Bookkeeping - Final Exam

10 Questions | By AndreoliandAssoc | Updated: Mar 14, 2022 | Attempts: 132

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Final Exam - The final exam will test your knowledge in Part I of the Bookkeping Training Course

Questions and Answers

1.

Posting payments allows you to:
- A.
  
  Post payment to customers account and not disburse
- B.
  
  Post payment and apply to oldest invoices
- C.
  
  Post payments and disburse to specific invoices
- D.
  
  All the above
2.

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
3.

Which of the following statements is FALSE
- A.
  
  Payments can be reversed
- B.
  
  Disbursements can be undisbursed
- C.
  
  Credit Memos can be used to offset Debit Memos
- D.
  
  All of the above are TRUE
4.

To reverse a payment you would:
- A.
  
  Open the payment, click the DELETE PAYMENT button
- B.
  
  Received On Account > Payment Reversal menu option
- C.
  
  Create a payment and make Amount: - NEGATIVE
- D.
  
  Payments cannot be reversed
5.

The Post pull-down menu provides options for which back office function(s)?
- A.
  
  Creating payments for customer accounts
- B.
  
  Store closing routines
- C.
  
  Customer AR Info and Lookup
- D.
  
  All the above
6.

Received on Account > Add/Edit allow you to do what?
- A.
  
  Post payments
- B.
  
  Post Debit Memos
- C.
  
  Post Credit Memos
- D.
  
  All the above
7.

Posting misc receipts, paid outs, and store deposit occurs where?
- A.
  
  Post pull-down menu
- B.
  
  Received On Account pull-down menu
- C.
  
  Customer pull-down menu
- D.
  
  Links pull-down menu
8.

BPOS allows:
- A.
  
  Multiple store days to be open at same time
- B.
  
  Only one store day to be open at a time
- C.
  
  2 store days open at a time
9.

The HELP button on any screen on the Bookkeeping view would:
- A.
  
  Show a list of tutorials/documents related to topics on that screen
- B.
  
  Perform the rest of your postings for you while you go to lunch
- C.
  
  Dial 911
10.

The back office would most likely use which other view in BPOS for reporting capabilities?
- A.
  
  Sales Counter
- B.
  
  Receiving View
- C.
  
  Reports View
- D.
  
  Admin and Utilities