QUICKBOOKS CERTIFICATION EXAM
PART 1 EXAM QUESTIONS WITH
COMPLETE SOLUTIONS
Which of the following is a reason to create a new company file?
a. To start recording transactions for a new year because each file tracks only one fiscal
year.
b. QuickBooks cannot create more than one file.
c. To start over when a company file has many errors that are beyond repair.
d. The current company file has reached a limit of 1,000 transactions. - Answer-C
The company file you are working on is a mess. You decided to start a new file. At the
same time you want to keep all the lists and preferences and just delete the
transactions. How do you do this?
a. Create a company and select copy settings from another company in the Easy Step
interview.
b. Click the File menu, choose utilities, clean up company data, then choose default
transaction option.
c. You can't do this in QuickBooks
d. Click on the Edit menu and delete all transactions. - Answer-B
Why might you need to restore a company file?
a. The company file on your hard drive is damaged or corrupted
b. The computer's hard drive is damaged
c. You want to review your company's data as it stood at an earlier period
d. All of the above - Answer-D
. Which of the following is TRUE regarding General Journal entries?
a. General Journal entries require a good understanding of debits and credits and
should not be used by non-accountants.
b. Enter a General Journal entry when you are not sure which form to use.
c. General Journal entries should not be used for year-end adjustments.
d. General Journal entries should not be used to enter depreciation. - Answer-A
You finished entering all the transactions for last year, and just sent the file to the tax
preparer. How do you ensure that no one accidently deletes or edits a transaction last
year?
a. In the company information window select the first month in the fiscal year.
b. Click the close financial year icon on the home page and enter the end of your fiscal
year.
c. Complete the closed the book wizard.
d. Set the closing date and password in the accounting preferences in the company
menu. - Answer-D
, Which is a reason to NOT enter a general journal entry?
a. To enter transactions in another way instead of using built in forms.
b. For accountants to make entries
c. For yearend adjustments.
d. Enter depreciation - Answer-A
You been asked to move the name of the customer and the customer center from the
top of the list to the bottom of the list. How do you do this without renaming the
customer?
a. Click to the right of the name then drag the name up or down the list
b. Right-click on the name then select sort by selection
c. You can't move list entries to different location on the list
d. Click on the diamond to the left of the name and then drag the name up or down to
the desired location - Answer-D
How would you track customer birth dates in QuickBooks? a. Use the built in Excel link
to track the information.
b. Add a custom field to the customer list.
c. Use track additional data feature in the customer center. d. You cannot track
customer's birthdays. - Answer-B
How do you move list entries to a different location on the list? For example, Customers.
a. Click to the right of the name and drag the name up or down on the list.
b. Right click on the name then select sort by selection.
c. You can't use move list entries to different locations on the list.
d. Click on the diamond to the left of the name and then drag the name up or down the
list. - Answer-D
Which of the following is NOT true regarding merging entries?
a. Merging effectively combines names on a list.
b. QuickBooks allows you to merge an Expense account with an Income account.
c. Merging entries effects past transaction.
d. You can only merge names of the same type. - Answer-B
Your company just hired a subcontractor to work 40 hours per week. Which list should
you add this person to?
a. Employees.
b. Vendors.
c. Subcontractors.
d. Other names. - Answer-B
List entries may be deleted only when:
a. There is no balance, it has not been used and is not linked to anything that has been
used.
b. You entered a valid security password.
PART 1 EXAM QUESTIONS WITH
COMPLETE SOLUTIONS
Which of the following is a reason to create a new company file?
a. To start recording transactions for a new year because each file tracks only one fiscal
year.
b. QuickBooks cannot create more than one file.
c. To start over when a company file has many errors that are beyond repair.
d. The current company file has reached a limit of 1,000 transactions. - Answer-C
The company file you are working on is a mess. You decided to start a new file. At the
same time you want to keep all the lists and preferences and just delete the
transactions. How do you do this?
a. Create a company and select copy settings from another company in the Easy Step
interview.
b. Click the File menu, choose utilities, clean up company data, then choose default
transaction option.
c. You can't do this in QuickBooks
d. Click on the Edit menu and delete all transactions. - Answer-B
Why might you need to restore a company file?
a. The company file on your hard drive is damaged or corrupted
b. The computer's hard drive is damaged
c. You want to review your company's data as it stood at an earlier period
d. All of the above - Answer-D
. Which of the following is TRUE regarding General Journal entries?
a. General Journal entries require a good understanding of debits and credits and
should not be used by non-accountants.
b. Enter a General Journal entry when you are not sure which form to use.
c. General Journal entries should not be used for year-end adjustments.
d. General Journal entries should not be used to enter depreciation. - Answer-A
You finished entering all the transactions for last year, and just sent the file to the tax
preparer. How do you ensure that no one accidently deletes or edits a transaction last
year?
a. In the company information window select the first month in the fiscal year.
b. Click the close financial year icon on the home page and enter the end of your fiscal
year.
c. Complete the closed the book wizard.
d. Set the closing date and password in the accounting preferences in the company
menu. - Answer-D
, Which is a reason to NOT enter a general journal entry?
a. To enter transactions in another way instead of using built in forms.
b. For accountants to make entries
c. For yearend adjustments.
d. Enter depreciation - Answer-A
You been asked to move the name of the customer and the customer center from the
top of the list to the bottom of the list. How do you do this without renaming the
customer?
a. Click to the right of the name then drag the name up or down the list
b. Right-click on the name then select sort by selection
c. You can't move list entries to different location on the list
d. Click on the diamond to the left of the name and then drag the name up or down to
the desired location - Answer-D
How would you track customer birth dates in QuickBooks? a. Use the built in Excel link
to track the information.
b. Add a custom field to the customer list.
c. Use track additional data feature in the customer center. d. You cannot track
customer's birthdays. - Answer-B
How do you move list entries to a different location on the list? For example, Customers.
a. Click to the right of the name and drag the name up or down on the list.
b. Right click on the name then select sort by selection.
c. You can't use move list entries to different locations on the list.
d. Click on the diamond to the left of the name and then drag the name up or down the
list. - Answer-D
Which of the following is NOT true regarding merging entries?
a. Merging effectively combines names on a list.
b. QuickBooks allows you to merge an Expense account with an Income account.
c. Merging entries effects past transaction.
d. You can only merge names of the same type. - Answer-B
Your company just hired a subcontractor to work 40 hours per week. Which list should
you add this person to?
a. Employees.
b. Vendors.
c. Subcontractors.
d. Other names. - Answer-B
List entries may be deleted only when:
a. There is no balance, it has not been used and is not linked to anything that has been
used.
b. You entered a valid security password.
