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Multiple Choice Quiz
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1
Only the _______________ can add users with passwords and limit user access to selected areas.
A)Accountant
B)Owner or Owners
C)QuickBooks Administrator
D)Employees or Users
2
An example of an asset account is:
A)Mortgage payable
B)Sales Taxes Payable
C)Equipment
D)None of these
3
Income accounts in a company are used to track:
A)Sales to customers and other revenue earned
B)Costs that have expired or been consumed
C)Cost of items sold to customers
D)Purchases from vendors
4
What are assets?
A)Net worth of a company
B)Amounts paid to owners
C)Resources that a company owns with future benefit
D)Amounts owed to others and are future obligations
5
Accounts used for only one year are called:
A)Temporary accounts
B)Short-term assets or liabilities
C)Supply accounts
D)Estimate accounts
6
Each of the following is a permanent account, except:
A)Land
B)Owner Withdrawals
C)Accounts Payable
D)Owner's Equity
7
One way to display the account numbers in the Chart of Accounts is to select the following from the Menu Bar:
A)Vendors > Preferences > Accounting
B)Banking > Preferences > Numbers
C)Edit > Preferences > Accounting
D)Company > Chart of Accounts > Numbers
8
Which of the following choices is not used to modify the chart of accounts?
A)Deleting accounts with balances
B)Adding new accounts
C)Editing accounts
D)Deleting unused accounts
9
Accounts can be categorized into the following groups, except into:
A)QuickBooks accounts
B)Balance Sheet accounts
C)Profit & Loss accounts
D)Non-posting accounts
10
The Calendar feature is in which section on the Home page:
A)Customer
B)Company
C)Banking
D)None of these





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