Question 1

To print the Profit & Loss report, select:

Accepted Answer

A) Report Center > Company & Financials 
B) Report Center > Accountant & Taxes 
C) Company Center > Company & Financials 
D) Company Center > Accountant & Taxes 
A) Report Center > Company & Financials 
B) Report Center > Accountant & Taxes 
C) Company Center > Company & Financials 
D) Company Center > Accountant & Taxes

Question 2

The following are examples of possible memorized transactions except:

Accepted Answer

A) Rent payments 
B) Utility bills 
C) Special order for a customer 
D) None of the above
Short Answer Questions 
A) Rent payments 
B) Utility bills 
C) Special order for a customer 
D) None of the above
Short Answer Questions

Question 3

To record the payment of bills received from vendors, use the:

Accepted Answer

A) Pay Bills > Write Checks 
B) Write Checks > Pay Bills 
C) Enter Bills > Print Checks 
D) Enter Bills > Pay Bills > Print Checks 
A) Pay Bills > Write Checks 
B) Write Checks > Pay Bills 
C) Enter Bills > Print Checks 
D) Enter Bills > Pay Bills > Print Checks

Question 4

When customer payments are recorded in the Receive Payments window, QuickBooks records:

Accepted Answer

A) An increase in the Checking account. 
B) An increase in Undeposited Funds account. 
C) An increase in Accounts Receivable. 
D) An increase in Sales 
A) An increase in the Checking account. 
B) An increase in Undeposited Funds account. 
C) An increase in Accounts Receivable. 
D) An increase in Sales

Question 5

All of the following are examples of recurring transactions, except:

Accepted Answer

A) Depreciation 
B) Utilities 
C) Rent 
D) All of the above 
A) Depreciation 
B) Utilities 
C) Rent 
D) All of the above

Question 6

Items charged to a specific customer job can be transferred to the customer's invoice using:

Accepted Answer

A) Item List 
B) Timesheet 
C) Stopwatch 
D) Time/Costs button 
A) Item List 
B) Timesheet 
C) Stopwatch 
D) Time/Costs button

Question 7

To print multiple checks at one time, use:

Accepted Answer

A) Banking menu > Write Checks > Print Checks 
B) Vendor menu > Print Forms > Print Checks 
C) File menu > Print Forms > Checks 
D) Banking menu > Print Forms > Checks 
A) Banking menu > Write Checks > Print Checks 
B) Vendor menu > Print Forms > Print Checks 
C) File menu > Print Forms > Checks 
D) Banking menu > Print Forms > Checks

To print the Profit & Loss report, select:

The following are examples of possible memorized transactions except:

To record the payment of bills received from vendors, use the:

When customer payments are recorded in the Receive Payments window, QuickBooks records:

All of the following are examples of recurring transactions, except:

Items charged to a specific customer job can be transferred to the customer's invoice using:

To print multiple checks at one time, use:

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

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters

Exam 9: Accounting for a Service Company

To print the Profit & Loss report, select:

The following are examples of possible memorized transactions except:

To record the payment of bills received from vendors, use the:

When customer payments are recorded in the Receive Payments window, QuickBooks records:

All of the following are examples of recurring transactions, except:

Items charged to a specific customer job can be transferred to the customer's invoice using:

To print multiple checks at one time, use:

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

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters