Question 1

The Doing Business As name identifies a company for:

Accepted Answer

A) Bank accounts 
B) Sales 
C) Patents 
D) None of these 
A) Bank accounts 
B) Sales 
C) Patents 
D) None of these

Question 2

To complete company setup you must complete all of the following except:

Accepted Answer

A) Add customers 
B) Add payroll forms 
C) Add products and services as items 
D) Add vendors 
A) Add customers 
B) Add payroll forms 
C) Add products and services as items 
D) Add vendors

Question 3

The Customer List contains information about:

Accepted Answer

A) The quantity of non-inventory parts on hand 
B) The credit rating of the vendors 
C) Vendors from whom the company buys products and services 
D) Customer addresses, contacts and phone numbers 
A) The quantity of non-inventory parts on hand 
B) The credit rating of the vendors 
C) Vendors from whom the company buys products and services 
D) Customer addresses, contacts and phone numbers

Question 4

To display account numbers in the chart of accounts choose:

Accepted Answer

A) Edit > Options 
B) Edit > Preferences 
C) Company > Financial 
D) Company > Accounts 
A) Edit > Options 
B) Edit > Preferences 
C) Company > Financial 
D) Company > Accounts

Question 5

The QuickBooks Setup window allows you to enter __________ information.

Accepted Answer

A) Vendor 
B) Customer 
C) Banking 
D) All of these 
A) Vendor 
B) Customer 
C) Banking 
D) All of these

Question 6

To create a new company data file in QuickBooks, use the:

Accepted Answer

A) Company menu > New Company 
B) Company section of the Home page > New Company 
C) File menu > Open or Copy Company 
D) File menu > New Company 
A) Company menu > New Company 
B) Company section of the Home page > New Company 
C) File menu > Open or Copy Company 
D) File menu > New Company

Question 7

A corporation uses __________ as its Federal Tax ID number.

Accepted Answer

A) The owner's social security number 
B) An EIN number 
C) Business operating license number 
D) None of these 
A) The owner's social security number 
B) An EIN number 
C) Business operating license number 
D) None of these

Question 8

Which of the following type of information is not entered during the Easy Step Interview?

Accepted Answer

A) Company organization (for example, LLC, LLP, S Corporation) 
B) Industry type 
C) Products and services the company sells 
D) QuickBooks company file password 
A) Company organization (for example, LLC, LLP, S Corporation) 
B) Industry type 
C) Products and services the company sells 
D) QuickBooks company file password

The Doing Business As name identifies a company for:

To complete company setup you must complete all of the following except:

The Customer List contains information about:

To display account numbers in the chart of accounts choose:

The QuickBooks Setup window allows you to enter __________ information.

To create a new company data file in QuickBooks, use the:

A corporation uses __________ as its Federal Tax ID number.

Which of the following type of information is not entered during the Easy Step Interview?

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

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters

Exam 8: New Company Setup

The Doing Business As name identifies a company for:

To complete company setup you must complete all of the following except:

The Customer List contains information about:

To display account numbers in the chart of accounts choose:

The QuickBooks Setup window allows you to enter __________ information.

To create a new company data file in QuickBooks, use the:

A corporation uses __________ as its Federal Tax ID number.

Which of the following type of information is not entered during the Easy Step Interview?

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

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters