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Multiple Choice Quiz
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1
The Check Register:
A)Keeps track of the company purchase orders and vendors
B)Is located directly on the Company Navigation Bar
C)Records all transactions affecting the Checking account
D)Lists all accounts and their account numbers
2
All of the following tasks may be completed in the Banking section of the Home page except:
A)Receive Items
B)Write Checks
C)Reconcile accounts
D)Make deposits
3
Payments from customers are entered using the _______________ section on the Home page.
A)Company
B)Vendor
C)Customer
D)Banking
4
In the Check Register, the term "split" indicates the payment is split between two or more:
A)purchase orders
B)invoices
C)checks
D)accounts
5
Which one of the following activities is associated with the Banking section of the Home Page?
A)Receive payments
B)Pay employees
C)Write checks
D)Pay bills
6
The one-step approach (Write Checks window) should not be used to pay the following:
A)Sales taxes
B)Expenses, such as rent, utilities, and insurance
C)Bills for non-inventory items, such as office supplies
D)Bills for services, such as accounting or legal services
7
Deposits other than customer payments are entered using the _______________ section on the Home page.
A)Company
B)Vendor
C)Customer
D)Banking
8
When voiding a check:
A)QuickBooks changes the amount deducted in the Check Register to zero
B)It is better to delete the check to erase all records of the transaction
C)Select the Change Transaction button in the Checking window
D)The voided check no longer appears in the Check Register
9
When reconciling a bank account, which of the following is not considered a timing difference (difference between the bank balance and the book balance)?
A)Interest earned
B)Deposits in transit
C)Errors
D)Unrecorded charges
10
One of the objectives of bank reconciliation is:
A)To update the bank's records
B)Update accounting records with unrecorded items
C)To record monthly adjusting entries
D)To update the chart of accounts





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