QuickBooks (2024/25) ; Questions with Verified Answers

QuickBooks (2024/25) ; Questions with
Verified Answers
What are the two methods of New Company Setup in QuickBooks? ✔✔Detailed

Start and


Express Start


What is the QuickBooks EasyStep Interview window designed to do? ✔✔helps

you create and


set up a new company file


In addition to selecting the method of New Company Setup, what is the

QuickBooks Setup


window designed to do? ✔✔allows you to enter information on customers,

vendors, service


items, and inventory part items


After completing the EasyStep Interview and QuickBooks Setup windows

✔✔you then take the


information and customize it, update it, and prepare the company file for the

accrual basis of

accounting

, QuickBooks (2024/25) ; Questions with
Verified Answers
In a manual accounting system, a company's records are set up by creating ✔✔a

Chart of


Accounts and general ledger.


In QuickBooks, a company's records are set up by doing all of the following

except


✔✔preparing an income tax return


To create a new company file, you choose ____ from the main menu bar, then

click ____.


✔✔File, New Company


When you choose to create a new company file in QuickBooks, which is the first

window that


appears? ✔✔QuickBooks Setup window


If you choose the Detailed Start method of New Company Setup, which window

are you then


moved to? ✔✔EasyStep Interview window