Course (Part 1) Questions And Correct
Answers (Verified Answers) | Graded A+ | New
Update 2025-2026
Condensing data deletes all older transactions. - ANSWER False
Which path does a user take to customize a company accounts color scheme? -
ANSWER Edit menu > Preferences >Desktop View
Users can use the EasyStep Interview or the _____ menu to enter company
information. - ANSWER Company
Users can create a new income or _____ account by first selecting the Lists menu.
- ANSWER expense
Customers and vendors are found in the Lists menu. - ANSWER False
When entering a new inventory item, a user can set up a new income account at
the same time. - ANSWER True
The _____ area can be customized using the Customization icon. - ANSWER
Insights
, The menus appear at the top of the windows in QuickBooks 2020. - ANSWER
True
In the QuickBooks setup process, employee information can be entered into the
account. - ANSWER True
In the EasyStep Interview process, choose the Yes option for tracking _____, if the
business sells products. - ANSWER inventory
How does a user access the Customize Shortcuts feature in the Icon Bar? -
ANSWER Select and hold (or right-click) the blank area where the shortcuts
are located
When setting up a QuickBooks account, a(n) _____ date is needed. - ANSWER
start
What does the Icon Bar contain? Choose three answers. - ANSWER A search
bar
My Shortcuts
Open Windows
Which information should a user gather before setting up a QuickBooks company
file? Choose four answers. - ANSWER Fixed assets
Company name
Accounts payable
Inventory