Exam (elaborations)
QuickBooks Practice Test 100 Questions and Complete Solutions Graded A+
- Course
- Institution
QuickBooks Practice Test 100 Questions and Complete Solutions Graded A+
[Show more]
Content preview
QuickBooks PracticeTest 100 Questions and
Complete Solutions
Graded A+
During the Advanced Setup, you can turn on and off which features in the EasyStep Interview?
a. Sales taxes
b. Inventory
c. Progress Invoicing
d. All of the above - Answer: ALL of the above
During the Advanced Setup, you can set up a password for which of the following users during the
EasyStep Interview?
a. Administrator
b. External Accountant
c. You cannot setup passwords during the EasyStep interview
d. All users - Answer: administrator
When setting up a new company through the Advanced Setup, some company information is optional
and some is absolutely required. Which of the following
pieces of information does QuickBooks require you to enter during the EasyStep Interview?
a. Company name
b. Company password
,c. Tax ID
d. All of the above - Answer: company name
How do you set up multiple businesses in QuickBooks (assuming each business files a separate tax
return)?
a. Purchase a separate QuickBooks license for each company you need to set up.
b. Use the Advanced Setup to go through the EasyStep interview for the oldest
c. Use the Advanced Setup to go through the EasyStep interview for each company
d. Use the Advanced Setup to go through the EasyStep Interview for the largest company first, and then
choose File > Add a separate business at the end of the
interview. to create a separate company file. - Answer: Use the Advanced Setup to go through the
EasyStep interview for each company
During the Advanced Setup, how do you setup a new account that is not on the default list of accounts
during the EasyStep Interview?
a. You can't add accounts that are not on the QuickBooks default list. Finish the interview and add the
accounts directly to the Chart of Accounts.
b. Click Add new account in the EasyStep Interview.
c. Click Edit Account during the EasyStep Interview.
d. Select Import My Chart of Accounts during the EasyStep Interview. - Answer: You can't add accounts
that are not on the QuickBooks default list. Finish the interview and add the accounts directly to the
Chart of Accounts.
,You've been hired by a company that started in 1911. They've never used QuickBooks. During the
Advanced Setup, what "Start Date" should you use in the EasyStep Interview?
a. There is no Start Date in the EasyStep Interview.
b. The date the company bought QuickBooks.
c. 1911
d. The date you want to begin tracking the company's finances in QuickBooks. - Answer: The date you
want to begin tracking the company's finances in QuickBooks.
How do you restore a company file from a backup copy?
a. Choose File > Back Up. Then click the Restore from Backup button.
b. Choose File > Utilities > File Operations > Restore.
c. Choose File > Open or Restore Company. Select Restore a backup copy and click Next. Choose Local or
Online Backup and click Next. Select the file to restore and click Open. Choose where to restore the file
to and click Save.
d. Click the Restore icon on the Home page.
click Next. - Answer: Choose File > Open or Restore Company. Select Restore a backup copy and click
Next. Choose Local or Online Backup and click Next. Select the file to restore and click Open. Choose
where to restore the file to and click Save.
Which of the following is NOT a backup option in QuickBooks?
a. Manually back up the file.
b. Automatically back up the data file when closing QuickBooks.
c. Schedule an unattended backup
, d. All of the above are QuickBooks backup options. - Answer: All of the above are QuickBooks backup
options.
Why would you restore a data file from the backup file?
a. You wish to review the company data as it stood at an earlier date.
b. The company data file on your hard drive is damaged and cannot be used.
c. Your computer crashed. You reloaded QuickBooks, and now you are ready to open the company file.
d. All of the above. - Answer: All of the above
How do you switch to Multi-User Mode?
a. Choose Company > Set Up Users and Passwords > Set Up Users from the
b. Open the data file from a remote location.
c. Choose Edit > Preferences > Multi-User from the menu.
d. Choose File > Switch to Multi-user Mode from the menu. - Answer: Choose File > Switch to Multi-user
Mode from the menu.
If you choose to remove transactions as of a specific date from the "Condense Data" window, what does
QuickBooks do?
a. Removes all payroll transactions that occurred on that date. This is a great way to fix the mistakes a
new person made on a particular day.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now