Question 1

Management reports help identify:

Accepted Answer

A) Overdue customer accounts 
B) Least profitable product 
C) Most profitable product 
D) All of these 
A) Overdue customer accounts 
B) Least profitable product 
C) Most profitable product 
D) All of these

Question 2

Accounting information is used to do all of the following except:

Accepted Answer

A) Prepare financial statements for investors 
B) Prepare tax returns for the IRS 
C) Prepare reports for management 
D) Prepare meeting minutes for the board of directors 
A) Prepare financial statements for investors 
B) Prepare tax returns for the IRS 
C) Prepare reports for management 
D) Prepare meeting minutes for the board of directors

Question 3

Which of the following tasks is completed from the Banking section of the Home page?

Accepted Answer

A) Enter credit card charges 
B) Pay employees 
C) Record bills paid 
D) Record payments received from customers 
A) Enter credit card charges 
B) Pay employees 
C) Record bills paid 
D) Record payments received from customers

Question 4

The QuickBooks file extension .QBM indicates the file is a:

Accepted Answer

A) QuickBooks working file 
B) QuickBooks movable file 
C) QuickBooks Accountant's transfer file 
D) QuickBooks Accountant's working file 
A) QuickBooks working file 
B) QuickBooks movable file 
C) QuickBooks Accountant's transfer file 
D) QuickBooks Accountant's working file

Question 5

Your QuickBooks data can be stored in all the following ways except:

Accepted Answer

A) Online 
B) Backup 
C) Portable File 
D) All of these store QuickBooks data 
A) Online 
B) Backup 
C) Portable File 
D) All of these store QuickBooks data

Question 6

The QuickBooks file extension .QBA indicates the file is a:

Accepted Answer

A) QuickBooks working file 
B) QuickBooks movable file 
C) QuickBooks Accountant's transfer file 
D) QuickBooks Accountant's working file 
A) QuickBooks working file 
B) QuickBooks movable file 
C) QuickBooks Accountant's transfer file 
D) QuickBooks Accountant's working file

Question 7

The onscreen form for ordering items from a vendor looks like the paper version of a(n):

Accepted Answer

A) Purchase Order 
B) Invoice 
C) Check 
D) None of these 
A) Purchase Order 
B) Invoice 
C) Check 
D) None of these

Question 8

Which financial statement below summarizes a company's earnings?

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

Management reports help identify:

Accounting information is used to do all of the following except:

Which of the following tasks is completed from the Banking section of the Home page?

The QuickBooks file extension .QBM indicates the file is a:

Your QuickBooks data can be stored in all the following ways except:

The QuickBooks file extension .QBA indicates the file is a:

The onscreen form for ordering items from a vendor looks like the paper version of a(n):

Which financial statement below summarizes a company's earnings?

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

Management reports help identify:

Accounting information is used to do all of the following except:

Which of the following tasks is completed from the Banking section of the Home page?

The QuickBooks file extension .QBM indicates the file is a:

Your QuickBooks data can be stored in all the following ways except:

The QuickBooks file extension .QBA indicates the file is a:

The onscreen form for ordering items from a vendor looks like the paper version of a(n):

Which financial statement below summarizes a company's earnings?

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