QUICKBOOKS CERTIFICATION TEST EXAM QUESTIONS WITH CORRECT ANSWERS

QUICKBOOKS CERTIFICATION TEST
EXAM QUESTIONS WITH CORRECT
ANSWERS
#What is the reason for not being able to delete a list entry? - Answer-The entry has
been used in a transaction

What should you do after you click save & close on a customer credit memo? - Answer-
Choose between retained as an available credit, give a refund or apply to an invoice

**What steps most you complete to use the payroll center to pay payroll liabilities? -
Answer-Set deposit frequencies

#What tool do you use to move your logo to a form? - Answer-layout designer

#What transaction in quickbooks should you use if your customer pays you when you
provide the goods or services? - Answer-Sales receipt

#When a transaction is changed, what information does the Audit Trail report provide? -
Answer-who changed the transaction, and the date/time the transaction was changed

#When can you delete a check from quickbooks without voiding it? - Answer-When you
have multiple copies of the check

When making your payroll tax deposit, how can you add IRS interest and/or penalties? -
Answer-Click the expense tab and enter the appropriate account and amount of interest
and penalties

#When should you set up a non-inventory item type? - Answer-for something you buy
and sell but don't need to track the quantity on hands

When should you use the items tab on a bill or check? - Answer-When you purchase
inventory parts

**When you are setting up a service item, what happens if you select the box next to
this "service is performed by a subcontractor or partner"? - Answer-quickbooks provides
fields so you can track purchases and sales information for that item

What is the best definition of the start date in quickbooks? - Answer-The day you
choose to start recording the financial records

#When you enter a purchase order for inventory, which accounts are affected? -
Answer-None, because purchase orders are non-posting transactions

, Where can you see a thumbnail sample of each report in quickbooks along with a
description of what the report tells you? - Answer-Report center

#Which accounts are affected when you enter time in quickbooks? - Answer-Accounts
receivable

Which is not shown on the payroll summary report on quickbooks? - Answer-information
necessary to complete your state unemployment tax form

#Which of the following can be memorized in quickbooks? - Answer-bill

Which of the following is a possible reason for a bank reconciliation discrepancy? -
Answer-The beginning balance calculated by quickbooks doesn't match last months
ending balance

Which of the following is a reason to create a new company file? - Answer-When a
company file has many errors that are beyond repair

#Which of the following is not true regarding merging entries? - Answer-quickbooks
allows you to merge an expense account with an income account

Which of the following is true regarding general journal entries? - Answer-general
journal entries require a good understanding of debits and credits and shouldn't be used
by non-accountants

Which of the following statements is not true regarding entering and paying bills in
quickbooks? - Answer-if you use the enter bills window to record a bill, do not use the
write checks window or check register to pay the same bill

#Which of the following statements is not true regarding single user and multi-user
mode? - Answer-Only the administrator is allowed in the file when it is in single user
mode

#Which of the following statements is true regarding how you record a debit card
transaction in quickbooks? - Answer-Use the write checks window or check register and
type debit in the check number field

#Which of the following statements is true regarding items? - Answer-When you
purchase or sell an item, the value of the purchase or sales flows to the account and
therefore the financial statements you selected when you set up the item

Which of the following statements is true regarding undeposited funds? - Answer-it's an
account used to record payments before you make a deposit