction

a)

Receive Goods on a Purchase Order

b)

Return Inventory from a Purchase

c)

Pay a Vendor’s Outstanding Invoice

d)

Make Deposit

9.

Identify which type of transaction

a)

Purchase Non-Inventory Items or Services without a Purchase Order – No Payment Made at Time of Purchase

b)

Process a Sales Return or Allowance (Credit Memo)

c)

Pay a Vendor’s Outstanding Invoice

d)

Collect an Account Receivable

10.

Identify which type of transaction

a)

Make Deposit

b)

Make a Cash Sale

c)

Collect an Accounts Receivable

d)

Make a Credit Sale

11.

The _______window is used to record deposits into one of the company’s bank accounts.

a)

Record Deposits

b)

Create Sales Receipts

c)

Receive Payments

d)

Create Credit Memos/Refunds

12.

The __________ window is used to process and record receipts of cash sales to customers.

a)

Received Payments

b)

Create Credit Memos/Refunds

c)

Create Sales Receipts

d)

Record Deposits

13.

The window is used to process credit memos for returns and allowances to customers.

a)

Receive Payments

b)

Create Sales Receipts

c)

Record Deposits

d)

Create Credit Memos/Refunds

14.

The __________ window is used to process and record write off of accounts receivable that are uncollectible.

a)

Create Credit Memos/Refunds

b)

Create Sales Receipts

c)

Receive Payments

d)

Record Deposits

15.

QuicksBooks keeps track of money _______ in the Undeposited Funds Account.

a)

Saved

b)

Received

c)

Retrieved

d)

Disbursed