ESTUDYR
2025 G-METRIX ACCOUNTING 1 MOST TESTED QUESTIONS
AND ANSWERS GRADED A+ WITH RATIONALES
1. When setting up a new QuickBooks account, which of the following is true about setting up
the Chart of Accounts?
A. You must finalize all accounts before starting the new company.
B. You cannot add or edit accounts after starting a new company.
C. It is possible to add more accounts after starting a new company.
D. Only the accountant can add accounts after setup.
Answer: C. It is possible to add more accounts after starting a new company.
Rationale: QuickBooks allows flexibility by enabling users to add or edit accounts even after the
initial setup.
2. Where can you enter opening balances when setting up a QuickBooks account?
A. In the Chart of Accounts setup.
B. In the account registers or through a journal entry.
C. Only through the trial balance sheet.
D. Using the customer list setup.
Answer: B. In the account registers or through a journal entry.
Rationale: Opening balances can be entered directly in the account registers or as a journal
entry for precise setup.
3. What is the first step to access the Account and Settings menu?
A. Click on the "Settings" option in the Help menu.
B. Click the black toolbox icon on the home page.
C. Navigate to the Advanced Settings tab.
D. Open the Preferences menu.
Answer: B. Click the black toolbox icon on the home page.
Rationale: The black toolbox icon is the direct route to the Account and Settings menu in
QuickBooks.
,ESTUDYR
4. What does the "Privacy" option on the home page do?
A. Prevents unauthorized users from logging in.
B. Hides values displayed in financial summaries like Profit and Loss.
C. Encrypts the financial data of the company.
D. Disables automatic sync with bank accounts.
Answer: B. Hides values displayed in financial summaries like Profit and Loss.
Rationale: The privacy option masks sensitive financial information visible on the home page.
5. What are the steps to set up a new user in QuickBooks?
A. Navigate to Users > Add New > Enter Name > Save.
B. Click the Company menu > Manage Users > Click "New" > Select user type > Enter email
address.
C. Go to Reports > Add New User > Select Permissions > Save.
D. Open Settings > Add New User > Confirm Role > Approve Access.
Answer: B. Click the Company menu > Manage Users > Click "New" > Select user type > Enter
email address.
Rationale: Adding a new user requires selecting the appropriate permissions and entering their
email address.
6. Which of the following is a false statement about the top menu in QuickBooks?
A. You can customize the top menu layout.
B. You can create your own menu in the Advanced tab of Account and Settings.
C. The top menu includes navigation shortcuts.
D. It provides quick access to frequently used tools.
Answer: B. You can create your own menu in the Advanced tab of Account and Settings.
Rationale: QuickBooks does not allow users to create custom menus in the Advanced tab.
7. Which lists can be imported from Excel into QuickBooks Online?
A. Charts of accounts, customers, products and services, vendors/suppliers.
B. Budgets, payroll data, employee schedules, and tax reports.
, ESTUDYR
C. Transactions, tax forms, financial summaries, and journal entries.
D. Inventory levels, employee details, and budgeted expenses.
Answer: A. Charts of accounts, customers, products and services, vendors/suppliers.
Rationale: QuickBooks Online supports importing key lists for company setup, including the
chart of accounts and customer/vendor details.
8. Which is NOT true about merging entries in lists?
A. You cannot merge an expense account with an income account.
B. Merging entries helps clean up duplicates in lists.
C. You can merge names only if they are of the same type.
D. Merging entries automatically adjusts related transactions.
Answer: A. You cannot merge an expense account with an income account.
Rationale: QuickBooks restricts merging different types of accounts, like income and expense
accounts.
9. How can you remove a customer from the Customer List?
A. Delete the customer directly from the list.
B. Mark the customer as inactive.
C. Move the customer to an archived list.
D. Select "Remove Permanently" from the Customer menu.
Answer: B. Mark the customer as inactive.
Rationale: Inactive customers are hidden from the active list without deleting their historical
data.
10. Why might QuickBooks create a transaction for you automatically?
A. You entered incorrect account details.
B. You deleted a customer, vendor, or account with an open balance.
C. Your subscription level changed.
D. Your financial year-end was reached.
2025 G-METRIX ACCOUNTING 1 MOST TESTED QUESTIONS
AND ANSWERS GRADED A+ WITH RATIONALES
1. When setting up a new QuickBooks account, which of the following is true about setting up
the Chart of Accounts?
A. You must finalize all accounts before starting the new company.
B. You cannot add or edit accounts after starting a new company.
C. It is possible to add more accounts after starting a new company.
D. Only the accountant can add accounts after setup.
Answer: C. It is possible to add more accounts after starting a new company.
Rationale: QuickBooks allows flexibility by enabling users to add or edit accounts even after the
initial setup.
2. Where can you enter opening balances when setting up a QuickBooks account?
A. In the Chart of Accounts setup.
B. In the account registers or through a journal entry.
C. Only through the trial balance sheet.
D. Using the customer list setup.
Answer: B. In the account registers or through a journal entry.
Rationale: Opening balances can be entered directly in the account registers or as a journal
entry for precise setup.
3. What is the first step to access the Account and Settings menu?
A. Click on the "Settings" option in the Help menu.
B. Click the black toolbox icon on the home page.
C. Navigate to the Advanced Settings tab.
D. Open the Preferences menu.
Answer: B. Click the black toolbox icon on the home page.
Rationale: The black toolbox icon is the direct route to the Account and Settings menu in
QuickBooks.
,ESTUDYR
4. What does the "Privacy" option on the home page do?
A. Prevents unauthorized users from logging in.
B. Hides values displayed in financial summaries like Profit and Loss.
C. Encrypts the financial data of the company.
D. Disables automatic sync with bank accounts.
Answer: B. Hides values displayed in financial summaries like Profit and Loss.
Rationale: The privacy option masks sensitive financial information visible on the home page.
5. What are the steps to set up a new user in QuickBooks?
A. Navigate to Users > Add New > Enter Name > Save.
B. Click the Company menu > Manage Users > Click "New" > Select user type > Enter email
address.
C. Go to Reports > Add New User > Select Permissions > Save.
D. Open Settings > Add New User > Confirm Role > Approve Access.
Answer: B. Click the Company menu > Manage Users > Click "New" > Select user type > Enter
email address.
Rationale: Adding a new user requires selecting the appropriate permissions and entering their
email address.
6. Which of the following is a false statement about the top menu in QuickBooks?
A. You can customize the top menu layout.
B. You can create your own menu in the Advanced tab of Account and Settings.
C. The top menu includes navigation shortcuts.
D. It provides quick access to frequently used tools.
Answer: B. You can create your own menu in the Advanced tab of Account and Settings.
Rationale: QuickBooks does not allow users to create custom menus in the Advanced tab.
7. Which lists can be imported from Excel into QuickBooks Online?
A. Charts of accounts, customers, products and services, vendors/suppliers.
B. Budgets, payroll data, employee schedules, and tax reports.
, ESTUDYR
C. Transactions, tax forms, financial summaries, and journal entries.
D. Inventory levels, employee details, and budgeted expenses.
Answer: A. Charts of accounts, customers, products and services, vendors/suppliers.
Rationale: QuickBooks Online supports importing key lists for company setup, including the
chart of accounts and customer/vendor details.
8. Which is NOT true about merging entries in lists?
A. You cannot merge an expense account with an income account.
B. Merging entries helps clean up duplicates in lists.
C. You can merge names only if they are of the same type.
D. Merging entries automatically adjusts related transactions.
Answer: A. You cannot merge an expense account with an income account.
Rationale: QuickBooks restricts merging different types of accounts, like income and expense
accounts.
9. How can you remove a customer from the Customer List?
A. Delete the customer directly from the list.
B. Mark the customer as inactive.
C. Move the customer to an archived list.
D. Select "Remove Permanently" from the Customer menu.
Answer: B. Mark the customer as inactive.
Rationale: Inactive customers are hidden from the active list without deleting their historical
data.
10. Why might QuickBooks create a transaction for you automatically?
A. You entered incorrect account details.
B. You deleted a customer, vendor, or account with an open balance.
C. Your subscription level changed.
D. Your financial year-end was reached.
