Question 1

Which of the following tasks is completed from the Banking section of the Home Page?

Accepted Answer

A) Pay employees 
B) Write checks 
C) Enter bills 
D) Record payments received from customers

Question 2

Which financial statement below summarizes a company's earnings?

Accepted Answer

A) Statement of Cash Flows 
B) Cash Flow Forecast 
C) Balance Sheet 
D) Profit & Loss Statement

Question 3

A QuickBooks QBB file

Accepted Answer

A) Can be opened and used by simply clicking on the QBB file 
B) Is a compressed file that must be restored as a QBW file before transactions can be entered 
C) Is a compressed file that can be unzipped using any unzip software application 
D) All of the choices are correct

Exam 1: Navigation and Settings

Which of the following tasks is completed from the Banking section of the Home Page?

Which financial statement below summarizes a company's earnings?

A QuickBooks QBB file