Question

QuickBooks Online Question:

Match the following customers and sales transactions with the description of the transaction.  

Customers and Sales Transaction Descriptions

a. The onscreen form used when we need to record a credit, or reduction, in the amount the customer is charged.

b. An onscreen form used to record a sales transaction when the customer pays at the time of sale when the product or service is provided to the customer.  

c. A sales transaction recorded when the product or service is provided to the customer, and the customer promises to pay later.

d. This onscreen form is used when we give the customer a refund.

e. This onscreen form is used to record the transaction when the customer pays its account with cash, check, credit card, or online payment.  

f. A form used to record a pending credit to a customer that will occur at a specified future date.

g. This onscreen form is used to record projected costs of products and services to be provided to a customer in the future.

h. An onscreen form used to record a pending charge to a customer that will occur at a specified future date.

Customers and Sales Transaction

1.  Invoice

2.  Receive Payment

3.  Estimate

4.  Credit Memo

5.  Sales Receipt

6.  Refund Receipt

7.  Delayed Credit

8.  Delayed Charge

Answer 1

1.  Invoice- c. A sales transaction recorded when the product or service is provided to the customer, and the customer promises to pay later

2.  Receive Payment- e.This onscreen form is used to record the transaction when the customer pays its account with cash, check, credit card, or online payment.  

3.  Estimate- g. This onscreen form is used to record projected costs of products and services to be provided to a customer in the future

4.  Credit Memo - a. The onscreen form used when we need to record a credit, or reduction, in the amount the customer is charged

5.  Sales Receipt -b. An onscreen form used to record a sales transaction when the customer pays at the time of sale when the product or service is provided to the customer.

6.Refund Receipt- d. This onscreen form is used when we give the customer a refund

7.Delayed Credit- f. A form used to record a pending credit to a customer that will occur at a specified future date.

8.Delayed Charge- h. An onscreen form used to record a pending charge to a customer that will occur at a specified future date.