ACCS Review Exam with Accurate
Answers
QuickBooks provides
Select one:
a.pre-formatted letters that may be used in certain business circumstances and that may be
customized based on a company's need.
Correct
b.pre-formatted letters that are found in the Reports menu and customized based on a
company's need.
c.formatted letters that are available without customization for all business circumstances.
d.a link to Microsoft Word. - ✔✔A
Once activated, Time Tracking
Select one:
a.must be used to create invoices.
b.requires that the Weekly Timesheet be used to record employee payroll.
c.provides access to the Weekly Timesheet window.
Correct
d.allows Job files to be created. - ✔✔C
Which statement is true?
Select one:
a.A customer with a balance or a customer who has been part of a transaction for the current
accounting period can be deleted or marked inactive.
b.The Item List window indicates only whether an item is a service item or inventory sold. You
enter a description, rate per unit, and default general ledger posting account in the Create
Invoices window.
, c.A file for each customer does not need to be established in the Customer Center before
entering transactions for customers.
d.In the Customer Center, you can list all customers and jobs, only active customers, or only
customers with current balances due. - ✔✔D
Bank statements detail the activity in the account for the month but do not show
Select one:
a.earned interest and service charges.
b.the balance on the company's records.
c.checks that have cleared (were paid by) the bank.
d.deposits (or other additions) to the account - ✔✔B
Vendor Reports in QuickBooks
Select one:
a.include the Unpaid Bills Detail report, the Vendor Balance Detail report, and the Vendor
Contact List report.
Correct
b.reflect the information and activities recorded in all Activities windows.
c.include only the Vendor Balance Detail and Vendor Contact List reports.
d.are not customizable. - ✔✔A
The menu title is in _____ when it is active and can be chosen.
Select one:
a.red font
b.blue font
c.italics
d.dark print
Answers
QuickBooks provides
Select one:
a.pre-formatted letters that may be used in certain business circumstances and that may be
customized based on a company's need.
Correct
b.pre-formatted letters that are found in the Reports menu and customized based on a
company's need.
c.formatted letters that are available without customization for all business circumstances.
d.a link to Microsoft Word. - ✔✔A
Once activated, Time Tracking
Select one:
a.must be used to create invoices.
b.requires that the Weekly Timesheet be used to record employee payroll.
c.provides access to the Weekly Timesheet window.
Correct
d.allows Job files to be created. - ✔✔C
Which statement is true?
Select one:
a.A customer with a balance or a customer who has been part of a transaction for the current
accounting period can be deleted or marked inactive.
b.The Item List window indicates only whether an item is a service item or inventory sold. You
enter a description, rate per unit, and default general ledger posting account in the Create
Invoices window.
, c.A file for each customer does not need to be established in the Customer Center before
entering transactions for customers.
d.In the Customer Center, you can list all customers and jobs, only active customers, or only
customers with current balances due. - ✔✔D
Bank statements detail the activity in the account for the month but do not show
Select one:
a.earned interest and service charges.
b.the balance on the company's records.
c.checks that have cleared (were paid by) the bank.
d.deposits (or other additions) to the account - ✔✔B
Vendor Reports in QuickBooks
Select one:
a.include the Unpaid Bills Detail report, the Vendor Balance Detail report, and the Vendor
Contact List report.
Correct
b.reflect the information and activities recorded in all Activities windows.
c.include only the Vendor Balance Detail and Vendor Contact List reports.
d.are not customizable. - ✔✔A
The menu title is in _____ when it is active and can be chosen.
Select one:
a.red font
b.blue font
c.italics
d.dark print
