Question 1

Which of the following file types identifies a QuickBooks Portable file?

Accepted Answer

A) .QBM 
B) .QBB 
C) .QBX 
D) .QBW

Question 2

Your QuickBooks data can be stored in all of the following ways except:

Accepted Answer

A) Online 
B) Backup 
C) Portable File 
D) All of these store QuickBooks data

Question 3

The QuickBooks file extension .QBM indicates the file is a:

Accepted Answer

A) QuickBooks working file 
B) QuickBooks movable file 
C) QuickBooks Accountant's transfer file 
D) QuickBooks Accountant's working file

Question 4

The Chart of Accounts can be accessed from which section of the Home page?

Accepted Answer

A) Customer 
B) Banking 
C) Vendor 
D) Company

Question 5

Which screen provides a summary of important company information?

Accepted Answer

A) Company Information 
B) Company Snapshot 
C) Home Page 
D) Company Center

Question 6

The objective of an accounting information system,like QuickBooks,is to:

Accepted Answer

A) Save company resources,like time and paper 
B) Use the computer for keeping accounting records 
C) Collect,summarize,and analyze data 
D) None of these

Question 7

All of the following are one of the four main categories of transactions in QuickBooks except?

Accepted Answer

A) Chart of Accounts 
B) Customers 
C) Vendors 
D) Employees

Question 8

Which of the following tasks can be completed in the Vendor section of the Home page?

Accepted Answer

A) Create Invoices 
B) Create Estimates 
C) Receive Inventory 
D) Receive Payments

Exam 1: Introduction to PFP