Quickbook Question:

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What happens to the inventory asset account when you enter a purchase order for inventory?
a. The inventory asset account increases.
b. The inventory asset account decreases.
c. The inventory asset account is not affected. Cost of Goods Sold increases.
d. No accounts are affected.

Quickbook Interview Question
Quickbook Interview Question

Answer:

d. No accounts are affected.

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What transaction/form do you begin with to enter a vendor credit?
a. Vendor Credit
b. Enter Bill
c. Pay Bills window
d. Receive Vendor Credit		Which form should you use to enter petty cash expenditures?
a. Enter Petty Cash
b. Money Out
c. Enter Credit Card Charges
d. Write Checks or use check register