QuickBooks Quiz - Beginner

16 Questions | Total Attempts: 2289

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QuickBooks Quiz - Beginner

This quiz offers a comprehensive collection of questions for users just starting QuickBooks


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Questions and Answers
  • 1. 
    How do you know in QB if the invoice was paid?
    • A. 

      Check in the Customer Center

    • B. 

      Check Bank Register

    • C. 

      Open the Invoice and see if "PAID" is stamped

    • D. 

      Phone the Customer

  • 2. 
    Keyboard shortcuts help with faster navigation. How do you quickly open the Write Checks window?
    • A. 

      CTRL + W

    • B. 

      CTRL + O

    • C. 

      ALT + W

    • D. 

      This function is not available.

  • 3. 
    What is the file you use when you are actually working with QuickBooks?
    • A. 

      .qbm

    • B. 

      .qbw

    • C. 

      .qbb

    • D. 

      .qbx

  • 4. 
    A customer enters the shop and pays for cash for various retail items.  What should I issue this customer?
    • A. 

      Invoice

    • B. 

      Estimate

    • C. 

      Cash Sales Receipt

    • D. 

      Purchase Order

  • 5. 
    A customer comes into your store and purchases items on credit, what should I do to record this transaction?
    • A. 

      Create a credit memo

    • B. 

      Create an invoice

    • C. 

      Create a sales receipt

    • D. 

      Create a new charge account

  • 6. 
    Which list would I use to create a new bank account?
    • A. 

      Item List

    • B. 

      Chart of Accounts List

    • C. 

      Company Bank Account

    • D. 

      Inventory

  • 7. 
    You receive a check in the mail from a customer for payment of some goods that they purchased from you last week.  Which form would you use to record this transaction?
    • A. 

      Cash receipts form

    • B. 

      Receive payments form

    • C. 

      Invoice form

    • D. 

      Check Payment form

  • 8. 
    Which account shows how much is owed to your company?
    • A. 

      Accounts payable

    • B. 

      Accounts receivable

    • C. 

      Undeposited Funds

    • D. 

      Income Accounts

  • 9. 
    Which account is used to show what your company owes?
    • A. 

      Accounts Payable

    • B. 

      Accounts Receiveable

    • C. 

      Bank Accounts

    • D. 

      Undeposited Funds

  • 10. 
    Monies received from cash sales, automatically goes into which account?
    • A. 

      Savings Account

    • B. 

      Checking Account

    • C. 

      Expense Account

    • D. 

      Undeposited Funds Account

  • 11. 
    How can you verify whether a certain bill was paid by the company?
    • A. 

      Look in the Accounts Receiver ledger

    • B. 

      Look in items list

    • C. 

      Look in the Enter Bills form

    • D. 

      Look in the invoice form

  • 12. 
    What should one eventually do with the monies in the undeposited funds accounts?
    • A. 

      Transfer the money in to a bank account

    • B. 

      Do a bank reconcilliation

    • C. 

      Leave the money in this account

    • D. 

      Use the money to pay bills

  • 13. 
    A subcontractor is regarded as a 
    • A. 

      Customer

    • B. 

      Vendor

    • C. 

      Employee

    • D. 

      Item

  • 14. 
    When designing your Chart of Accounts, which of the following selection of accounts would all correctly have Cost of Goods Sold as the Account Type?
    • A. 

      Raw materials, factory consumables, subcontract labour, purchases

    • B. 

      Advertising, wages, motor vehicle expenses, electricity

    • C. 

      Legal costs, freight, bank charges, subcontract labour

    • D. 

      Accounting fees, computer consumables, purchases, raw materials

  • 15. 
    When invoicing a customer, when do you use the Customer Message field, and when do you use the Memo field?
    • A. 

      Use Customer Messages for things you want your customer to read on the invoice, and use Memos for comments that you want to appear on customer statements

    • B. 

      Use Customer Messages for things you want your customer to read on the invoice, and use Memos for internal office use only

    • C. 

      Use Memos for things you want your customer to read on the invoice, and use Customer Messages for internal office use only

    • D. 

      It depends on how you customize your templates, as you can get QuickBooks to print both Customer Messages and Memos on customer invoices

  • 16. 
    What’s the best way to attach a standard disclaimer to every customer invoice?
    • A. 

      Use the Customer Message field, saving the disclaimer as a standard message

    • B. 

      Use the Memo field, customising the template to print the Memo

    • C. 

      Customise the template itself, adding a text field which includes the disclaimer

    • D. 

      Create a new item, with the disclaimer as the Description, which you add to every invoice