NTA 6: ITT 06104 TEST 1

How do you can setup your users in a QuickBooks software

• only one user

• only two users

• multiple users

• only admin

What is the file extension for the QuickBooks file?

• QBF

• QBW

• QBQ

• QWB

How do you can create a new company?

• Using Company menu

• Using list menu

• Using File menu

• Using Chart of Account

How do you can write a cheque?

Identify the components of Chart of Accounts in a QuickBooks.

Provide another name for the following:

a) Account payable

b) Debtor

Which of the following would you not include in the chart of accounts?

• Checking account

• Vendor record

• Depreciation Expense

• Accounts Payable

Which of the following is an asset

• Accounts Payable

• Long term loan

• Accounts Receivable

• Depreciation

During the EasyStep Interview, QuickBooks creates income and expense accounts based on your company's industry

• True

• False

Write steps which you can print a balance sheet report