Gmetrix Quickbooks
Online Test 1 Questions
and Complete Solutions
Graded A+
Which of the following statements is true about merging? - Answer: You can only merge names from the
same type.
You have two customers with the same name. How do you handle this in QuickBooks? - Answer: Use a
middle initial or other letter in the display name to make one name different than the other.
How do delayed charges affect a customer's balance? - Answer: Delayed charges have no effect on a
customer's balance.
Which of the following is true regarding Undeposited Funds in QuickBooks? - Answer: Undeposited
funds is an account used to record payments before you make a deposit.
What is one reason not to use a bank deposit or journal entry screen to record sales? - Answer: If you
record sales through the bank deposit or journal entry screen, the sales will not appear on the sales
report.
What transaction should you enter if a customer returns a damaged product or, in the case of service,
complains so much you decide to offer a return. - Answer: Credit Memo
When you invoice for time and costs, where does QuickBooks get the billable time or costs? - Answer:
QuickBooks gets the billable time or cost from billable time entered on timesheets and/or billable costs
entered on checks and bills.
Online Test 1 Questions
and Complete Solutions
Graded A+
Which of the following statements is true about merging? - Answer: You can only merge names from the
same type.
You have two customers with the same name. How do you handle this in QuickBooks? - Answer: Use a
middle initial or other letter in the display name to make one name different than the other.
How do delayed charges affect a customer's balance? - Answer: Delayed charges have no effect on a
customer's balance.
Which of the following is true regarding Undeposited Funds in QuickBooks? - Answer: Undeposited
funds is an account used to record payments before you make a deposit.
What is one reason not to use a bank deposit or journal entry screen to record sales? - Answer: If you
record sales through the bank deposit or journal entry screen, the sales will not appear on the sales
report.
What transaction should you enter if a customer returns a damaged product or, in the case of service,
complains so much you decide to offer a return. - Answer: Credit Memo
When you invoice for time and costs, where does QuickBooks get the billable time or costs? - Answer:
QuickBooks gets the billable time or cost from billable time entered on timesheets and/or billable costs
entered on checks and bills.
