Question 1

Which of the following is a Banking transaction?

Accepted Answer

A) Make deposit 
B) Pay employees 
C) Enter bills 
D) Pay bills 
A) Make deposit 
B) Pay employees 
C) Enter bills 
D) Pay bills A

Question 2

Which of the following is a Customer transaction?

Accepted Answer

A) Pay sales tax 
B) Enter bills 
C) Receive payments 
D) Receive bills 
A) Pay sales tax 
B) Enter bills 
C) Receive payments 
D) Receive bills C

Question 3

Which of the following QuickBooks features can be used to save a transaction that will be re-used in the future?

Accepted Answer

A) Saved transactions 
B) Create icon 
C) Repeat transactions 
D) Memorized transactions 
A) Saved transactions 
B) Create icon 
C) Repeat transactions 
D) Memorized transactions D

Question 4

The Item List can be accessed from which section of the Home Page?

Accepted Answer

A) Banking 
B) Customers 
C) Vendors 
D) Company 
A) Banking 
B) Customers 
C) Vendors 
D) Company

Question 5

In QuickBooks,how do you enter transaction information?

Accepted Answer

A) Onscreen Journal and onscreen forms 
B) Onscreen Journal and QuickBooks reports 
C) Onscreen forms and QuickBooks reports 
D) None of the choices are correct 
A) Onscreen Journal and onscreen forms 
B) Onscreen Journal and QuickBooks reports 
C) Onscreen forms and QuickBooks reports 
D) None of the choices are correct

Question 6

When a bill is entered using the Enter Bills window,QuickBooks records a journal entry that:

Accepted Answer

A) Debits Checking account,Credits Expense account 
B) Credits Expense account,Debits Checking account 
C) Debits Expense account,Credits Accounts Payable 
D) Debits Accounts Payable,Credits Checking account 
A) Debits Checking account,Credits Expense account 
B) Credits Expense account,Debits Checking account 
C) Debits Expense account,Credits Accounts Payable 
D) Debits Accounts Payable,Credits Checking account

Question 7

Vendor transactions include which of the following?

Accepted Answer

A) Enter Credit Card Charges 
B) Enter Bills 
C) Make Deposits 
D) Receive Payments 
A) Enter Credit Card Charges 
B) Enter Bills 
C) Make Deposits 
D) Receive Payments

Question 8

When a bill is paid using the Pay Bills window,QuickBooks records a journal entry that:

Accepted Answer

A) Debits Checking account,Credits Undeposited Funds 
B) Credits Checking account,Debits Accounts Payable 
C) Debits Expense account,Credits Accounts Payable 
D) Debits Accounts Receivable,Credits Checking account 
A) Debits Checking account,Credits Undeposited Funds 
B) Credits Checking account,Debits Accounts Payable 
C) Debits Expense account,Credits Accounts Payable 
D) Debits Accounts Receivable,Credits Checking account

Question 9

Which of the following is a Vendor transaction?

Accepted Answer

A) Create invoices 
B) Create estimates 
C) Receive inventory 
D) Receive payments 
A) Create invoices 
B) Create estimates 
C) Receive inventory 
D) Receive payments

Question 10

Which of the following transactions is considered a Vendors and Expenses transaction?

Accepted Answer

A) Invoice 
B) Receive Payment 
C) Purchase Order 
D) Make Deposit 
A) Invoice 
B) Receive Payment 
C) Purchase Order 
D) Make Deposit

Question 11

All of the following are one of the four main categories of transactions in QuickBooks except?

Accepted Answer

A) Customers 
B) Vendors 
C) Employees 
D) Owners 
A) Customers 
B) Vendors 
C) Employees 
D) Owners

Question 12

Double-entry accounting records exchanges in a transaction with debits and credits. Which of the following is recorded when a company purchases a desk and pays cash?

Accepted Answer

A) The desk is recorded with a credit and the cash is recorded with a credit 
B) The desk is recorded with a debit and the cash is recorded with a debit 
C) The desk is recorded with a credit and the cash is recorded with a debit 
D) The desk is recorded with a debit and the cash is recorded with a credit 
A) The desk is recorded with a credit and the cash is recorded with a credit 
B) The desk is recorded with a debit and the cash is recorded with a debit 
C) The desk is recorded with a credit and the cash is recorded with a debit 
D) The desk is recorded with a debit and the cash is recorded with a credit

Question 13

A business transaction is an exchange between the QuickBooks company and:

Accepted Answer

A) Vendor 
B) Employee 
C) Customer 
D) All of the choices are correct 
A) Vendor 
B) Employee 
C) Customer 
D) All of the choices are correct

Question 14

QuickBooks lists include:

Accepted Answer

A) Customer List 
B) Vendor List 
C) Item List 
D) All of the choices are correct 
A) Customer List 
B) Vendor List 
C) Item List 
D) All of the choices are correct

Question 15

List 4 main types of QuickBooks transactions.

Accepted Answer

The 4 main types of QuickBooks transacti

Question 16

Discuss the two main ways of entering information into QuickBooks. Why are two different ways necessary for entering information. What are the advantages and disadvantages of each method.

Accepted Answer

The two main ways of entering informatio

Question 17

Which of the following transactions is considered a Customers and Sales transaction?

Accepted Answer

A) Invoice 
B) Purchase Order 
C) Pay Bills 
D) Check 
A) Invoice 
B) Purchase Order 
C) Pay Bills 
D) Check

Question 18

To use a memorized transaction,select:

Accepted Answer

A) Select Lists Menu > Memorized Transaction List 
B) Select Navigation Bar > Recurring Transaction List 
C) Select Company section of the Home Page > Saved Transactions 
D) None of the choices are correct 
A) Select Lists Menu > Memorized Transaction List 
B) Select Navigation Bar > Recurring Transaction List 
C) Select Company section of the Home Page > Saved Transactions 
D) None of the choices are correct

Question 19

Customer transactions include which of the following?

Accepted Answer

A) Write Checks 
B) Enter Bills 
C) Pay Bills 
D) Create Invoices 
A) Write Checks 
B) Enter Bills 
C) Pay Bills 
D) Create Invoices

Question 20

The onscreen form for recording bills received is accessed from which section of the Home Page:

Accepted Answer

A) Vendors 
B) Customers 
C) Employees 
D) Banking 
A) Vendors 
B) Customers 
C) Employees 
D) Banking

Which of the following is a Banking transaction?

Which of the following is a Customer transaction?

Which of the following QuickBooks features can be used to save a transaction that will be re-used in the future?

The Item List can be accessed from which section of the Home Page?

In QuickBooks,how do you enter transaction information?

When a bill is entered using the Enter Bills window,QuickBooks records a journal entry that:

Vendor transactions include which of the following?

When a bill is paid using the Pay Bills window,QuickBooks records a journal entry that:

Which of the following is a Vendor transaction?

Which of the following transactions is considered a Vendors and Expenses transaction?

All of the following are one of the four main categories of transactions in QuickBooks except?

Double-entry accounting records exchanges in a transaction with debits and credits. Which of the following is recorded when a company purchases a desk and pays cash?

A business transaction is an exchange between the QuickBooks company and:

QuickBooks lists include:

List 4 main types of QuickBooks transactions.

Discuss the two main ways of entering information into QuickBooks. Why are two different ways necessary for entering information. What are the advantages and disadvantages of each method.

Which of the following transactions is considered a Customers and Sales transaction?

To use a memorized transaction,select:

Customer transactions include which of the following?

The onscreen form for recording bills received is accessed from which section of the Home Page:

Navigation and Settings

Chart of Accounts

Banking

Customers and Sales

Vendors and Expenses

Inventory

Employees and Payroll

Adjustments

Reports

Service Company

Merchandise Company

Features for Accountants

Desktop Versus Quickbooks Online

Review Guide

Filters

Exam 3: Transactions

Which of the following is a Banking transaction?

Which of the following is a Customer transaction?

Which of the following QuickBooks features can be used to save a transaction that will be re-used in the future?

The Item List can be accessed from which section of the Home Page?

In QuickBooks,how do you enter transaction information?

When a bill is entered using the Enter Bills window,QuickBooks records a journal entry that:

Vendor transactions include which of the following?

When a bill is paid using the Pay Bills window,QuickBooks records a journal entry that:

Which of the following is a Vendor transaction?

Which of the following transactions is considered a Vendors and Expenses transaction?

All of the following are one of the four main categories of transactions in QuickBooks except?

Double-entry accounting records exchanges in a transaction with debits and credits. Which of the following is recorded when a company purchases a desk and pays cash?

A business transaction is an exchange between the QuickBooks company and:

QuickBooks lists include:

List 4 main types of QuickBooks transactions.

Discuss the two main ways of entering information into QuickBooks. Why are two different ways necessary for entering information. What are the advantages and disadvantages of each method.

Which of the following transactions is considered a Customers and Sales transaction?

To use a memorized transaction,select:

Customer transactions include which of the following?

The onscreen form for recording bills received is accessed from which section of the Home Page:

Navigation and Settings

Chart of Accounts

Banking

Customers and Sales

Vendors and Expenses

Inventory

Employees and Payroll

Adjustments

Reports

Service Company

Merchandise Company

Features for Accountants

Desktop Versus Quickbooks Online

Review Guide

Filters