QUICKBOOKS EXAM QUESTIONS WITH
LATEST UPDATE
How many Admin users can you have in one QuickBooks file? - Answer-1
Which user/s have the capability to change their password? - Answer-All Users
What menu option will display your icon bar at the top of your screen under the menu
bar? - Answer-Menu Bar, View, Top Icon Bar
Where can you find the option to add the Open Windows List? - Answer-Menu option
"View"
How many different types of accounts can you create in the Chart of Accounts? -
Answer-16
How many different Profit and Loss specific accounts are there in QuickBooks? -
Answer-5
How many email addresses can be stored in a primary customer record? - Answer-4
How many custom fields can you have for your Customer List in QuickBooks Premier? -
Answer-7
In the Income Tracker, you can select random and multiple transactions (Invoices for
example) and print them as a batch? - Answer-Yes
You can create 1099's from the Vendor Center? - Answer-No
What is the purpose of a double sided item? - Answer-To correctly post the income and
expenses when used on the items tab
In the Item List, how many sub-levels can be created be created? - Answer-5
What QuickBooks Edition only allows a percentage Price Level? - Answer-QuickBooks
Pro
You can use Price Levels in sales transaction without assigning them to a customer? -
Answer-Yes
An example of an "Other Name" is a gas station that you always pay by credit or debit
card? - Answer-Yes
, What functions does the Layout Designer allow you to do? - Answer-Add text boxes to
your template
You can have 2 of the exact same template name in the Templates List? - Answer-No
If the Markup Column is not available in the Estimate, what list do you have to modify to
add it? - Answer-Templates
Where do you go to add Progress Invoices as a feature? - Answer-Company
Preferences
Which form creates backorders in QuickBooks? - Answer-Sales Orders
Back Orders are automatically generated if the inventory is not in stock? - Answer-No
Using multiple Accounts Receivable accounts is recommended to make keeping track
of different types of income easier? - Answer-No
Which sales transaction does not require the use of a customer name? - Answer-Sales
Receipt
What feature in QuickBooks allows you to create multiple invoices for group of
customers for the exact same items? - Answer-Batch Invoices
Batch Invoicing is located under what menu options? - Answer-Customer
You can choose more than one group at a time to process batch invoices for? - Answer-
No
Assuming you file sales and use tax, voiding an invoice in a prior period won't affect
your sales tax for your current month? - Answer-False
Customer Deposits is usually set up as what type of account? - Answer-Other Current
Liability
What type of items are set up to handle bounced checks? - Answer-Other Charge
Vehicle mileage is found under which menu option? - Answer-Company
The credit card information in a customer records uses what merchant services? -
Answer-Intuit Merchant Services
When recording a deposit from Undeposited Funds to you bank, you don't change the
accounts the payments came from? - Answer-True
LATEST UPDATE
How many Admin users can you have in one QuickBooks file? - Answer-1
Which user/s have the capability to change their password? - Answer-All Users
What menu option will display your icon bar at the top of your screen under the menu
bar? - Answer-Menu Bar, View, Top Icon Bar
Where can you find the option to add the Open Windows List? - Answer-Menu option
"View"
How many different types of accounts can you create in the Chart of Accounts? -
Answer-16
How many different Profit and Loss specific accounts are there in QuickBooks? -
Answer-5
How many email addresses can be stored in a primary customer record? - Answer-4
How many custom fields can you have for your Customer List in QuickBooks Premier? -
Answer-7
In the Income Tracker, you can select random and multiple transactions (Invoices for
example) and print them as a batch? - Answer-Yes
You can create 1099's from the Vendor Center? - Answer-No
What is the purpose of a double sided item? - Answer-To correctly post the income and
expenses when used on the items tab
In the Item List, how many sub-levels can be created be created? - Answer-5
What QuickBooks Edition only allows a percentage Price Level? - Answer-QuickBooks
Pro
You can use Price Levels in sales transaction without assigning them to a customer? -
Answer-Yes
An example of an "Other Name" is a gas station that you always pay by credit or debit
card? - Answer-Yes
, What functions does the Layout Designer allow you to do? - Answer-Add text boxes to
your template
You can have 2 of the exact same template name in the Templates List? - Answer-No
If the Markup Column is not available in the Estimate, what list do you have to modify to
add it? - Answer-Templates
Where do you go to add Progress Invoices as a feature? - Answer-Company
Preferences
Which form creates backorders in QuickBooks? - Answer-Sales Orders
Back Orders are automatically generated if the inventory is not in stock? - Answer-No
Using multiple Accounts Receivable accounts is recommended to make keeping track
of different types of income easier? - Answer-No
Which sales transaction does not require the use of a customer name? - Answer-Sales
Receipt
What feature in QuickBooks allows you to create multiple invoices for group of
customers for the exact same items? - Answer-Batch Invoices
Batch Invoicing is located under what menu options? - Answer-Customer
You can choose more than one group at a time to process batch invoices for? - Answer-
No
Assuming you file sales and use tax, voiding an invoice in a prior period won't affect
your sales tax for your current month? - Answer-False
Customer Deposits is usually set up as what type of account? - Answer-Other Current
Liability
What type of items are set up to handle bounced checks? - Answer-Other Charge
Vehicle mileage is found under which menu option? - Answer-Company
The credit card information in a customer records uses what merchant services? -
Answer-Intuit Merchant Services
When recording a deposit from Undeposited Funds to you bank, you don't change the
accounts the payments came from? - Answer-True
