Bookkeeping And Accounting Basics! Trivia Quiz
5 Questions
| Total Attempts: 197
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Questions and Answers
- 1.Posting Payments, Credit Memos, and Debit Menos is done from which pull-down menu on the Bookkeeping view?
- A.
Post
- B.
Received On Account
- C.
Payments
- D.
Customers
- 2.Posting payments allows you to:
- A.
Post payment to customers accounts and not disburse.
- B.
Post payment and apply to the oldest invoices.
- C.
Post payments and disburse to specific invoices.
- D.
All the above.
- 3.After creating a payment, from the Payment Edit screen, which tab would allow you to create disbursements?
- A.
Main tab
- B.
AR Summary tab
- C.
Create Disbursements tab
- D.
None of the Above
- 4.To see all uncleared payments, credits, debits, and invoices that are available for disbursement, you would use which "Fetch" button when creating disbursements?
- A.
Fetch & Apply
- B.
Fetch All Credits
- C.
Committ Disbursements
- D.
Fetch All
- 5.Select the correct workflow for posting a payment for a customer and applying it to a specific invoice.
- A.
Create Payment > Fetch ALL > (double click) on line item to apply > COMMITT DISBURSEMENTS button
- B.
Create Payment > COMMITT DISBURSEMENTS button > Fetch ALL > (double click) on line item to apply
- C.
COMMITT DISBURSEMENTS button > Create Payment > Fetch ALL > (double click) on line item to apply
- D.
Fetch ALL > (double click) on line item to apply > COMMITT DISBURSEMENTS button > Create Payment
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