WorksheetsAcctg. II QB Cert Review
Total questions: 93
Worksheet time: 47mins
Name
Class
Date
1.
Why would you hide or collapse sub accounts on a report?
a)
Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive
b)
Set up a generic item and edit the description and price each time
c)
Information necessary to complete your state unemployment tax form
d)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
e)
To temporarily hide unnecessary detail and hide parent accounts
2.
What should you do after you click Save & Close on Customer Credit Memo?
a)
To temporarily hide unnecessary detail and hide parent accounts
b)
Vendors
c)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
d)
Choose between retained as an available credit, give a refund or apply to an invoice
e)
Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
3.
Which of the following CAN be memorized in Quick Books?
a)
Choose between retained as an available credit, give a refund or apply to an invoice
b)
When customer returns a product that is damaged.
c)
Information necessary to complete your state unemployment tax form
d)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
e)
Check
4.
Which is NOT shown on the Payroll Summary Report in Quick Books?
a)
Check
b)
Click the diamond to the right of the column and drag it to the right.
c)
Set up a generic item and edit the description and price each time
d)
To temporarily hide unnecessary detail and hide parent accounts
e)
Information necessary to complete your state unemployment tax form
5.
The bank notified you that a customer's check you deposited has bounced. The customer did not have sufficient funds to cover the check. What should you do?
a)
Information necessary to complete your state unemployment tax form
b)
Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive
c)
Vendors
d)
Choose between retained as an available credit, give a refund or apply to an invoice
e)
Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
6.
Suppose you always all report to show a specific size and color, how do you set standard or preference in QuickBooks so you don't have to customize each report?
a)
Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
b)
To temporarily hide unnecessary detail and hide parent accounts
c)
When customer returns a product that is damaged.
d)
Check
e)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
7.
Suppose you want to restrict which users can access customer credit numbers.
a)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
b)
Choose between retained as an available credit, give a refund or apply to an invoice
c)
Click the diamond to the right of the column and drag it to the right.
d)
Information necessary to complete your state unemployment tax form
e)
Give the user access to sales and accounts receivable but do not check the complete credit card numbers
8.
Which of the following is possible reason for a bank reconciliation discrepancy?
a)
Give the user access to sales and accounts receivable but do not check the complete credit card numbers
b)
Check
c)
Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive
d)
Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
e)
the beginning balance calculated by QuickBooks does not match last month ending balance.
9.
Which of the following statements is TRUE regarding Deposited Funds?
a)
the beginning balance calculated by QuickBooks does not match last month ending balance.
b)
Information necessary to complete your state unemployment tax form
c)
To temporarily hide unnecessary detail and hide parent accounts
d)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
e)
It is an account used to record payments before you make a deposit
10.
Which accounts are affected when you enter Time in QuickBooks?
a)
It is an account used to record payments before you make a deposit
b)
Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
c)
Choose between retained as an available credit, give a refund or apply to an invoice
d)
Give the user access to sales and accounts receivable but do not check the complete credit card numbers
e)
Accounts receivable
11.
Workers who require a W2 tax form at the end of the year should be added to which of the following lists?
a)
Accounts receivable
b)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
c)
Check
d)
the beginning balance calculated by QuickBooks does not match last month ending balance.
e)
Employees
12.
If you have a customized report that you used each month, which features lets you run the report with updated data each month:
a)
Employees
b)
Give the user access to sales and accounts receivable but do not check the complete credit card numbers
c)
Information necessary to complete your state unemployment tax form
d)
It is an account used to record payments before you make a deposit
e)
Memorize Report
13.
What is the primary reason for setting a closing date in QuickBooks?
a)
Memorize Report
b)
the beginning balance calculated by QuickBooks does not match last month ending balance.
c)
Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
d)
Accounts receivable
e)
To restrict users from deleting, editing or adding transactions to last year.
14.
Your new employee earned an annual salary of $40,000. How do you enter this in QuickBooks?
a)
To restrict users from deleting, editing or adding transactions to last year.
b)
It is an account used to record payments before you make a deposit
c)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
d)
Employees
e)
Enter 40,000 in the payroll info window
15.
What steps must you compete to use the payroll center to pay payroll liabilities?
a)
Enter 40,000 in the payroll info window
b)
Accounts receivable
c)
Give the user access to sales and accounts receivable but do not check the complete credit card numbers
d)
Memorize Report
e)
Set deposit Frequencies
16.
Name the section of the Balance Sheet
a)
Set deposit Frequencies
b)
Employees
c)
the beginning balance calculated by QuickBooks does not match last month ending balance.
d)
To restrict users from deleting, editing or adding transactions to last year.
e)
Assets, Liabilities, and Equity
17.
When you create a new company file, QuickBooks asks for your start date. What is the best definition of start date in QuickBooks?
a)
Assets, Liabilities, and Equity
b)
Memorize Report
c)
It is an account used to record payments before you make a deposit
d)
Enter 40,000 in the payroll info window
e)
The day you chose to start the new company file
18.
Which of the following is statements is NOT true regarding entering and paying bills in QuickBooks?
a)
The day you chose to start the new company file
b)
To restrict users from deleting, editing or adding transactions to last year.
c)
Accounts receivable
d)
Set deposit Frequencies
e)
If you use the enter bills window to record a bill, do not use the write checks window or check register to pay that same bill.
19.
How do you use a different forms template when creating a new transaction? (i.e Invoice)
a)
If you use the enter bills window to record a bill, do not use the write checks window or check register to pay that same bill.
b)
Enter 40,000 in the payroll info window
c)
Employees
d)
Assets, Liabilities, and Equity
e)
Open the form, click the templates drop down list and select the appropriate form.
20.
How do you change the report basis, accrual, vs. cash for just one report?
a)
Open the form, click the templates drop down list and select the appropriate form.
b)
Set deposit Frequencies
c)
Memorize Report
d)
The day you chose to start the new company file
e)
Click the modify report button on the report and then choose accrual or cash on the display pad.
21.
How would you track customer birth dates in QuickBooks?
a)
Click the modify report button on the report and then choose accrual or cash on the display pad.
b)
Assets, Liabilities, and Equity
c)
To restrict users from deleting, editing or adding transactions to last year.
d)
If you use the enter bills window to record a bill, do not use the write checks window or check register to pay that same bill.
e)
Add a custom field to the customer list
22.
How do you change text in the header/footer of a report?
a)
Add a custom field to the customer list
b)
The day you chose to start the new company file
c)
Enter 40,000 in the payroll info window
d)
Open the form, click the templates drop down list and select the appropriate form.
e)
Click on the modify report button on the report and then change the head footer tab
23.
where can you see a thumbnail sample of each report in Quick books along with a description of what the reports tell you?
a)
Click on the modify report button on the report and then change the head footer tab
b)
If you use the enter bills window to record a bill, do not use the write checks window or check register to pay that same bill.
c)
Set deposit Frequencies
d)
Click the modify report button on the report and then choose accrual or cash on the display pad.
e)
report center
24.
What transaction in QuickBooks should you use if your customer pays when you provide the good or services
a)
report center
b)
Open the form, click the templates drop down list and select the appropriate form.
c)
Assets, Liabilities, and Equity
d)
Add a custom field to the customer list
e)
Sales Receipt
25.
What can you ensure that invoice detail does not appear on a customer statement?
a)
Sales Receipt
b)
Click the modify report button on the report and then choose accrual or cash on the display pad.
c)
The day you chose to start the new company file
d)
Click on the modify report button on the report and then change the head footer tab
e)
Uncheck the show invoice item detail does not appear on a customer statement
26.
What is the purpose of backing up in QuickBooks?
a)
Uncheck the show invoice item detail does not appear on a customer statement
b)
Add a custom field to the customer list
c)
If you use the enter bills window to record a bill, do not use the write checks window or check register to pay that same bill.
d)
report center
e)
To protect against data loss from file corruption or a hard file crash.
27.
Which of the following is NOT true regarding merging entries
a)
To protect against data loss from file corruption or a hard file crash.
b)
Click on the modify report button on the report and then change the head footer tab
c)
Open the form, click the templates drop down list and select the appropriate form.
d)
Sales Receipt
e)
QuickBooks allows you to merge an expense account with an income account.
28.
When a transaction is change, what information does the Audit Trail report Merging entries
a)
QuickBooks allows you to merge an expense account with an income account.
b)
report center
c)
Click the modify report button on the report and then choose accrual or cash on the display pad.
d)
Uncheck the show invoice item detail does not appear on a customer statement
e)
QuickBooks allows you to merge an expense account with an income account
29.
How do you add or delete columns on a report.
a)
QuickBooks allows you to merge an expense account with an income account
b)
Sales Receipt
c)
Add a custom field to the customer list
d)
To protect against data loss from file corruption or a hard file crash.
e)
Click the modify report button and on the display tab check or ad or uncheck remove columns
30.
When should you use the items tab on a bill or check
a)
Click the modify report button and on the display tab check or ad or uncheck remove columns
b)
Uncheck the show invoice item detail does not appear on a customer statement
c)
Click on the modify report button on the report and then change the head footer tab
d)
QuickBooks allows you to merge an expense account with an income account.
e)
When you purchase inventory parts
31.
when you are setting up a service items, what happens if you select the box next to this "service is performed by a subcontractor or partner"?
a)
When you purchase inventory parts
b)
To protect against data loss from file corruption or a hard file crash.
c)
report center
d)
QuickBooks allows you to merge an expense account with an income account
e)
QuickBooks provides fields so you can track purchase and sales information for that item
32.
Which of the following statement is NOT true regarding single user and multi-user mode?
a)
QuickBooks provides fields so you can track purchase and sales information for that item
b)
QuickBooks allows you to merge an expense account with an income account.
c)
Sales Receipt
d)
Click the modify report button and on the display tab check or ad or uncheck remove columns
e)
Only the administrator is allowed in the file when it is in single user mode
33.
When should you set up a non-inventory items types?
a)
Only the administrator is allowed in the file when it is in single user mode
b)
QuickBooks allows you to merge an expense account with an income account
c)
Uncheck the show invoice item detail does not appear on a customer statement
d)
When you purchase inventory parts
e)
For something you buy and sell but do not need track the quantity on hand.
34.
Which of the following statements is TRUE regarding items?
a)
For something you buy and sell but do not need track the quantity on hand.
b)
Click the modify report button and on the display tab check or ad or uncheck remove columns
c)
To protect against data loss from file corruption or a hard file crash.
d)
QuickBooks provides fields so you can track purchase and sales information for that item
e)
When you purchase or sell an item, the value of the purchase or sales flows to the account and therefore the financial statement you selected when you set up the item.
35.
Which report shows how much you owe for sales tax
a)
When you purchase or sell an item, the value of the purchase or sales flows to the account and therefore the financial statement you selected when you set up the item.
b)
When you purchase inventory parts
c)
QuickBooks allows you to merge an expense account with an income account.
d)
Only the administrator is allowed in the file when it is in single user mode
e)
Sales tax liability
36.
Which report is also known as an income statement and summarize income and expenses for a month.
a)
Sales tax liability
b)
QuickBooks provides fields so you can track purchase and sales information for that item
c)
QuickBooks allows you to merge an expense account with an income account
d)
For something you buy and sell but do not need track the quantity on hand.
e)
Profit and loss standard
37.
When making your payroll tax deposit, how can you add IRS INTEREST and/or penalties?
a)
Profit and loss standard
b)
Only the administrator is allowed in the file when it is in single user mode
c)
Click the modify report button and on the display tab check or ad or uncheck remove columns
d)
When you purchase or sell an item, the value of the purchase or sales flows to the account and therefore the financial statement you selected when you set up the item.
e)
Click the expense tab and enter the appropriate account and amount of interest and penalties.
38.
Which of the following is a reason to create a new company file?
a)
Click the expense tab and enter the appropriate account and amount of interest and penalties.
b)
For something you buy and sell but do not need track the quantity on hand.
c)
When you purchase inventory parts
d)
Sales tax liability
e)
To start over when a company file has many error that are beyond repair
39.
When you enter a purchase order for inventory, which accounts are affected?
a)
To start over when a company file has many error that are beyond repair
b)
When you purchase or sell an item, the value of the purchase or sales flows to the account and therefore the financial statement you selected when you set up the item.
c)
QuickBooks provides fields so you can track purchase and sales information for that item
d)
Profit and loss standard
e)
None, because purchase order are non-posting transactions.
40.
After QuickBooks set up a chart of account in the easy step interview, which of the following is TRUE?
a)
None, because purchase order are non-posting transactions.
b)
Sales tax liability
c)
Only the administrator is allowed in the file when it is in single user mode
d)
Click the expense tab and enter the appropriate account and amount of interest and penalties.
e)
It is possible to add more account later
41.
Which of the following is TRUE regarding general journal entries?
a)
It is possible to add more account later
b)
Profit and loss standard
c)
For something you buy and sell but do not need track the quantity on hand.
d)
To start over when a company file has many error that are beyond repair
e)
General journal entries require a good understanding of debits and credits and should not be used by non accountants
42.
Which of the following statement is TRUE regarding how you recorded a debit card transaction in QuickBooks.
a)
General journal entries require a good understanding of debits and credits and should not be used by non accountants
b)
Click the expense tab and enter the appropriate account and amount of interest and penalties.
c)
When you purchase or sell an item, the value of the purchase or sales flows to the account and therefore the financial statement you selected when you set up the item.
d)
None, because purchase order are non-posting transactions.
e)
Use the write checks window or check register and type debit in the check number field.
43.
When can you delete a check from QuickBooks without voiding it?
a)
Use the write checks window or check register and type debit in the check number field.
b)
To start over when a company file has many error that are beyond repair
c)
Sales tax liability
d)
It is possible to add more account later
e)
You enter a check in QuickBooks but haven't printed it yet. You realize the purchase was actually made using a credit. The check was never really used.
44.
What tool do you use to move your logo to a from?
a)
You enter a check in QuickBooks but haven't printed it yet. You realize the purchase was actually made using a credit. The check was never really used.
b)
None, because purchase order are non-posting transactions.
c)
Profit and loss standard
d)
General journal entries require a good understanding of debits and credits and should not be used by non accountants
e)
Layout designer
45.
What is the reason for hot being able to delete a list entry
a)
Layout designer
b)
It is possible to add more account later
c)
Click the expense tab and enter the appropriate account and amount of interest and penalties.
d)
Use the write checks window or check register and type debit in the check number field.
e)
The entry has been used in a transaction.
46.
How do you move list entries to a different location on the list? For example, customers.
a)
The entry has been used in a transaction.
b)
General journal entries require a good understanding of debits and credits and should not be used by non accountants
c)
To start over when a company file has many error that are beyond repair
d)
You enter a check in QuickBooks but haven't printed it yet. You realize the purchase was actually made using a credit. The check was never really used.
e)
Click on the diamond to the left of the name and then drag the name up or down the list.
47.
Assume that QuickBooks is now in single user mode. What does this mean?
a)
Click on the diamond to the left of the name and then drag the name up or down the list.
b)
Use the write checks window or check register and type debit in the check number field.
c)
None, because purchase order are non-posting transactions.
d)
Layout designer
e)
Only one user can access the data file
48.
Which of the following statement is TRUE regarding vendor credit memos?
a)
Only one user can access the data file
b)
You enter a check in QuickBooks but haven't printed it yet. You realize the purchase was actually made using a credit. The check was never really used.
c)
It is possible to add more account later
d)
The entry has been used in a transaction.
e)
Vendor credit memos reduce what you owe the vendor.
49.
How can you ensure that the invoice detail appears on a customer statement?
a)
Vendor credit memos reduce what you owe the vendor.
b)
Layout designer
c)
General journal entries require a good understanding of debits and credits and should not be used by non accountants
d)
Click on the diamond to the left of the name and then drag the name up or down the list.
e)
Turn on invoice detail in customer statement window.
50.
Which of the following is a payroll service available QuickBooks?
a)
Turn on invoice detail in customer statement window.
b)
The entry has been used in a transaction.
c)
Use the write checks window or check register and type debit in the check number field.
d)
Only one user can access the data file
e)
Assisted Payroll
51.
How can you open a QuickBooks report in Microsoft Excel?
a)
Assisted Payroll
b)
Click on the diamond to the left of the name and then drag the name up or down the list.
c)
You enter a check in QuickBooks but haven't printed it yet. You realize the purchase was actually made using a credit. The check was never really used.
d)
Vendor credit memos reduce what you owe the vendor.
e)
Click the Export button on the top of any QuickBooks report.
52.
For each functional area of QuickBooks Pro and Premier, is Sales Accounts, Accounts Receivable Purchases, what levels of access can you grant to users?
a)
Click the Export button on the top of any QuickBooks report.
b)
Only one user can access the data file
c)
Layout designer
d)
Turn on invoice detail in customer statement window.
e)
You can Prohibit access, grant full access or grant selective access; these levels apply to specific transactions in the area.
53.
What is the Accountants' copy?
a)
You can Prohibit access, grant full access or grant selective access; these levels apply to specific transactions in the area.
b)
Vendor credit memos reduce what you owe the vendor.
c)
The entry has been used in a transaction.
d)
Assisted Payroll
e)
A copy of a company file that allows the accountant to review and make adjustments while you continue to work in QuickBooks.
54.
Which of the following information CANNOT be set up during the Easy Step interview.
a)
A copy of a company file that allows the accountant to review and make adjustments while you continue to work in QuickBooks.
b)
Turn on invoice detail in customer statement window.
c)
Click on the diamond to the left of the name and then drag the name up or down the list.
d)
Click the Export button on the top of any QuickBooks report.
e)
Trial balance opening balances
55.
What 2 steps do you follow to track accounts payable in QuickBooks?
a)
Trial balance opening balances
b)
Assisted Payroll
c)
Only one user can access the data file
d)
You can Prohibit access, grant full access or grant selective access; these levels apply to specific transactions in the area.
e)
Enter bills, pay bills
56.
Which of the following desktop (not online) edition of QuickBooks supports multi-user?
a)
Enter bills, pay bills
b)
Click the Export button on the top of any QuickBooks report.
c)
Vendor credit memos reduce what you owe the vendor.
d)
A copy of a company file that allows the accountant to review and make adjustments while you continue to work in QuickBooks.
e)
Premier and higher
57.
Which is an example of when to use a non-inventory part?
a)
Premier and higher
b)
You can Prohibit access, grant full access or grant selective access; these levels apply to specific transactions in the area.
c)
Turn on invoice detail in customer statement window.
d)
Trial balance opening balances
e)
when you buy and sell an item but don't need to track quantity on hand
58.
How do you hide subaccounts on a report?
a)
when you buy and sell an item but don't need to track quantity on hand
b)
A copy of a company file that allows the accountant to review and make adjustments while you continue to work in QuickBooks.
c)
Assisted Payroll
d)
Enter bills, pay bills
e)
click the collapse button
59.
Your company had to return some goods to a vendor. How do you record the vendor credit in QuickBooks?
a)
click the collapse button
b)
Trial balance opening balances
c)
Click the Export button on the top of any QuickBooks report.
d)
Premier and higher
e)
Enter bill then click credit on top of the bill.
60.
What do you use to narrow the data QuickBooks displays on a report?
a)
Enter bill then click credit on top of the bill.
b)
Enter bills, pay bills
c)
You can Prohibit access, grant full access or grant selective access; these levels apply to specific transactions in the area.
d)
when you buy and sell an item but don't need to track quantity on hand
e)
Filter
61.
Once the Easy Step interview is complete, how do you change the company information for the business name, address, or phone number?
a)
Filter
b)
Premier and higher
c)
A copy of a company file that allows the accountant to review and make adjustments while you continue to work in QuickBooks.
d)
click the collapse button
e)
Select Company, Company information from the menu.
62.
What is the Deposited Funds account in QuickBooks?
a)
Select Company, Company information from the menu.
b)
when you buy and sell an item but don't need to track quantity on hand
c)
Trial balance opening balances
d)
Enter bill then click credit on top of the bill.
e)
An account used to record payments before you make a deposit.
63.
What is the end result of a payroll setup interview?
a)
An account used to record payments before you make a deposit.
b)
click the collapse button
c)
Enter bills, pay bills
d)
Filter
e)
QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.
64.
You finished entering all the transactions for last year, and just sent a file to the tax preparer. How do you ensure that no one accidently deletes or edits a transaction last year?
a)
QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.
b)
Enter bill then click credit on top of the bill.
c)
Premier and higher
d)
Select Company, Company information from the menu.
e)
Set the closing date and password in the accounting preferences in the company menu.
65.
How do you identify the version and release of QuickBooks you have?
a)
Set the closing date and password in the accounting preferences in the company menu.
b)
Filter
c)
when you buy and sell an item but don't need to track quantity on hand
d)
An account used to record payments before you make a deposit.
e)
Press the F2 button
66.
When you set up a new employee, how do you add a payroll deduction such as medical insurance?
a)
Press the F2 button
b)
Select Company, Company information from the menu.
c)
click the collapse button
d)
QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.
e)
In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance item below the additions deductions and company contributions.
67.
There are two primary financial statements that summarize the chart of accounts. Which of the following is one of these reports?:
a)
In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance item below the additions deductions and company contributions.
b)
An account used to record payments before you make a deposit.
c)
Enter bill then click credit on top of the bill.
d)
Set the closing date and password in the accounting preferences in the company menu.
e)
Balance Sheet
68.
When should you VOID instead of delete a check?
a)
Balance Sheet
b)
QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.
c)
Filter
d)
Press the F2 button
e)
You used the check number but it will never be cashed.
69.
How do you pay payroll liabilities in QuickBooks?
a)
You used the check number but it will never be cashed.
b)
Set the closing date and password in the accounting preferences in the company menu.
c)
Select Company, Company information from the menu.
d)
In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance item below the additions deductions and company contributions.
e)
Select payments you want to make from the pay schedule liabilities and the payroll center then click view pay
70.
Which of the following is NOT a billing option when you prepare a progress report?
a)
Select payments you want to make from the pay schedule liabilities and the payroll center then click view pay
b)
Press the F2 button
c)
An account used to record payments before you make a deposit.
d)
Balance Sheet
e)
Invoice for hours entered on timesheet
71.
How do items affect the financial statement?
a)
Invoice for hours entered on timesheet
b)
In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance item below the additions deductions and company contributions.
c)
QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.
d)
You used the check number but it will never be cashed.
e)
When you purchase or sell an item the value of the on sale purchase flows to the account.
72.
You accidently entered the same customer twice in the customer center with a slightly different spelling. How do you merge these entries?
a)
When you purchase or sell an item the value of the on sale purchase flows to the account.
b)
Balance Sheet
c)
Set the closing date and password in the accounting preferences in the company menu.
d)
Select payments you want to make from the pay schedule liabilities and the payroll center then click view pay
e)
Edit the unwanted list entry, change the name you want to merge and click ok, then yes when prompted to merge.
73.
How do you record debit card transactions in QuickBooks?
a)
Edit the unwanted list entry, change the name you want to merge and click ok, then yes when prompted to merge.
b)
You used the check number but it will never be cashed.
c)
Press the F2 button
d)
Invoice for hours entered on timesheet
e)
Use the write checks window, enter the check and write debit in the check number field.
74.
Which is a reason to NOT enter a general journal entry?
a)
Use the write checks window, enter the check and write debit in the check number field.
b)
Select payments you want to make from the pay schedule liabilities and the payroll center then click view pay
c)
In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance item below the additions deductions and company contributions.
d)
When you purchase or sell an item the value of the on sale purchase flows to the account.
e)
To enter transactions in another way instead of suing built in forms.
75.
The bank notifies you that a customers' check you deposited has bounced. The customer does not have sufficient funds to cover the check. What should you NOT do?
a)
To enter transactions in another way instead of suing built in forms.
b)
Invoice for hours entered on timesheet
c)
Balance Sheet
d)
Edit the unwanted list entry, change the name you want to merge and click ok, then yes when prompted to merge.
e)
Delete the customer payment from the deposit.
76.
How do you display a group of reports?
a)
Delete the customer payment from the deposit.
b)
When you purchase or sell an item the value of the on sale purchase flows to the account.
c)
You used the check number but it will never be cashed.
d)
Use the write checks window, enter the check and write debit in the check number field.
e)
Click the reports menu then select process multiple reports
77.
Which payroll service allows you to print state tax forms?
a)
Click the reports menu then select process multiple reports
b)
Edit the unwanted list entry, change the name you want to merge and click ok, then yes when prompted to merge.
c)
Select payments you want to make from the pay schedule liabilities and the payroll center then click view pay
d)
To enter transactions in another way instead of suing built in forms.
e)
Basic Payroll
78.
How do you customize report, i.e. change the information QuickBooks displays, change the title etc.
a)
Basic Payroll
b)
Use the write checks window, enter the check and write debit in the check number field.
c)
Invoice for hours entered on timesheet
d)
Delete the customer payment from the deposit.
e)
Click the modify report button on the report.
79.
Which of the following elements on the invoice can you Not customize?
a)
Click the modify report button on the report.
b)
To enter transactions in another way instead of suing built in forms.
c)
When you purchase or sell an item the value of the on sale purchase flows to the account.
d)
Click the reports menu then select process multiple reports
e)
The amount of information you can type in each field
80.
A list entry may be deleted only when
a)
The amount of information you can type in each field
b)
Delete the customer payment from the deposit.
c)
Edit the unwanted list entry, change the name you want to merge and click ok, then yes when prompted to merge.
d)
Basic Payroll
e)
It has no balance; it has been used and is not linked to anything that has been used.
81.
Your Company provides their employees with sick/vacation hours. You need to track how many hours each employee currently has available, how many they add or accrue and you need to reduce their accrued hours when you pay them for sick or vacation time.
a)
It has no balance; it has been used and is not linked to anything that has been used.
b)
Click the reports menu then select process multiple reports
c)
Use the write checks window, enter the check and write debit in the check number field.
d)
Click the modify report button on the report.
e)
Click the vacation button on the employee setup to define how to accrue time and tell QuickBooks how many hours the employee is available. When you pay an employee for sick/ vacation time, click the sick/ vacation button and reduce those available but
82.
When you send a Quick books report to Excel, which features allow you to choose what sections of the report to collapse?
a)
Click the vacation button on the employee setup to define how to accrue time and tell QuickBooks how many hours the employee is available. When you pay an employee for sick/ vacation time, click the sick/ vacation button and reduce those available but
b)
Basic Payroll
c)
To enter transactions in another way instead of suing built in forms.
d)
The amount of information you can type in each field
e)
auto outline
83.
What is the purpose of an audit Trail report?
a)
auto outline
b)
Click the modify report button on the report.
c)
Delete the customer payment from the deposit.
d)
It has no balance; it has been used and is not linked to anything that has been used.
e)
to track any changes and deletions to transactions and track which user makes the change of the deletion.
84.
Which of the following statements is true regarding single user and multi user mode?
a)
to track any changes and deletions to transactions and track which user makes the change of the deletion.
b)
The amount of information you can type in each field
c)
Click the reports menu then select process multiple reports
d)
Click the vacation button on the employee setup to define how to accrue time and tell QuickBooks how many hours the employee is available. When you pay an employee for sick/ vacation time, click the sick/ vacation button and reduce those available but
e)
To use Quick Books in multi user mode each user must have the same version of Quick Books on their computer to have access.
85.
What can you do in the report center?
a)
To use Quick Books in multi user mode each user must have the same version of Quick Books on their computer to have access.
b)
It has no balance; it has been used and is not linked to anything that has been used.
c)
Basic Payroll
d)
auto outline
e)
Run most reports in Quick Books
86.
Which of the following transactions Cannot be memorized?
a)
Run most reports in Quick Books
b)
Click the vacation button on the employee setup to define how to accrue time and tell QuickBooks how many hours the employee is available. When you pay an employee for sick/ vacation time, click the sick/ vacation button and reduce those available but
c)
Click the modify report button on the report.
d)
to track any changes and deletions to transactions and track which user makes the change of the deletion.
e)
Bill Payment
87.
Which of the following can explain why the profit and loss shows a profit but the business owner does not have any money in the bank?
a)
Bill Payment
b)
auto outline
c)
The amount of information you can type in each field
d)
Information necessary to complete your state unemployment tax form
e)
This difference between cash and accrual reporting.
88.
The Company file you are working on is a mess. You decided to start a new file. At the same time you want to keep all the lists and preferences and just delete the transactions. How do you do this?
a)
This difference between cash and accrual reporting.
b)
to track any changes and deletions to transactions and track which user makes the change of the deletion.
c)
It has no balance; it has been used and is not linked to anything that has been used.
d)
Record a transaction to show that customer owes you that money but do not update your checking balance until you contact the customer in case they want to pay with a credit card.
e)
Click the file menu, choose utilities , clean up the company data, then choose default transaction option.
89.
Your company sells unique items to every customer. They never sell the same service or product twice. What item should you set up in QuickBooks?
a)
Click the file menu, choose utilities , clean up the company data, then choose default transaction option.
b)
To use Quick Books in multi user mode each user must have the same version of Quick Books on their computer to have access.
c)
Click the vacation button on the employee setup to define how to accrue time and tell QuickBooks how many hours the employee is available. When you pay an employee for sick/ vacation time, click the sick/ vacation button and reduce those available but
d)
Click the edit menu and select preference then click the reports and graphs group to set your report preferences.
e)
Set up a generic item and edit the description and price each time
90.
You hired a subcontractor to work 40 hours per week. Which list should you add this person to?
a)
Set up a generic item and edit the description and price each time
b)
Run most reports in Quick Books
c)
auto outline
d)
Give the user access to sales and accounts receivable but do not check the complete credit card numbers
e)
Vendors
91.
When should you enter a customer credit memo?
a)
Vendors
b)
Bill Payment
c)
Click the diamond to the right of the column and drag it to the right.
d)
You can Prohibit access, grant full access or grant selective access; these levels apply to specific transactions in the area.
e)
When customer returns a product that is damaged.
92.
How do you make a column on a report wider?
a)
When customer returns a product that is damaged.
b)
This difference between cash and accrual reporting.
c)
Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive
d)
When customer returns a product that is damaged.
e)
Click the diamond to the right of the column and drag it to the right.
93.
How do you make an item on the item list inactive?
a)
Click the diamond to the right of the column and drag it to the right.
b)
Click the file menu, choose utilities , clean up the company data, then choose default transaction option.
c)
Give the user access to sales and accounts receivable but do not check the complete credit card numbers
d)
Set up a generic item and edit the description and price each time
e)
Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive
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