Intuit QuickBooks Certified User
Desktop Certification - Interactive
Practice Exam
During the company setup process, which of the following are NOT steps
when creating a new company file?
1. Importing lists of customers and vendors.
2. Choosing your company's beginning Chart of Accounts.
3. Entering the company's address and other contact information.
4.Selecting the Multi-User mode option so that multiple people can log
into a file at the same time. correct answers4. Selecting the Multi-User
mode option so that multiple people can log into a file at the same time.
Multi-User mode is something that you turn on later after your company file
is created. You can also change any of the other information QuickBooks
enters during company file creation, such as your Chart of Accounts and
account balances.
You've completed the setup of a QuickBooks company file. But during the
company setup, you spelled the company's name wrong. How do you fix
it now?
5.Select File > Easy Step Interview from the menu. Enter the phone
number in the appropriate field.
6. Select File > Open Company from the menu and click the icon.
Select Edit > Preferences from the menu and click General Preferences.
3. Change the address in this window.
4.Select Company > My Company from the menu and click the icon.
correct answers4. Select Company > My Company from the menu and click
the icon.
This is also important to remember if your company ever moves and needs
to change business name, address or phone number.
The two methods for creating a new company file are called...?
5. Express Start and Detailed Start
6. New Express Setup and Detailed File Setup
7. Fast Start and Detailed Setup
8.None of the above. There is only one method for creating a new
company file. correct answers1. Express Start and Detailed Start
,Express Start gets you up and running fast, but Detailed Start lets you
enter extra information, such as your company's "Start Date," which is the
date you chose to start recording your company's financial records into
QuickBooks.
Which of the following features allows you to keep all of your lists and
preferences, but start from scratch with everything else in a company file?
1. Condense Data
2. New Company File from an Existing Company File
3. Accountant's Copy
4. Portable Company File correct answers1. Condense Data
When you restore a backup company file, what happens?
5. QuickBooks lets you start entering new transactions in the backup
company file.
6.QuickBooks creates a new working QuickBooks company file with all of
the data that was in the backup company file.
7. QuickBooks deletes your old company file automatically.
8.QuickBooks is reinstalled on your computer. correct answers2.
QuickBooks creates a new working QuickBooks company file with all of the
data that was in the backup company file.
Backup companies are useful for a variety of reasons, such as replacing a
company file if a hard drive is damaged or even reviewing a company's data
from an earlier period.
To be as safe as possible, where should you NOT save a backup company
file?
9. A USB thumb drive.
10.QuickBooks' built-in online hosting service.
11.Your computer's hard drive.
12.None of the above are any safer or less safe than the other. correct
answers3. Your computer's hard drive.
How do you change where your icon bar appears?
13.Click Edit > Preferences > General > Company Settings and check
the box for Top, Left or Hide Icon Bar.
14.Click and drag the icon bar to where you want it to appear.
15.Click the View menu and select Top, Left or Hide Icon Bar.
16.Right-click the icon bar and click Top, Left or Hide Icon Bar. correct
answers3. Click the View menu and select Top, Left or Hide Icon Bar.
Between this option, and your options in preferences, you can dramatically
change the appearance of QuickBooks.
Which of the following is NOT a good reason to record a Journal Entry?
, 1. Correcting errors in the balances of accounts.
2. Recording a sale to a customer.
3. Recording the depreciation of an asset.
4.Adjusting account balances at the end of a year. correct answers2.
Recording a sale to a customer.
Journal Entries should normally be used to enter depreciation, make
year-end adjustments, or to correct errors. This is because Journal
Entries require a good understanding of debits and credits so they are
usually reserved for accountants.
When entering a Journal Entry...
5. ...the debits must equal the credits.
6. ...you can use multiple accounts receivable and accounts payable
accounts.
7. ...QuickBooks always requires you to enter a customer or vendor's
name.
8....you also have to record another transaction to offset the Journal
Entry. correct answers1. ...the debits must equal the credits!
Because debits and credits can affect accounts in unexpected ways, it's
important to have a firm understanding of debits and credits before you
record a Journal Entry, or you can let your accountant record them for you.
Which of the following methods allow you to reorder some lists?
9.Clicking the diamond on the left-hand side and dragging the list entry
to where you want it to appear.
10.Right-clicking the list entry and dragging it to where you want it to
appear.
11.Right-clicking the list and choosing Sort and then the sorting option you
want to use.
12.Clicking Activities > Re-sort List. correct answers1. Clicking the
diamond on the left- hand side and dragging the list entry to where you
want it to appear.
You can perform this same action on the Vendors List, Customers List,
Chart of Accounts and many other lists.
Which of the following situations would keep you from being able to delete
something from a list?
13.The list entry has a balance.
14.The customer or vendor verified their address on a transaction you
sent to them.
15.The list entry appears on multiple lists.
16.You created the list entry in a previous year. correct answers1. The
list entry has a balance.
Desktop Certification - Interactive
Practice Exam
During the company setup process, which of the following are NOT steps
when creating a new company file?
1. Importing lists of customers and vendors.
2. Choosing your company's beginning Chart of Accounts.
3. Entering the company's address and other contact information.
4.Selecting the Multi-User mode option so that multiple people can log
into a file at the same time. correct answers4. Selecting the Multi-User
mode option so that multiple people can log into a file at the same time.
Multi-User mode is something that you turn on later after your company file
is created. You can also change any of the other information QuickBooks
enters during company file creation, such as your Chart of Accounts and
account balances.
You've completed the setup of a QuickBooks company file. But during the
company setup, you spelled the company's name wrong. How do you fix
it now?
5.Select File > Easy Step Interview from the menu. Enter the phone
number in the appropriate field.
6. Select File > Open Company from the menu and click the icon.
Select Edit > Preferences from the menu and click General Preferences.
3. Change the address in this window.
4.Select Company > My Company from the menu and click the icon.
correct answers4. Select Company > My Company from the menu and click
the icon.
This is also important to remember if your company ever moves and needs
to change business name, address or phone number.
The two methods for creating a new company file are called...?
5. Express Start and Detailed Start
6. New Express Setup and Detailed File Setup
7. Fast Start and Detailed Setup
8.None of the above. There is only one method for creating a new
company file. correct answers1. Express Start and Detailed Start
,Express Start gets you up and running fast, but Detailed Start lets you
enter extra information, such as your company's "Start Date," which is the
date you chose to start recording your company's financial records into
QuickBooks.
Which of the following features allows you to keep all of your lists and
preferences, but start from scratch with everything else in a company file?
1. Condense Data
2. New Company File from an Existing Company File
3. Accountant's Copy
4. Portable Company File correct answers1. Condense Data
When you restore a backup company file, what happens?
5. QuickBooks lets you start entering new transactions in the backup
company file.
6.QuickBooks creates a new working QuickBooks company file with all of
the data that was in the backup company file.
7. QuickBooks deletes your old company file automatically.
8.QuickBooks is reinstalled on your computer. correct answers2.
QuickBooks creates a new working QuickBooks company file with all of the
data that was in the backup company file.
Backup companies are useful for a variety of reasons, such as replacing a
company file if a hard drive is damaged or even reviewing a company's data
from an earlier period.
To be as safe as possible, where should you NOT save a backup company
file?
9. A USB thumb drive.
10.QuickBooks' built-in online hosting service.
11.Your computer's hard drive.
12.None of the above are any safer or less safe than the other. correct
answers3. Your computer's hard drive.
How do you change where your icon bar appears?
13.Click Edit > Preferences > General > Company Settings and check
the box for Top, Left or Hide Icon Bar.
14.Click and drag the icon bar to where you want it to appear.
15.Click the View menu and select Top, Left or Hide Icon Bar.
16.Right-click the icon bar and click Top, Left or Hide Icon Bar. correct
answers3. Click the View menu and select Top, Left or Hide Icon Bar.
Between this option, and your options in preferences, you can dramatically
change the appearance of QuickBooks.
Which of the following is NOT a good reason to record a Journal Entry?
, 1. Correcting errors in the balances of accounts.
2. Recording a sale to a customer.
3. Recording the depreciation of an asset.
4.Adjusting account balances at the end of a year. correct answers2.
Recording a sale to a customer.
Journal Entries should normally be used to enter depreciation, make
year-end adjustments, or to correct errors. This is because Journal
Entries require a good understanding of debits and credits so they are
usually reserved for accountants.
When entering a Journal Entry...
5. ...the debits must equal the credits.
6. ...you can use multiple accounts receivable and accounts payable
accounts.
7. ...QuickBooks always requires you to enter a customer or vendor's
name.
8....you also have to record another transaction to offset the Journal
Entry. correct answers1. ...the debits must equal the credits!
Because debits and credits can affect accounts in unexpected ways, it's
important to have a firm understanding of debits and credits before you
record a Journal Entry, or you can let your accountant record them for you.
Which of the following methods allow you to reorder some lists?
9.Clicking the diamond on the left-hand side and dragging the list entry
to where you want it to appear.
10.Right-clicking the list entry and dragging it to where you want it to
appear.
11.Right-clicking the list and choosing Sort and then the sorting option you
want to use.
12.Clicking Activities > Re-sort List. correct answers1. Clicking the
diamond on the left- hand side and dragging the list entry to where you
want it to appear.
You can perform this same action on the Vendors List, Customers List,
Chart of Accounts and many other lists.
Which of the following situations would keep you from being able to delete
something from a list?
13.The list entry has a balance.
14.The customer or vendor verified their address on a transaction you
sent to them.
15.The list entry appears on multiple lists.
16.You created the list entry in a previous year. correct answers1. The
list entry has a balance.
