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QuickBooks Certification Exam Study Guide/125 Questions and Answers/A+ Graded
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QuickBooks Certification Exam Study Guide/125Questions and Answers/A+ Graded
Why would you hide or collapse sub accounts on a report? - -To temporarily
hide unnecessary detail and hide parent accounts
-What should you do after you click save & close on a customer credit
memo? - -Choose between retained as an available credit, give a refund or
apply to an invoice
-Which of the following CAN be memorized in quickbooks? - -check
-Which is NOT shown on the payroll summary report on quickbooks? - -
information necessary to complete your state unemployment tax form
-The bank notified you that a customer's check you deposited has bounced.
The customer did not have sufficient funds to cover the check. What should
you do? - -Record a transaction to show the customer owes you the money
and that the checking balance decreased by that same amount
-Suppose you always want all reports to show a specific size and color,how
do you set standard preference in quickbooks so you don't have to customize
each report? - -Click the edit menu and select preferences then click the
reports and graphs group to set preferences
-Suppose you want to restrict which users can access customer credit card
numbers. How do you do this? - -Give the user access to sales and accounts
receivable but do not check the complete credit card numbers
-Which of the following is a possible reason for a bank reconciliation
discrepancy? - -The beginning balance calculated by quickbooks does not
match last months ending balance
-which of the following statements is TRUE regarding Undeposited funds? - -
It is an account used to record payments before you make a deposit
-Which accounts are affected when you enter Time in quickbooks? - -
Accounts receivable
-Workers who require a W2 tax form at the end of the year should be added
to which of the following lists? - -Employee
-If you have customized report that you use each month, which feature lets
you run the - -Memorize Report
, -What is the primary reason for setting a closing date in Quickbooks? - -To
restrict users from deleting, editing or adding transactions to last year
-Your new employee earned an annual salary of $40,000. How do you enter
this into quickbooks? - -Enter 40,000 in the payroll info window
-What steps must you complete to use the payroll center to pay payroll
liabilities - -set deposit frequencies
-Name the section of the balance sheet - -Assets, Liabilities, Equity
-When you create a new company file, quickbooks asks for your start date.
What is the best definition of the start date in quickbooks? - -The day you
chose to start recording the finacial records in quickbooks
-Which of the following statements is NOT true regarding entering and
paying bills in quickbooks? - -If you use the enter bills window to record a
bill, do not use the write checks window or check register to pay that same
bill
-How do you use a different forms template when creating a new
transaction? (i.e. Invoice) - -Open the form, click the templates drop down
list and select the appropriate form
-How do you change the report basis, accrual vs. cash for just one report? -
-Click the modify report button on the report and then choose accrual or cash
on the display pad
-How would you track customer birth in quickbooks? - -Add a custom field to
the customer list
-How do you change text in the header/footer of a report? - -Click the
modify report button on the report and the change the header footer tab
-Where can you see a thumbnail sample of each report in quickbooks along
with a description of what the report tells you? - -Report center
-What transaction in quickbooks should you use if your customer pays you
when you provide the goods or sevices? - -Sales receipt
-How can you ensure that invoice detail does not appear on a customer
statement? - -Uncheck the show invoice item detail on statements box in the
create statements window
-What is the purpose of backing up in quickbooks? - -To protect against data
loss from file corruption or a hard file crash
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