ACCT 172, Ch 7 Review Questions

The two types of price levels are: a) Fixed percentage and per item b) fixed percentage and per customer c) per item and per customer d) per customer and per vendor

a) Fixed percentage and per item

If you pay sales tax to more than one agency, you should use which of the following item types? a) Sales Tax Group b) Group c) Inventory Assembly d) Subtotal

a) Sales Tax Group

the two types of Preferences are: a) User and Company Preferences b) User and Accountant Preferences c) Favorite and General Preferences d) Income and Expense Prefernces

a) User and Company Preferences

You would like to offer a discount when some customers pay their invoice early. What list would you open to start creating this discount? a) terms b) item c) price levels d) none of the above. You can't create this type of discount in QuickBooks.

a) terms

To include shipping charges on an Invoice, it is best to use which type of item? a) Inventory Part b) Other Charge c) Service d) Non-Inventory Part

b) Other Charge

Which of the following can be displayed vertically on the far left side of the screen or horizontally along the top of the screen? a) the Home Page b) the Icon Bar c) the Open Window list d) none of the above

b) the Icon Bar

If you don't see the Favorites menu in your menu bar, you can turn it on in the: a) Customize Templates window b) Customize Icon Bar window c) View menu d) Windows menu

c) View menu

Which of the following is not an available Template type in QuickBooks? a) credit memo b) statement c) check d) sales receipt

c) check

you can rearrange the order of columns in a template using the: a) Managing Templates window b) Template list c) Basic Customization window d) Additional Customization window

d) Additional Customization window

To add an icon to the Icon Bar, you can use: a) the Add "window-name" to Icon Bar option b) the Customize Icon Bar Window c) the user preferences for Desktop View d) Either a or b

d) Either a or b

Which Item Type should be selected when adding a new item that you buy and/or sell but don't keep track of in Inventory? a) Service b) Inventory Part c) Non-Inventory Part d) Other Charge

d) Other Charge

Use which of the following to manually design the layout of an Invoice? a) The Company tab of the Customize Invoice window b) the Format tab of the Customize Invoice window c) QuickBooks Company Preferences d) The Layout Designer

d) The Layout Designer

You can create Custom Fields for: a) customers b) templates c) vendors d) both a and c

d) both a and c

The simplest way to offer a regular discount to a customer is to: a) set the price level on the customer's invoices b) add a Discount Item to each of the customer's invoices c) enter the discount in the Customer Discount field tin the Edit Customer window d) set the default price level for that customer

d) set the default price level for that customer

You cannot customize which of the following? a) the layout of the statements b) the Icon Bar c) the layout of the Estimate forms d) the Open Window list

d) the Open Window list