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CHAPTER 3-Sales and Receivables: Service Items 195 END-OF-CHAPTER QUESTIONS TRUE/FALSE ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER 1. An invoice is prepared to record a sale on account. 2. Using an incorrect date will not affect the results of reports. 3. The Customers List functions as the General Ledger in QuickBooks Online. 4. An invoice may be exported to Excel. 5. A new product/service item cannot be added when creating a sales receipt. 6. A Customer Balance Summary Report shows you the balances for all customers who owe you money 7. You may record the sale of more than one item on both invoices and sales receipts. 8. You can add a new customer on the fly. 9. An invoice may not be deleted. 10. Payment receipts are not printed in QuickBooks Online.
Expert Answer
Ans 1 False. Invoice is an acknowledgement if sales to customer.
Ans 2 False. Date of Invoice will largely affect invoice.
Ans 3 False.
Ans 4 True
