Quick Books Pro 2008, Finance And Accounting

Question: Do all vendors need their profiles complete before paying?
A
Yes, without all of the data, Quickbooks will not allow entry

B
Yes, without all of the data, Quickbooks will allow entry but not payment

C
No, Quickbooks will allow payment to be generated, although all the data should be entered

D
No, there's no reason beyond the payee name to bother entering addresses & contact information

Note: Answer not sure
1. Report
Question: What report should be used to check the taxable status of the existing product and service items as well as the rates and agencies associated with the Sales Tax items?
A
Quick Reports

B
Open invoice report

C
Sales tax liability report

D
Item listing report

Note: Answer not sure
1. Report
Question: Money is transferred from one bank account to another. What is the best way to handle this transaction?
A
Banking - Transfer Funds

B
Journal Entry

C
AP Debit & Credit memos

D
Write a check in Quickbooks from the outgoing account and deposit it in the receiving account

Note: Answer not sure
1. Report

Question: Do all vendors need their profiles complete before paying?