Bookkeeping And Accounting Basics! Trivia Quiz

5 Questions | Total Attempts: 197

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Bookkeeping And Accounting Basics! Trivia Quiz

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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