Question 1

The objective of an accounting information system, like QuickBooks, is to:

Accepted Answer

A) Save company resources, like time and paper 
B) Use the computer for keeping accounting records 
C) Collect, summarize, and analyze data 
D) None of these 
A) Save company resources, like time and paper 
B) Use the computer for keeping accounting records 
C) Collect, summarize, and analyze data 
D) None of these C

Question 2

Which of the following tasks can be completed in the Vendor section of the Home page?

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 C

Question 3

Which icon is used to add a document on your computer into QuickBooks?

Accepted Answer

A) Docs icon 
B) Customer icon 
C) Vendor icon 
D) All of these 
A) Docs icon 
B) Customer icon 
C) Vendor icon 
D) All of these A

Question 4

Which QuickBooks window allows you to add your name to the checking account?

Accepted Answer

A) Chart of Accounts 
B) Company Information 
C) Company Center 
D) Check Register 
A) Chart of Accounts 
B) Company Information 
C) Company Center 
D) Check Register

Question 5

Which type of QuickBooks data file allows you to enter data and transactions?

Accepted Answer

A) .QBM 
B) .QBB 
C) .QBX 
D) .QBW 
A) .QBM 
B) .QBB 
C) .QBX 
D) .QBW

Question 6

The Home page in QuickBooks consists of all the following sections except:

Accepted Answer

A) Employee 
B) Lists 
C) Customer 
D) Vendor 
A) Employee 
B) Lists 
C) Customer 
D) Vendor

Question 7

Which financial statement below summarizes a company's cash inflow and outflow?

Accepted Answer

A) Statement of Cash Flows 
B) Profit & Loss Statement 
C) Balance Sheet 
D) Income Statement 
A) Statement of Cash Flows 
B) Profit & Loss Statement 
C) Balance Sheet 
D) Income Statement

Question 8

A business transaction is an exchange between:

Accepted Answer

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

Question 9

In QuickBooks, how do you enter transaction information?

Accepted Answer

A) Onscreen forms and scanned images of transaction forms 
B) Onscreen forms and QuickBooks reports 
C) Onscreen Journal and scanned images of transaction forms 
D) Onscreen Journal and Onscreen Forms 
A) Onscreen forms and scanned images of transaction forms 
B) Onscreen forms and QuickBooks reports 
C) Onscreen Journal and scanned images of transaction forms 
D) Onscreen Journal and Onscreen Forms

Question 10

Which of the following file types identifies a QuickBooks Backup file?

Accepted Answer

A) .QBM 
B) .QBB 
C) .QBX 
D) .QBW 
A) .QBM 
B) .QBB 
C) .QBX 
D) .QBW

Question 11

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

Accepted Answer

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

Question 12

List the 3 (three) different type of QuickBooks files. What is the purpose of each file type?

Accepted Answer

The three QuickBooks file types are:
• .

Question 13

To change a company name in QuickBooks, select the following from the Menu Bar:

Accepted Answer

A) Company> Preferences 
B) Home>Edit>Preferences 
C) Company>My Company>Edit> 
D) None of these 
A) Company> Preferences 
B) Home>Edit>Preferences 
C) Company>My Company>Edit> 
D) None of these

Question 14

The Chart of Accounts can be accessed from which section of the Home page?

Accepted Answer

A) Customer 
B) Banking 
C) Vendor 
D) Company 
A) Customer 
B) Banking 
C) Vendor 
D) Company

Question 15

The Banking section of the Home Page includes which flow chart?

Accepted Answer

A) Payroll flow chart 
B) Bill Pay flow chart 
C) Bank Reconciliation flowchart 
D) None of these 
A) Payroll flow chart 
B) Bill Pay flow chart 
C) Bank Reconciliation flowchart 
D) None of these

Question 16

Which financial statement below summarizes the financial position of a company?

Accepted Answer

A) Statement of Cash Flows 
B) Profit & Loss Statement 
C) Balance Sheet 
D) Income Statement 
A) Statement of Cash Flows 
B) Profit & Loss Statement 
C) Balance Sheet 
D) Income Statement

Question 17

Name 2 (two) of the 5 centers on the QuickBooks home screen and briefly describe what kind of activity flows through those centers.

Accepted Answer

The five centers are:
• Vendors - pay bi

Question 18

Which screen provides a digital dashboard of a company's relevant financial data?

Accepted Answer

A) Company Information 
B) Insights 
C) Home Page 
D) Company Center 
A) Company Information 
B) Insights 
C) Home Page 
D) Company Center

Question 19

Which one of the following activities is associated with the Customer section of the Home page?

Accepted Answer

A) Pay sales tax 
B) Enter bills 
C) Record refunds and credits 
D) Record inventory received 
A) Pay sales tax 
B) Enter bills 
C) Record refunds and credits 
D) Record inventory received

Question 20

Double-entry account records are exchanged in a transaction (debits and credits). Which of the following is recorded when a company purchases (receives) a computer and pays (gives) cash?

Accepted Answer

A) The computer is recorded as a credit and the cash is recorded as a credit 
B) The computer is recorded as a debit and the cash is recorded as a debit 
C) The computer is recorded as a credit and the cash is recorded as a debit 
D) The computer is recorded as a debit and the cash is recorded as a credit 
A) The computer is recorded as a credit and the cash is recorded as a credit 
B) The computer is recorded as a debit and the cash is recorded as a debit 
C) The computer is recorded as a credit and the cash is recorded as a debit 
D) The computer is recorded as a debit and the cash is recorded as a credit

The objective of an accounting information system, like QuickBooks, is to:

Which of the following tasks can be completed in the Vendor section of the Home page?

Which icon is used to add a document on your computer into QuickBooks?

Which QuickBooks window allows you to add your name to the checking account?

Which type of QuickBooks data file allows you to enter data and transactions?

The Home page in QuickBooks consists of all the following sections except:

Which financial statement below summarizes a company's cash inflow and outflow?

A business transaction is an exchange between:

In QuickBooks, how do you enter transaction information?

Which of the following file types identifies a QuickBooks Backup file?

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

List the 3 (three) different type of QuickBooks files. What is the purpose of each file type?

To change a company name in QuickBooks, select the following from the Menu Bar:

The Chart of Accounts can be accessed from which section of the Home page?

The Banking section of the Home Page includes which flow chart?

Which financial statement below summarizes the financial position of a company?

Name 2 (two) of the 5 centers on the QuickBooks home screen and briefly describe what kind of activity flows through those centers.

Which screen provides a digital dashboard of a company's relevant financial data?

Which one of the following activities is associated with the Customer section of the Home page?

Double-entry account records are exchanged in a transaction (debits and credits). Which of the following is recorded when a company purchases (receives) a computer and pays (gives) cash?

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

Advanced Quickbooks Features for Accountants

Filters

Exam 1: Quick Tour of Quickbooks 2011

The objective of an accounting information system, like QuickBooks, is to:

Which of the following tasks can be completed in the Vendor section of the Home page?

Which icon is used to add a document on your computer into QuickBooks?

Which QuickBooks window allows you to add your name to the checking account?

Which type of QuickBooks data file allows you to enter data and transactions?

The Home page in QuickBooks consists of all the following sections except:

Which financial statement below summarizes a company's cash inflow and outflow?

A business transaction is an exchange between:

In QuickBooks, how do you enter transaction information?

Which of the following file types identifies a QuickBooks Backup file?

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

List the 3 (three) different type of QuickBooks files. What is the purpose of each file type?

To change a company name in QuickBooks, select the following from the Menu Bar:

The Chart of Accounts can be accessed from which section of the Home page?

The Banking section of the Home Page includes which flow chart?

Which financial statement below summarizes the financial position of a company?

Name 2 (two) of the 5 centers on the QuickBooks home screen and briefly describe what kind of activity flows through those centers.

Which screen provides a digital dashboard of a company's relevant financial data?

Which one of the following activities is associated with the Customer section of the Home page?

Double-entry account records are exchanged in a transaction (debits and credits). Which of the following is recorded when a company purchases (receives) a computer and pays (gives) cash?

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

Advanced Quickbooks Features for Accountants

Filters