Question 1

To print a budget:

Accepted Answer

A) From the Report Center, select Budgets 
B) From the Company Center, select Company & Financials, Budgets 
C) From the Report Center, select Company & Financials, Budgets 
D) From the Report Center, select Accountant & Taxes, Budgets 
A) From the Report Center, select Budgets 
B) From the Company Center, select Company & Financials, Budgets 
C) From the Report Center, select Company & Financials, Budgets 
D) From the Report Center, select Accountant & Taxes, Budgets

Question 2

The Doc Center:

Accepted Answer

A) Is a subscription service provided by QuickBooks 
B) Enables you to organize your accounting and business documents within the QuickBooks software 
C) Allows you to attach an electronic version of a document to a QuickBooks transaction 
D) All of the above 
A) Is a subscription service provided by QuickBooks 
B) Enables you to organize your accounting and business documents within the QuickBooks software 
C) Allows you to attach an electronic version of a document to a QuickBooks transaction 
D) All of the above

Question 3

To write off a transaction that was charged a sales tax:

Accepted Answer

A) use a journal entry to move the customer's balance (credit) to the Bad Debt Expense account (debit) 
B) use a journal entry to move the customer's balance (credit) to Allowance for Uncollectable Accounts (debit) 
C) use the Credit Memo window 
D) use the Receive Payments window (Discount Info button) 
A) use a journal entry to move the customer's balance (credit) to the Bad Debt Expense account (debit) 
B) use a journal entry to move the customer's balance (credit) to Allowance for Uncollectable Accounts (debit) 
C) use the Credit Memo window 
D) use the Receive Payments window (Discount Info button)

Question 4

You would use which QuickBooks feature to prepare a bid for a potential customer?

Accepted Answer

A) Progress Billing 
B) Estimates 
C) Enter Bills 
D) Invoice 
A) Progress Billing 
B) Estimates 
C) Enter Bills 
D) Invoice

Question 5

To print an audit trail report:

Accepted Answer

A) Select Report menu > Company & Financials > Audit Trail 
B) Select the Audit Trail icon in the Company Center 
C) Select Report Center > Accountant & Taxes > Audit Trail 
D) Select the Audit Trail report from the Company section of the Home page 
A) Select Report menu > Company & Financials > Audit Trail 
B) Select the Audit Trail icon in the Company Center 
C) Select Report Center > Accountant & Taxes > Audit Trail 
D) Select the Audit Trail report from the Company section of the Home page

Question 6

In QuickBooks, budget types include:

Accepted Answer

A) Profit & Loss 
B) Balance Sheet 
C) All the above 
D) None of the above 
A) Profit & Loss 
B) Balance Sheet 
C) All the above 
D) None of the above

Question 7

When recording a customer payment from a credit sale with a credit card, select:

Accepted Answer

A) Create Invoice > Customer Payment > Customer & Job Name 
B) Make Deposit 
C) Create Sales Receipt > Record Deposits 
D) Receive Payment > Customer & Job Name 
A) Create Invoice > Customer Payment > Customer & Job Name 
B) Make Deposit 
C) Create Sales Receipt > Record Deposits 
D) Receive Payment > Customer & Job Name

To print a budget:

The Doc Center:

To write off a transaction that was charged a sales tax:

You would use which QuickBooks feature to prepare a bid for a potential customer?

To print an audit trail report:

In QuickBooks, budget types include:

When recording a customer payment from a credit sale with a credit card, select:

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Vendors, Purchases, and Inventory

Employees and Payroll

Reports and Graphs

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Filters

Exam 12: Advanced Quickbooks Features for Accountants

To print a budget:

The Doc Center:

To write off a transaction that was charged a sales tax:

You would use which QuickBooks feature to prepare a bid for a potential customer?

To print an audit trail report:

In QuickBooks, budget types include:

When recording a customer payment from a credit sale with a credit card, select:

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Vendors, Purchases, and Inventory

Employees and Payroll

Reports and Graphs

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Filters