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Multiple Choice Quiz
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1
Deposits can be recorded using the Deposits icon or directly in the _______________.
A)Bank Reconciliation
B)General Ledger
C)Chart of Accounts
D)Check Register
2
Cash purchases are recorded using the _______________ window.
A)Write Checks
B)Pay Bills
C)Chart of Accounts
D)Receive Items
3
The steps to record credit purchases are:
A)Receive Items > Write Checks
B)Write Checks > Print Check
C)Enter Bills > Pay Bill > Print Check
D)Create Purchase Order > Print Check
4
Memorized transactions are used to record:
A)Recurring transactions
B)Only cash payments
C)Non-recurring transactions
D)Only credit payments
5
An example of memorized transaction is:
A)Purchase of a building
B)Payment of wages
C)Monthly rent payment
D)None of these
6
When bills are paid, QuickBooks reduces the _______________ balance.
A)Undeposited Funds
B)Accounts Payable
C)Accounts Receivable
D)Sales
7
In the Create Invoices window, the _______________ button is used to select costs billable to a particular customer.
A)Select All
B)Discount Info
C)Item/Expense
D)Add Time/Costs
8
When a customer payment is received, QuickBooks reduces the _______________ balance.
A)Undeposited Funds
B)Sales
C)Accounts Receivable
D)Accounts Payable
9
All of the following are examples of adjusting entries made at the end of an accounting period except:
A)Recording depreciation expense for a computer for the year
B)Recording a cash sale
C)Recording the amount of unused supplies on hand at year-end
D)Recording depreciation expense for equipment for the year
10
To email an invoice:
A)Click the email icon at the top of the Create Invoices window.
B)Click Company Center, send email.
C)Click Customer, send email.
D)None of these





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