REAL EXAM QUESTIONS AND CORRECT ANSWERS|
ACCURATE REAL EXAM WITH FREQUENTLY TESTED
QUESTIONS AND RATIONALE /ALREADY GRADED A+.
Which of the following is NOT true regarding merging
entries? - ANSWER -
quickbooks allows you to merge an expense account with an
Income account
How do you make an item on the item list inactive? - ANSWER -
Open the Item list. Click to select the appropriate item. Then
click the bottom-left Item button and select Make Item Inactive.
How do you pay payroll liabilities in QuickBooks? - ANSWER -
Select the payments you want to make from the Pay Scheduled
Liabilities list in the Payroll Center. Then click View/Pay.
How do you hide subaccounts on a report? - ANSWER -Click
the Collapse
button
,The company file you are working on is a mess. You decide to
start a new file. To save time, you want to keep all the lists and
preferences and just delete the transactions. How do you do
this? - ANSWER -Click the File menu and select
Utilities>Condense Data from the menu. Then choose the All
transactions option.
When you run a Profit & Loss on the accrual basis, What
does QuickBooks
include as income? - ANSWER -
All sales
Which of the following elements on an invoice can you NOT
customize? - ANSWER -The amount of information (number of
characters) you can type in each field.
For each functional area of QuickBooks Pro and Premier (e.g,
Sale & Accounts Receivable, Purchases & Accounts Payable,
etc.), What levels of the access can you grant to users? -
ANSWER -You can prohibit access, grant full access, or grant
selective access. These levels apply to All transactions within
that area.
Which of the following CANNOT be entered during the setup
of new company
, (Express Start or Advanced Setup) file? - ANSWER -Chart
of Accounts.
What two steps do you follow to track accounts payable in
QuickBooks? -
ANSWER -EnterBills,
Pay Bills
How do you record a debit card transaction in QuickBooks? -
ANSWER -Use
the Write Checks window (or the check register) but type
"Debit" in the check
number
field.
Suppose you always want all reports to show with a specific font
size and color.
How do you set this standard or preference in QuickBooks so
you don't have
have to customized each report? - ANSWER -Click the Edit
menu and select
Preferences. Then click the Reports & Graphs group to
set your report
preferences.