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| 1 | |
You are setting up a new company using the Easy Step Interview. Which items of company information must you enter: |
| | A) | Company address |
| | B) | Company Tax ID number |
| | C) | Employee information |
| | D) | Company name |
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| 2 | |
In completing the Easy Step Interview, which start date do you use? |
| | A) | The current date |
| | B) | The date the company formed |
| | C) | The date you begin using QuickBooks to keep track of the company's finances |
| | D) | The first date in the current fiscal year |
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| 3 | |
How can you backup data in QuickBooks? |
| | A) | You should never backup data. |
| | B) | Data can be backed up manually, automatically or scheduled. |
| | C) | Only the administrator can back up data. |
| | D) | All of these |
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| 4 | |
If you see diamonds on lists, what does this indicate? |
| | A) | You can't move the item on the list. |
| | B) | There are secure transactions affecting this item. |
| | C) | This item cannot be changed |
| | D) | The diamond can be clicked to move the item to a different place on the list. |
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| 5 | |
How many names can be placed on the Names list in QuickBooks Pro? |
| | A) | unlimited |
| | B) | 4,500 |
| | C) | 14,500 |
| | D) | 25,000 |
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| 6 | |
Once a company is set up, how can the name and address be edited? |
| | A) | Go to Accountant>Client Data Review |
| | B) | Choose Edit company information |
| | C) | Go to Company>My Company>Edit |
| | D) | Go to Edit>Preferences>General |
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| 7 | |
What type of inventory requires assembly from other items before sale? |
| | A) | Inventory Assembly |
| | B) | Inventory Group |
| | C) | Inventory Parts and Supplies |
| | D) | Non-inventory Assembly |
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| 8 | |
When a customer pays cash at the time of sale, what do you record? |
| | A) | A sales receipt |
| | B) | An invoice |
| | C) | A purchase order |
| | D) | A thank you note |
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| 9 | |
When a customer purchases goods or services but does not pay at the point of sale, what do you record? |
| | A) | An invoice |
| | B) | A purchase order |
| | C) | A reminder |
| | D) | None of these |
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| 10 | |
What are items used for? |
| | A) | An item can be used to create an invoice. |
| | B) | An item can help to track your sales in detail |
| | C) | An item can represent various goods or services. |
| | D) | All of these |
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| 11 | |
If you need to enter a vendor credit, where do you begin? |
| | A) | Customer list |
| | B) | Employee list |
| | C) | Enter bill |
| | D) | Banking center |
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| 12 | |
The Pay bills window can be used to |
| | A) | Keep track of accounts payable |
| | B) | Keep track of inventory |
| | C) | Keep track of non-inventory items |
| | D) | Keep track of your outstanding checks |
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| 13 | |
Which type of paycheck style do employees typically prefer? |
| | A) | Wallet |
| | B) | Electronic |
| | C) | Deluxe |
| | D) | Voucher |
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| 14 | |
If you open the Memorized Report List and then click Memorized Report>New Group, you are creating? |
| | A) | A list of memorized files |
| | B) | A memorized group of reports that are useful to your business |
| | C) | Information needed by the IRS on a quarterly basis |
| | D) | Item lists |
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| 15 | |
Subaccounts: |
| | A) | Help to show various account groups in one separate section |
| | B) | Help to keep track of finances by grouping and subtotaling categories |
| | C) | Improves efficiency in your system |
| | D) | Do not exist in QuickBooks |
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| 16 | |
Where do you find the Balance Sheet and Profit and Loss statements? |
| | A) | Accounting reports |
| | B) | Employee reports |
| | C) | Company and Financial |
| | D) | Other Reports |
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| 17 | |
QuickBooks uses which basis of bookkeeping? |
| | A) | Accrual |
| | B) | Cash |
| | C) | Both accrual and cash |
| | D) | Neither accrual and cash |
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| 18 | |
Where do you key in information about a new employee? |
| | A) | Company preferences |
| | B) | Must be keyed in each fiscal year in the employee preferences tab |
| | C) | In the home page |
| | D) | Payroll Info tab |
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| 19 | |
What does Edit>Memorize Check permit you to do? |
| | A) | Change your preferences |
| | B) | To automate the same transaction each month |
| | C) | To ensure you do not overdraw your account as it prevents you from paying bills if the balance does not cover the check |
| | D) | None of the above |
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| 20 | |
The layout designer allows you to: |
| | A) | Change the background of your home screen |
| | B) | Change the design and location of items on your invoice |
| | C) | Only change one item per fiscal period |
| | D) | Change from cash to accrual basis of accounting |
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| 21 | |
How do you handle the case when a customer's check is returned for non-sufficient funds? |
| | A) | Record it in purchases journal |
| | B) | Make an entry to record the money owed and an equal decrease in cash |
| | C) | Write it off as an uncollectible account |
| | D) | All of these |
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| 22 | |
How much do you charge a delinquent customer who "bounces" a check payable to you? |
| | A) | The amount of the invoice |
| | B) | The amount of the NSF fee |
| | C) | Additional fees (if any) |
| | D) | All of these |
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| 23 | |
List management includes: |
| | A) | Adding/deleting |
| | B) | Merging |
| | C) | Editing |
| | D) | All of these |
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| 24 | |
The two types of statements in QuickBooks are: |
| | A) | Open Transaction and Closed Transaction |
| | B) | Open Transaction and Activity Based |
| | C) | Open Transaction and Limited Transaction |
| | D) | Customer Based and Confidential |
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| 25 | |
What two restrictions on merging occur in QuickBooks? |
| | A) | Names or different types of accounts |
| | B) | Accounts on different financial statements or negative balances |
| | C) | Accounts with credits or Contra Accounts |
| | D) | None of these |
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