Question 1

You are setting up a new company using the Easy Step Interview. Which items of company information must you enter:

Accepted Answer

A) Company address 
B) Company Tax ID number 
C) Employee information 
D) Company name 
A) Company address 
B) Company Tax ID number 
C) Employee information 
D) Company name

Question 2

Where do you key in information about a new employee?

Accepted Answer

A) Company preferences 
B) Must be keyed in each fiscal year in the employee preferences tab 
C) In the Home Page 
D) Payroll Info tab 
A) Company preferences 
B) Must be keyed in each fiscal year in the employee preferences tab 
C) In the Home Page 
D) Payroll Info tab

Question 3

When a customer purchases goods or services but does not pay at the point of sale,what do you record?

Accepted Answer

A) An invoice 
B) A purchase order 
C) A reminder 
D) None of the choices are correct 
A) An invoice 
B) A purchase order 
C) A reminder 
D) None of the choices are correct

Question 4

What two restrictions on merging occur in QuickBooks?

Accepted Answer

A) Names or different types of accounts 
B) Accounts on different financial statements or negative balances 
C) Accounts with credits or Contra Accounts 
D) None of the choices are correct 
A) Names or different types of accounts 
B) Accounts on different financial statements or negative balances 
C) Accounts with credits or Contra Accounts 
D) None of the choices are correct

Question 5

QuickBooks uses which basis of bookkeeping?

Accepted Answer

A) Accrual 
B) Cash 
C) Both accrual and cash 
D) Neither accrual nor cash 
A) Accrual 
B) Cash 
C) Both accrual and cash 
D) Neither accrual nor cash

You are setting up a new company using the Easy Step Interview. Which items of company information must you enter:

Where do you key in information about a new employee?

When a customer purchases goods or services but does not pay at the point of sale,what do you record?

What two restrictions on merging occur in QuickBooks?

QuickBooks uses which basis of bookkeeping?

Navigation and Settings

Chart of Accounts

Transactions

Banking

Customers and Sales

Vendors and Expenses

Inventory

Employees and Payroll

Adjustments

Reports

Service Company

Merchandise Company

Features for Accountants

Desktop Versus Quickbooks Online

Filters

Exam 15: Review Guide

You are setting up a new company using the Easy Step Interview. Which items of company information must you enter:

Where do you key in information about a new employee?

When a customer purchases goods or services but does not pay at the point of sale,what do you record?

What two restrictions on merging occur in QuickBooks?

QuickBooks uses which basis of bookkeeping?

Navigation and Settings

Chart of Accounts

Transactions

Banking

Customers and Sales

Vendors and Expenses

Inventory

Employees and Payroll

Adjustments

Reports

Service Company

Merchandise Company

Features for Accountants

Desktop Versus Quickbooks Online

Filters