Questions from Ch 2 of 9780763865061. I understand there is nosolution manual for that...

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Accounting

Questions from Ch 2 of 9780763865061. I understand there is nosolution manual for that Quickbooks textbook.
Please confirm the following is correct.
Vendor—someone from whom the business buys goods or services
Vendor center—contains a file for all vendors with whom thecompany does business
Unpaid Bills report—a report that lists all unpaid vendor billsat a specific date
Credit memo—processed through the Enter Bills window to reflecta reduction of the vendor’s liability due to a credit for return orallowance
Pay Bills window—Activity window used to record vendor bills tobe paid at a later date
Journal report—Activities displayed in general journal formatfor a specified period of time
Vendor Contact List report—Report that lists all vendors fromwhich the company buys goods and services
System Default account—A pre-identified general ledger accountthat increases or decrease automatically depending on the type oftransaction entered.
Enter Bills window—Activity window used to record cash purchaseof goods or services from a vendor
Write Checks window—Activity window used to pay bills previouslyentered in the Enter Bills window

Answer & Explanation Solved by verified expert

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1 In Quickbooks vendor refers to any person or company anytime the company pay or receive a refund from them for good or services Which is actually any person business or company which sells goods or services 2 Vendor center holds all the information of the vendors that the company does business with 3 Unpaid bills report shows the past due bills See Answer

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In: AccountingQuestions from Ch 2 of 9780763865061. I understand there is nosolution manual for that Quickbooks...Questions from Ch 2 of 9780763865061. I understand there is nosolution manual for that Quickbooks textbook.Please confirm the following is correct.Vendor—someone from whom the business buys goods or servicesVendor center—contains a file for all vendors with whom thecompany does businessUnpaid Bills report—a report that lists all unpaid vendor billsat a specific dateCredit memo—processed through the Enter Bills window to reflecta reduction of the vendor’s liability due to a credit for return orallowancePay Bills window—Activity window used to record vendor bills tobe paid at a later dateJournal report—Activities displayed in general journal formatfor a specified period of timeVendor Contact List report—Report that lists all vendors fromwhich the company buys goods and servicesSystem Default account—A pre-identified general ledger accountthat increases or decrease automatically depending on the type oftransaction entered.Enter Bills window—Activity window used to record cash purchaseof goods or services from a vendorWrite Checks window—Activity window used to pay bills previouslyentered in the Enter Bills window