STUDY GUIDE FOR QUICKBOOKS
CERTIFICATION EXAM QUESTIONS AND
ANSWERS
why might you need to restore a company file?
a. the company file on your hard drive is damaged or corrupted.
b. the computers 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-all of the above
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? - Answer-set the closing date and password int he accounting preferences in the
company menu.
which of the following is true regarding general journal entries? - Answer-general journal
entries require a good understanding of debits and credits and should not be used by
non-accountants.
which is a reason to not enter a general journal entry. - Answer-to enter transactions in
another way instead of using built in forms.
which of the following cannot be entered during the setup of a new company? - Answer-
trial balance, open balance
after quickbooks sets up a chart of accounts during the express start or advanced
setup, which of the following is true ? - Answer-it is possible to add more accounts later.
once you have completed the sign up of a new company file, how do you change
company information such as business name, address, or phone number? - Answer-
select company information from the menu.
when you create a new company using the detailed setup easy step interview,
quickbooks asks for your start date. what is the best definition of start date in
quickbooks? - Answer-the date you chose to start recording the financial records in
quickbooks.
what is the primary reason for setting a closing date in quickbooks. - Answer-torestrict
users from deleting, editing or adding transactions to last year.
the product information window shows you the version and release of quickbooks you
have along with other information about the company file. how do you access the
product information window? - Answer-press the F2 key.
CERTIFICATION EXAM QUESTIONS AND
ANSWERS
why might you need to restore a company file?
a. the company file on your hard drive is damaged or corrupted.
b. the computers 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-all of the above
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? - Answer-set the closing date and password int he accounting preferences in the
company menu.
which of the following is true regarding general journal entries? - Answer-general journal
entries require a good understanding of debits and credits and should not be used by
non-accountants.
which is a reason to not enter a general journal entry. - Answer-to enter transactions in
another way instead of using built in forms.
which of the following cannot be entered during the setup of a new company? - Answer-
trial balance, open balance
after quickbooks sets up a chart of accounts during the express start or advanced
setup, which of the following is true ? - Answer-it is possible to add more accounts later.
once you have completed the sign up of a new company file, how do you change
company information such as business name, address, or phone number? - Answer-
select company information from the menu.
when you create a new company using the detailed setup easy step interview,
quickbooks asks for your start date. what is the best definition of start date in
quickbooks? - Answer-the date you chose to start recording the financial records in
quickbooks.
what is the primary reason for setting a closing date in quickbooks. - Answer-torestrict
users from deleting, editing or adding transactions to last year.
the product information window shows you the version and release of quickbooks you
have along with other information about the company file. how do you access the
product information window? - Answer-press the F2 key.
