QuickBooks Essentials 2015

30 Questions | Total Attempts: 75

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QuickBooks Essentials 2015

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Questions and Answers
  • 1. 
    From the following list, select the QuickBooks Menu Bar command under which you would find the“Customer Center” command.
    • A. 

      File

    • B. 

      Centers

    • C. 

      View

    • D. 

      Customers

  • 2. 
    Under which of the following Menu Bar commands is the “New Company…” command found?
    • A. 

      File

    • B. 

      Edit

    • C. 

      View

    • D. 

      Lists

  • 3. 
    From the following list, select the item that is NOT an account type that you can create inQuickBooks.
    • A. 

      Bank

    • B. 

      Fixed Asset

    • C. 

      Long Term Equity

    • D. 

      Long Term Liability

  • 4. 
    From the following list, select the term used to describe the process of hiding accounts that are nolonger actively used within the “Chart of Accounts” in a QuickBooks company file.
    • A. 

      Inactivating

    • B. 

      Concealing

    • C. 

      Archiving

    • D. 

      Condensing

  • 5. 
    Within which list do you keep the individual tax rates that you charge for each sales tax that youcollect?
    • A. 

      The Sales Tax List

    • B. 

      The Vendors List

    • C. 

      The Other Names List

    • D. 

      The Item List

  • 6. 
    Which of the following item types would you assign to an item for which you wanted to track thequantity on hand and value within QuickBooks?
    • A. 

      Inventory Part

    • B. 

      Non-Inventory Part

    • C. 

      Service

    • D. 

      Subtotal

  • 7. 
    If using purchase orders, QuickBooks creates a “Purchase Orders” account within your companyfile’s “Chart of Accounts” window. Which of the following types of accounts is the “Purchase Orders”account that is created?
    • A. 

      Assets

    • B. 

      Liabilities

    • C. 

      Equity

    • D. 

      Non-Posting

  • 8. 
    From the following list, select the name of the item used to total all line items within a sales form,up to any previous occurrence of the item previously used above it within the same sales form.
    • A. 

      Tally

    • B. 

      Subtotal

    • C. 

      Subcount

    • D. 

      Subtally

  • 9. 
    Into which of the following windows would you enter a sales transaction when the customer pays infull at the time of sale?
    • A. 

      Invoice

    • B. 

      Estimate

    • C. 

      Purchase Order

    • D. 

      Sales Receipt

  • 10. 
    Within the Ribbon in the “Invoice” window in QuickBooks, select the name of the checkbox thatshould be checked if you intend to print the invoice at a later point in time.
    • A. 

      Print later

    • B. 

      To be printed

    • C. 

      Batch print

    • D. 

      Print in batch

  • 11. 
    From the following list, select the sequence of commands that you can select in order to open the“Price Level List” within QuickBooks Pro.
    • A. 

      “File| Price Level List”

    • B. 

      “File| Other Lists| Price Level List”

    • C. 

      “Lists| Price Level List”

    • D. 

      “Lists| Other Lists| Price Level List”

  • 12. 
    Under which of the following commands in the Menu Bar would you find the “Preferences…”command?
    • A. 

      File

    • B. 

      Edit

    • C. 

      Company

    • D. 

      Customers

  • 13. 
    From the following list, select the activity that you could NOT perform with a statement in QuickBooks.
    • A. 

      Create a customer billing statement.

    • B. 

      Create a listing of customer transactions over a time period.

    • C. 

      Asses and display finance charges.

    • D. 

      Create a listing of vendor transactions over a time period.

  • 14. 
    When you invoice a customer, and later receive payment on that invoice, you enter the paymentinto which of the following windows in QuickBooks?
    • A. 

      Receive Payments

    • B. 

      Receive Receipts

    • C. 

      Sales Receipts

    • D. 

      Invoice Payments

  • 15. 
    In QuickBooks, which of the following can you NOT accomplish within the “Receive Payments”window?
    • A. 

      Applying one customer payment to multiple jobs for that customer.

    • B. 

      Applying customer credits.

    • C. 

      Changing customer sales terms.

    • D. 

      Applying customer discounts

  • 16. 
    When a customer returns merchandise, you can enter the return into which of the followingQuickBooks windows?
    • A. 

      The Discounts & Credits window

    • B. 

      The Receive Payments window

    • C. 

      The Create Credit Memos/Refunds window

    • D. 

      The Customer Credits window

  • 17. 
    When entering a bill in the “Enter Bills” window, you enter the total amount of the bill into theupper portion of the window. Below that, you assign the total amount of the bill to which of thefollowing tabs when entering non-inventory related bills?
    • A. 

      The Expenses tab

    • B. 

      The Liabilities tab

    • C. 

      The Credit tab

    • D. 

      The Debit tab

  • 18. 
    Which of the following windows will allow you to enter a vendor credit that you have received?
    • A. 

      Enter Bills

    • B. 

      Enter Vendor Credit

    • C. 

      Credit Memo

    • D. 

      Pay Bills

  • 19. 
    Under which command in the Menu Bar would you find the “Write Checks…” command?
    • A. 

      Company

    • B. 

      Vendors

    • C. 

      Customers

    • D. 

      Banking

  • 20. 
    When viewing the “Preferences” dialog box, which of the following choices would you select inorder to set your default personal and company reporting options?
    • A. 

      Reporting Options

    • B. 

      Graphing & Reporting

    • C. 

      Reports & Graphs

    • D. 

      My Preferences

  • 21. 
    Which of the following is NOT a major preset report category within QuickBooks?
    • A. 

      Company & Financial

    • B. 

      Accounts Receivable

    • C. 

      Vendors & Payables

    • D. 

      Inventory

  • 22. 
    The graphs produced by QuickBooks show a bar graph at the top of the graph and a pie chart at thebottom of the graph, EXCEPT for which of the following graphs?
    • A. 

      The Income and Expense Graph

    • B. 

      The Sales Graph

    • C. 

      The Accounts Payable Graph

    • D. 

      The Net Worth Graph

  • 23. 
    Which of the following is NOT a default preset layout for an invoice within QuickBooks?
    • A. 

      Professional Invoice

    • B. 

      Service Invoice

    • C. 

      Product Invoice

    • D. 

      Commercial Invoice

  • 24. 
    For which of the following can you NOT track the time within QuickBooks Pro?
    • A. 

      Customers

    • B. 

      Vendors

    • C. 

      Employees

    • D. 

      Owners/Partners

  • 25. 
    Which of the following forms within QuickBooks contains a timer that you can start, pause, and stopin order to record the time that you spent performing a task?
    • A. 

      The Time/Enter Single Activity window

    • B. 

      The Weekly Timesheet window

    • C. 

      The Employee Timesheet window

    • D. 

      The Time/Event Recording window

  • 26. 
    From the following choices, select the name of the list that contains all of the items that affectpayroll amounts within QuickBooks.
    • A. 

      The Payroll List

    • B. 

      The Payroll Item List

    • C. 

      The Payroll Taxes List

    • D. 

      The Payroll Additions List

  • 27. 
    From the following, select the name of the window where you would enter incremental credit cardcharges into a credit card account within QuickBooks.
    • A. 

      The Enter Credit Card Charges window

    • B. 

      The Enter Bills window

    • C. 

      The Pay Bills window

    • D. 

      The Accrue Credit Card Charges window

  • 28. 
    Which account type is best used for tracking the value of debts that the company expects to pay offover a period of several years?
    • A. 

      Other Current Assets

    • B. 

      Other Current Liabilities

    • C. 

      Fixed Assets

    • D. 

      Long Term Liabilities

  • 29. 
    Which account type is best used for tracking the value of purchased vehicles?
    • A. 

      Other Current Assets

    • B. 

      Other Current Liabilities

    • C. 

      Fixed Assets

    • D. 

      Long Term Liabilities

  • 30. 
    In QuickBooks, the equity account that is created when you create the company file to record your initial equity balance is called which of the following?
    • A. 

      Opening Bal Equity

    • B. 

      Beginning Balance Equity

    • C. 

      Start-up Equity

    • D. 

      Owner’s Equity