Question 1

A credit card sale is treated exactly like a________ .

Accepted Answer

A) cash sale 
B) sale on account until reimbursement is received from a bank 
C) sale on account 
D) bank deposit 
A) cash sale 
B) sale on account until reimbursement is received from a bank 
C) sale on account 
D) bank deposit

Question 2

Orders for merchandise are prepared using the QuickBooks Desktop ___________form.

Accepted Answer

The answer of Orders for merchandise are prepared using the...

Question 3

You may use the View menu to change from a Left Icon Bar to a Top Icon Bar.

Accepted Answer

A) True 
 B)False

Question 4

The report that proves assets = liabilities + owner's equity is the ________.

Accepted Answer

A) Trial Balance 
B) Income Statement 
C) Profit & Loss Statement 
D) Balance Sheet 
A) Trial Balance 
B) Income Statement 
C) Profit & Loss Statement 
D) Balance Sheet

Question 5

QuickBooks Desktop uses ________to value the inventory.

Accepted Answer

A) LIFO 
B) FIFO 
C) the gross profit method 
D) the average cost method 
A) LIFO 
B) FIFO 
C) the gross profit method 
D) the average cost method

Question 6

A report that you have customized by sizing, adding, and/or removing columns may be___________ so the custom format is used each time it is prepared.

Accepted Answer

The answer of A report that you have customized by...

Question 7

Rather than use a traditional Sales Journal to record transactions using debits and credits and special columns, QuickBooks Desktop uses a(n)______ to record sales transactions for accounts receivable.

Accepted Answer

A) Sales Receipt 
B) Credit Card Receipt 
C) Invoice 
D) Undeposited Transaction Register 
A) Sales Receipt 
B) Credit Card Receipt 
C) Invoice 
D) Undeposited Transaction Register

Question 8

To display employee names by last name, make the selection on the________ .

Accepted Answer

A) Payroll & Employees Preferences 
B) Employee List 
C) Employee Center 
D) any of the above 
A) Payroll & Employees Preferences 
B) Employee List 
C) Employee Center 
D) any of the above

Question 9

If a bill is recorded in the Enter Bills window, you should pay the bill by_________ .

Accepted Answer

A) writing a check 
B) using the Pay Bills window 
C) using petty cash 
D) allowing QuickBooks Desktop to generate the check automatically five days before the due date 
A) writing a check 
B) using the Pay Bills window 
C) using petty cash 
D) allowing QuickBooks Desktop to generate the check automatically five days before the due date

Question 10

If several taxes are owed to a single agency, QuickBooks Desktop generates a separate check to the agency for each tax liability item.

Accepted Answer

A) True 
 B)False

Question 11

The Discount Info button on the Receive Payments window allows discounts to be applied to invoices being paid by clicking Cancel.

Accepted Answer

A) True 
 B)False

Question 12

To create a new company, you use the______ .

Accepted Answer

A) File Menu 
B) QuickBooks Desktop Company Preferences screen 
C) Activities Menu 
D) any of the above 
A) File Menu 
B) QuickBooks Desktop Company Preferences screen 
C) Activities Menu 
D) any of the above

Question 13

A backup file _________.

Accepted Answer

A) is a duplicate of the company data 
B) is prepared in case of emergencies or errors 
C) is restored to a .qbw file for use 
D) all of the above 
A) is a duplicate of the company data 
B) is prepared in case of emergencies or errors 
C) is restored to a .qbw file for use 
D) all of the above

Question 14

When entering a bill, typing the first letter(s) of a vendor's name on the vendor line_______ .

Accepted Answer

A) enters the vendor's name on the line if it is in the Vendors list 
B) takes you to the vendor's account in the Vendor Center 
C) displays the Transaction Info tab for the vendor 
D) Indicates you want to type the vendor name completely 
A) enters the vendor's name on the line if it is in the Vendors list 
B) takes you to the vendor's account in the Vendor Center 
C) displays the Transaction Info tab for the vendor 
D) Indicates you want to type the vendor name completely

Question 15

Additional investments by an owner may be________.

Accepted Answer

A) cash items 
B) noncash items 
C) made at any time 
D) all of the above 
A) cash items 
B) noncash items 
C) made at any time 
D) all of the above

Question 16

_____-basis accounting matches income and expenses against a period, and   ______ -basis accounting records income when the money is received and expenses when the purchase is made or the bill is paid.

Accepted Answer

The answer of _____-basis accounting matches income and expenses against...

Question 17

A logo may be added to the Insights page.

Accepted Answer

A) True 
 B)False

Question 18

With the Customer Balance Summary Report on the screen, it is possible to view an individual customer's information by using _________.

Accepted Answer

A) QuickReport 
B) QuickZoom 
C) QuickGraph 
D) QuickSummary 
A) QuickReport 
B) QuickZoom 
C) QuickGraph 
D) QuickSummary

Question 19

The closing entry for owner withdrawals transfers the balance of an owner's drawing account into the ______account.

Accepted Answer

A) Owner's Equity 
B) Net Income 
C) Capital 
D) Investment 
A) Owner's Equity 
B) Net Income 
C) Capital 
D) Investment

Question 20

Undeposited Funds represents __________.

Accepted Answer

A) cash sales 
B) cash or checks received from customers but not yet deposited in the bank 
C) the balance of the accounts receivable account 
D) income earned in a previous year 
A) cash sales 
B) cash or checks received from customers but not yet deposited in the bank 
C) the balance of the accounts receivable account 
D) income earned in a previous year

A credit card sale is treated exactly like a________ .

Orders for merchandise are prepared using the QuickBooks Desktop ___________form.

You may use the View menu to change from a Left Icon Bar to a Top Icon Bar.

The report that proves assets = liabilities + owner's equity is the ________.

QuickBooks Desktop uses ________to value the inventory.

A report that you have customized by sizing, adding, and/or removing columns may be___________ so the custom format is used each time it is prepared.

Rather than use a traditional Sales Journal to record transactions using debits and credits and special columns, QuickBooks Desktop uses a(n)______ to record sales transactions for accounts receivable.

To display employee names by last name, make the selection on the________ .

If a bill is recorded in the Enter Bills window, you should pay the bill by_________ .

If several taxes are owed to a single agency, QuickBooks Desktop generates a separate check to the agency for each tax liability item.

The Discount Info button on the Receive Payments window allows discounts to be applied to invoices being paid by clicking Cancel.

To create a new company, you use the______ .

A backup file _________.

When entering a bill, typing the first letter(s) of a vendor's name on the vendor line_______ .

Additional investments by an owner may be________.

_-basis accounting matches income and expenses against a period, and __ -basis accounting records income when the money is received and expenses when the purchase is made or the bill is paid.

A logo may be added to the Insights page.

With the Customer Balance Summary Report on the screen, it is possible to view an individual customer's information by using _________.

The closing entry for owner withdrawals transfers the balance of an owner's drawing account into the ______account.

Undeposited Funds represents __________.

Introduction to Quickbooks 2018 and Company Files

Sales and Receivables: Service Business

Payables and Purchases: Service Business

General Accounting and End-Of- Period Procedures: Service Business

Sales and Receivables: Merchandising Business

Payables and Purchases: Merchandising Business

General Accounting and End-Of-Period Procedures: Merchandising Business

Payroll

Creating a Company in Quickbooks

Filters

Exam 10: Desktop Accounting System: Features and Functionality Overview

A credit card sale is treated exactly like a________ .

Orders for merchandise are prepared using the QuickBooks Desktop ___________form.

You may use the View menu to change from a Left Icon Bar to a Top Icon Bar.

The report that proves assets = liabilities + owner's equity is the ________.

QuickBooks Desktop uses ________to value the inventory.

A report that you have customized by sizing, adding, and/or removing columns may be___________ so the custom format is used each time it is prepared.

Rather than use a traditional Sales Journal to record transactions using debits and credits and special columns, QuickBooks Desktop uses a(n)______ to record sales transactions for accounts receivable.

To display employee names by last name, make the selection on the________ .

If a bill is recorded in the Enter Bills window, you should pay the bill by_________ .

If several taxes are owed to a single agency, QuickBooks Desktop generates a separate check to the agency for each tax liability item.

The Discount Info button on the Receive Payments window allows discounts to be applied to invoices being paid by clicking Cancel.

To create a new company, you use the______ .

A backup file _________.

When entering a bill, typing the first letter(s) of a vendor's name on the vendor line_______ .

Additional investments by an owner may be________.

_____-basis accounting matches income and expenses against a period, and ______ -basis accounting records income when the money is received and expenses when the purchase is made or the bill is paid.

A logo may be added to the Insights page.

With the Customer Balance Summary Report on the screen, it is possible to view an individual customer's information by using _________.

The closing entry for owner withdrawals transfers the balance of an owner's drawing account into the ______account.

Undeposited Funds represents __________.

Introduction to Quickbooks 2018 and Company Files

Sales and Receivables: Service Business

Payables and Purchases: Service Business

General Accounting and End-Of- Period Procedures: Service Business

Sales and Receivables: Merchandising Business

Payables and Purchases: Merchandising Business

General Accounting and End-Of-Period Procedures: Merchandising Business

Payroll

Creating a Company in Quickbooks

Filters

_-basis accounting matches income and expenses against a period, and __ -basis accounting records income when the money is received and expenses when the purchase is made or the bill is paid.