Quickbooks certification Test UPDATED
ACTUAL Questions and CORRECT
Answers
Which of the following CAN be memorized in Quick Books? - CORRECT ANSWER✔✔-
Check
Which is NOT shown on the Payroll Summary Report in Quick Books? - CORRECT
ANSWER✔✔- Information necessary to complete your state unemployment tax form
Which of the following is possible reason for a bank reconciliation discrepancy? -
CORRECT ANSWER✔✔- the beginning balance calculated by QuickBooks does not match
last month ending balance.
Which of the following statements is TRUE regarding Deposited Funds? - CORRECT
ANSWER✔✔- It is an account used to record payments before you make a deposit
Which accounts are affected when you enter Time in QuickBooks? - CORRECT
ANSWER✔✔- Accounts receivable.
Which of the following is statements is NOT true regarding entering and paying bills in
QuickBooks? - CORRECT ANSWER✔✔- If you use the enter bills window to record a bill,
do not use the write checks window or check register to pay that same bill.
Which of the following is NOT true regarding merging entries - CORRECT ANSWER✔✔-
QuickBooks allows you to merge an expense account with an income account.
Which of the following statement is NOT true regarding single user and multi-user mode? -
CORRECT ANSWER✔✔- Only the administrator is allowed in the file when it is in single
user mode.
Which of the form templates cannot be customize in QuickBooks - CORRECT
ANSWER✔✔- checks
, which of the following statements is TRUE regarding items? - CORRECT ANSWER✔✔-
When you purchase or sell an item, the value of the purchase or sales flows to the account
and therefore the financial statement you selected when you set up the item.
Which report shows how much you owe for sales tax - CORRECT ANSWER✔✔- Sales tax
liability
Which report is also known as an income statement and summarize income and expenses for
a month. - CORRECT ANSWER✔✔- Profit and loss standard
Which of the following is a reason to create a new company file? - CORRECT
ANSWER✔✔- To start over when a company file has many error that are beyond repair.
Which of the following is TRUE regarding general journal entries? - CORRECT
ANSWER✔✔- General journal entries require a good understanding of debits and credits and
should not be used by non-accountants
Which of the following statement is TRUE regarding how you recorded a debit card
transaction in QuickBooks. - CORRECT ANSWER✔✔- Use the write checks window or
check register and type debit in the check number field.
Which of the following statement is TRUE regarding vendor credit memos? - CORRECT
ANSWER✔✔- Vendor credit memos reduce what you owe the vendor.
Which of the following is a payroll service available in QuickBooks - CORRECT
ANSWER✔✔- assisted Payroll
.Which of the following information CANNOT be set up during the Easy Step interview. -
CORRECT ANSWER✔✔- Trial balance opening balances
Which of the following desktop (not online) edition of QuickBooks supports multi-user? -
CORRECT ANSWER✔✔- Premier and higher
ACTUAL Questions and CORRECT
Answers
Which of the following CAN be memorized in Quick Books? - CORRECT ANSWER✔✔-
Check
Which is NOT shown on the Payroll Summary Report in Quick Books? - CORRECT
ANSWER✔✔- Information necessary to complete your state unemployment tax form
Which of the following is possible reason for a bank reconciliation discrepancy? -
CORRECT ANSWER✔✔- the beginning balance calculated by QuickBooks does not match
last month ending balance.
Which of the following statements is TRUE regarding Deposited Funds? - CORRECT
ANSWER✔✔- It is an account used to record payments before you make a deposit
Which accounts are affected when you enter Time in QuickBooks? - CORRECT
ANSWER✔✔- Accounts receivable.
Which of the following is statements is NOT true regarding entering and paying bills in
QuickBooks? - CORRECT ANSWER✔✔- If you use the enter bills window to record a bill,
do not use the write checks window or check register to pay that same bill.
Which of the following is NOT true regarding merging entries - CORRECT ANSWER✔✔-
QuickBooks allows you to merge an expense account with an income account.
Which of the following statement is NOT true regarding single user and multi-user mode? -
CORRECT ANSWER✔✔- Only the administrator is allowed in the file when it is in single
user mode.
Which of the form templates cannot be customize in QuickBooks - CORRECT
ANSWER✔✔- checks
, which of the following statements is TRUE regarding items? - CORRECT ANSWER✔✔-
When you purchase or sell an item, the value of the purchase or sales flows to the account
and therefore the financial statement you selected when you set up the item.
Which report shows how much you owe for sales tax - CORRECT ANSWER✔✔- Sales tax
liability
Which report is also known as an income statement and summarize income and expenses for
a month. - CORRECT ANSWER✔✔- Profit and loss standard
Which of the following is a reason to create a new company file? - CORRECT
ANSWER✔✔- To start over when a company file has many error that are beyond repair.
Which of the following is TRUE regarding general journal entries? - CORRECT
ANSWER✔✔- General journal entries require a good understanding of debits and credits and
should not be used by non-accountants
Which of the following statement is TRUE regarding how you recorded a debit card
transaction in QuickBooks. - CORRECT ANSWER✔✔- Use the write checks window or
check register and type debit in the check number field.
Which of the following statement is TRUE regarding vendor credit memos? - CORRECT
ANSWER✔✔- Vendor credit memos reduce what you owe the vendor.
Which of the following is a payroll service available in QuickBooks - CORRECT
ANSWER✔✔- assisted Payroll
.Which of the following information CANNOT be set up during the Easy Step interview. -
CORRECT ANSWER✔✔- Trial balance opening balances
Which of the following desktop (not online) edition of QuickBooks supports multi-user? -
CORRECT ANSWER✔✔- Premier and higher
