ACC 2010 help A Guide to career/Snaptutorial ACC 2010 help A Guide to career/Snaptutorial | Page 4

Which of the following Navigation Bar, Vendors & Purchases
selections do you use to issue a return of merchandise to a vendor?
Vendors & Purchases Tasks; Purchases/Receive Inventory.
Credits & Returns; New Vendor Credit Memo.
Sales/Invoicing.
Credit Memos.
None of the above.
True/Make True:
Accounts Payable is money you pay to customers.
Vendor default information needs to be set up to establish the criteria
used when computing vendor discounts.
Each time you use the Write Checks window, you are journalizing in
the Cash Disbursements Journal.
The purchase discount offered to Cynthia’s Service Merchandise from
their vendors is 2% 10, Net 30 Days
Each time you use the Payments window, you are journalizing in the
Purchases Journal.
The merchandise that Cynthia’s Service Merchandise buys from
Ronald Becker Fabrics is classified as wall coverings.
The detailed types list includes chart of accounts numbers with five
digits.
The Maintain Vendors window is used to enter information about
vendors from whom you purchase merchandise.
All accounting software applications, regardless of the size of the
company, are the same.
Each accounting software application (for example, Peachtree,
QuickBooks, and Microsoft Dynamics GP)
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ACC 2010 Week 3 Assignment 2
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