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For each question, select the best answer. 1. The main challenge in accepting customer orders...

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Finance

For each question, select the best answer.

1. The main challenge in accepting customer orders and creating sales orders in QuickBooks is

a.making sure you have enough inventory to fill the orders.

b. providing a customer with cost estimates before creating a sales order.

C. making sure you first delete backorders from the accounting records.

d. assigning lot numbers to merchandise.

2. Which of the following groups of forms is non-posting and makes no changes to the accounting records?

a. The Sales Order and Bill forms b. The Bill and Purchase Order forms

C. The Item Receipt and Bill forms

d. The Sales Order and Purchase Order forms

3. If the entire quantity on a purchase order does not arrive, what field appears on the Purchase Order Form?

.RCV'D b. Backordered c. CLSD

d. Expected.

4. Why is it important to date statements appropriately?

a. So customers will receive items on the expected delivery date

b. So customers will receive merchandise only when the supplier has enough inventory to complete the order

C. So customers can receive merchandise directly from the supplier

d. So customers will be able to determine whether they are late with payments

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