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QuickBooks MCQs

True or False: When you have to write off an amount due to customer not paying, you just credit the customers account and close the books.

True, that way it won't sit on your books at month end.

False. You must record this as a bad debt in the A/R register for that customer, you must record the bank service charge for that customer, and you can send a statement to that customer that includes the Bank Service Charge, the original charge and any o

False, you have to re-invoice the customer for the item(s), along with the bank service charge for the bounced check.

Answer

Correct Answer: False. You must record this as a bad debt in the A/R register for that customer, you must record the bank service charge for that customer, and you can send a statement to that customer that includes the Bank Service Charge, the original charge and any o

Explanation:

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