Quickbooks exam quiz - Study guides, Class notes & Summaries

Quickbooks Exam 2023 Questions and Answers with complete solution;(Quiz bank)

Quickbooks Exam 2023 Questions and Answers with complete solution;(Quiz bank)

What are the two methods of New Company Setup in QuickBooks? Detailed Start and Express Start What is the QuickBooks EasyStep Interview window designed to do? helps you create and set up a new company file In addition to selecting the method of New Company Setup, what is the QuickBooks Setup window designed to do? allows you to enter information on customers, vendors, service items, and inventory part items

The company that hires the workers is referred to as the employer A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. employee Payroll involves all of the following except preparing a spreadsheet with government agencies names and addresses.

To make sure you are starting in the correct place in the data, display the: A)January journal. B)Adjusted Trial Balance. C)January 1 Trial Balance. D)December 1-31 Balance Sheet. E)None of the above. C)January 1 Trial Balance In Chapter 8, all transactions occur in the month of: A)November. B)December. C)January. D)October. E)None of the above. C)January

What are the two methods of New Company Setup in QuickBooks? Detailed Start and Express Start What is the QuickBooks EasyStep Interview window designed to do? helps you create and set up a new company file In addition to selecting the method of New Company Setup, what is the QuickBooks Setup window designed to do? allows you to enter information on customers, vendors, service items, and inventory part items After completing the EasyStep Interview and QuickBooks Setup windows you then ...

Subitems do NOT affect the accounting behind the scenes True To edit an existing transaction in QuickBooks, you void it and the re-create it False Lists in QuickBooks are used for storing your list of accounts False You CANNOT add information to a customer entry; you must enter the information into a job False You CANNOT edit a customer record after it has been created False

What information is required before setting up a QuickBooks file? (page 42) Bank statement How do you start a new company data file in QuickBooks (Easy Step Interview)? (page 42-46) 1. Click "create a new company" 2. Choose "Express Start" 3. Type in company name 4. Select your industry 5. OK 6. Company name 7. Key in information in fields 8. Click "Create Company" 9. Click Add in "Add your bank accounts"

Which term best describes the QuickBooks Online environment? Cloud-based Where do you back up your QuickBooks Online data files? you don't Dolly uses QuickBooks Online and is upgrading to a new computer. What do you tell her? Since QuickBooks Online is cloud software, all you have to do is sign in What is a center? Where transaction and contact information are consolidated On the Account and Settings screen, use the _____ tab to include account numbers in your Chart of Accounts. advance...

In Chapter 10, use the ______________________ to reconcile Account 101 Checking. a. Activity list. b. Account and Settings. c. Vendor purchases. d. Bank statement. e. None Bank statement March 31 is the end of the: a. Fourth quarter. b. Third quarter. c. Second quarter. d. First quarter. e. None First quarter. The source documents in Chapter 10 include. a. Credit card sales. b. Accounts payable transactions. c. Accounts receivable transactions. d. Checks. e. All. All.