QuickBooks Practice Test
During the advanced/detailed setup, you can turn on and off which
features in the EasyStep Interview correct answersSales Tax, Inventory,
& Progress Invoicing.
To turn off AFTER the easy step interview, choose edit --> preferences.
During the Advanced/Detailed Setup, you can set up a password for
which of the following users during the EasyStep Interview? correct
answersAdministrator.
When setting up a new company through the Advanced/Detailed Setup,
some company information is optional and some is required. Which of the
following pieces of information does QuickBooks require you to enter during
the EasyStep Interview? correct answersCompany Name
How do you set up multiple businesses in QuickBooks (assuming each
business files a separate tax return)? correct answersUse the
Advanced/Detailed Setup to go through the EasyStep Interview for each
company to create a separate company file.
During the Advanced/Detailed Setup, how do you setup a new account that is
not on the default list of accounts during the EasyStep Interview? correct
answersYou can't add accounts that are not on the QuickBooks default list.
Finish the interview and add the accounts directly to the Chart of Accounts.
Also, you cant add any balances to the accounts (an opening trial balance).
However, you can add bank account balances.
You've been hired by a company that started in 1911. They've never used
QuickBooks. During the Advanced/Detailed Setup, what "start date" should
you use? correct answersThe date you want to begin tracking the company's
finances in QuickBooks.
You should use the date for which you have accurate starting balances. If
the date is in the past, you will have to enter transactions that have
occurred up to that point.
How do you restore a company file from a backup copy? correct answersFile
--> Open or Restore Company --> Restore a Backup Copy --> Next --> Local
or Online Backup --
> Next --> Select the file to restore --> Open --> choose where to restore
the file to --> Save
What is a backup option in QuickBooks? correct answersManually back up
the file; Automatically back up the data file when closing QuickBooks;
Schedule an unattended backup.
, Why would you restore a data file from the backup file? correct answersYou
wish to review the company data as it stood at an earlier date; The
company data file on your hard drive is damaged and cannot be used; Your
computer crashed. You reloaded QuickBooks, and now you are ready to
open the company file.
How do you switch to Multi-User Mode? correct answersFile --> Switch to
Multi-User Mode
If you choose to remove transactions as of a specific date from the
"Condense Data" window, what does QuickBooks do? correct
answersRemoves all transactions while leaving list, preferences, and
service subscriptions intact.
What happens when you press F2 in QuickBooks? correct
answersQuickBooks opens the Product Information window which includes
version and company file information.
If the computer that houses your QuickBooks data crashes, what
should you do? correct answersRestore a back up copy of your
company file
When you start a company or are hired as a bookkeeper, it is important to
know which edition of QuickBooks you are using. What are the major
QuickBooks editions? correct answersQuickBooks Online, QuickBooks Pro,
QuickBooks Premier, QuickBooks Enterprise Solutions.
When entering a journal entry, what happens if the debits don't equal
the credits? correct answersQuickBooks will not allow you to record the
transaction.
What do the diamonds mean on certain lists (for example, the diamonds to
the left of each Customer:Job)? correct answersYou can click on the
diamond and move the list entry to a different location on the list
If you moved a list entry up or down, what happens when you add a new
entry to the list? correct answersQuickBooks adds new list entries to the top
of the list, regardless of alphabetic order
What is the maximum number of names that can be included on the
Names lists in QuickBooks Pro or Premier? correct answers14,500
What keyboard shortcut allows you to see a total for all four names
lists? correct answersF2
How do you combine or merge two list entries? correct answersRename the
unwanted list entry to match the name of the list entry you want to merge
into.
There are some cases where you can't merge or combine entries. You
can't merge entries of different "type"
During the advanced/detailed setup, you can turn on and off which
features in the EasyStep Interview correct answersSales Tax, Inventory,
& Progress Invoicing.
To turn off AFTER the easy step interview, choose edit --> preferences.
During the Advanced/Detailed Setup, you can set up a password for
which of the following users during the EasyStep Interview? correct
answersAdministrator.
When setting up a new company through the Advanced/Detailed Setup,
some company information is optional and some is required. Which of the
following pieces of information does QuickBooks require you to enter during
the EasyStep Interview? correct answersCompany Name
How do you set up multiple businesses in QuickBooks (assuming each
business files a separate tax return)? correct answersUse the
Advanced/Detailed Setup to go through the EasyStep Interview for each
company to create a separate company file.
During the Advanced/Detailed Setup, how do you setup a new account that is
not on the default list of accounts during the EasyStep Interview? correct
answersYou can't add accounts that are not on the QuickBooks default list.
Finish the interview and add the accounts directly to the Chart of Accounts.
Also, you cant add any balances to the accounts (an opening trial balance).
However, you can add bank account balances.
You've been hired by a company that started in 1911. They've never used
QuickBooks. During the Advanced/Detailed Setup, what "start date" should
you use? correct answersThe date you want to begin tracking the company's
finances in QuickBooks.
You should use the date for which you have accurate starting balances. If
the date is in the past, you will have to enter transactions that have
occurred up to that point.
How do you restore a company file from a backup copy? correct answersFile
--> Open or Restore Company --> Restore a Backup Copy --> Next --> Local
or Online Backup --
> Next --> Select the file to restore --> Open --> choose where to restore
the file to --> Save
What is a backup option in QuickBooks? correct answersManually back up
the file; Automatically back up the data file when closing QuickBooks;
Schedule an unattended backup.
, Why would you restore a data file from the backup file? correct answersYou
wish to review the company data as it stood at an earlier date; The
company data file on your hard drive is damaged and cannot be used; Your
computer crashed. You reloaded QuickBooks, and now you are ready to
open the company file.
How do you switch to Multi-User Mode? correct answersFile --> Switch to
Multi-User Mode
If you choose to remove transactions as of a specific date from the
"Condense Data" window, what does QuickBooks do? correct
answersRemoves all transactions while leaving list, preferences, and
service subscriptions intact.
What happens when you press F2 in QuickBooks? correct
answersQuickBooks opens the Product Information window which includes
version and company file information.
If the computer that houses your QuickBooks data crashes, what
should you do? correct answersRestore a back up copy of your
company file
When you start a company or are hired as a bookkeeper, it is important to
know which edition of QuickBooks you are using. What are the major
QuickBooks editions? correct answersQuickBooks Online, QuickBooks Pro,
QuickBooks Premier, QuickBooks Enterprise Solutions.
When entering a journal entry, what happens if the debits don't equal
the credits? correct answersQuickBooks will not allow you to record the
transaction.
What do the diamonds mean on certain lists (for example, the diamonds to
the left of each Customer:Job)? correct answersYou can click on the
diamond and move the list entry to a different location on the list
If you moved a list entry up or down, what happens when you add a new
entry to the list? correct answersQuickBooks adds new list entries to the top
of the list, regardless of alphabetic order
What is the maximum number of names that can be included on the
Names lists in QuickBooks Pro or Premier? correct answers14,500
What keyboard shortcut allows you to see a total for all four names
lists? correct answersF2
How do you combine or merge two list entries? correct answersRename the
unwanted list entry to match the name of the list entry you want to merge
into.
There are some cases where you can't merge or combine entries. You
can't merge entries of different "type"
