Reference no: EM132939222

Problem 1: A purchases journal entry will not balance if we -

a. omit one of two items that were purchased

b. omit the HST paid

c. omit the freight charge

d. this entry will balance whether or not we omit any of the above items

Problem 2:  To record a partial payment in the payments journal, you must change -

a. the cheque number

b. the date of payment

c. the invoice number

d. the payment amount

Problem 3:  Recurring transactions are not generally used for -

a. daily cash sales

b. adjusting entries

c. entries that must be stored and recalled as needed

d. automatic weekly or monthly charges or payments

Problem 4: To change a stored/recurring transaction -

a. remove the stored entry and then re-enter and store the changed transaction

b. recall the stored entry, edit it and then store it again

c. recall the stored entry, edit it and post it

d. you cannot change an entry that is stored

Problem 5: Choosing Quick Add when you enter a purchase for a new supplier -

a. creates a record for the supplier so you can add details later

b. opens the ledger window so you can enter all the supplier details you need

c. adds the supplier's name to the journal entry

d. is required to continue recording the purchase details

Problem 6: To access the general journal when you are working in the Payables module window -

a. create a shortcut for the general journal

b. open the company module window

c. change to the classic view to access the journal

d. all of the above