Quick Books Pro 2008, Finance And Accounting

Question: The opening balances of which of the following accounts can be recorded while setting up the chart of accounts?
A
Bank

B
Accounts receivable

C
Accounts payable

D
All of these

Note: Answer not sure
1. Report
Question: Which of the following is NOT the parts of tracking a NSF check in QuickBooks?
A
Finding the deposit that includes the original check, changing the account to accounts receivable, and applying the credit in Receive Payments.

B
Entering the bank service charge in the account register as of the date it was assessed.

C
Entering a statement charge in the customers register for the fee you charge for bad checks.

Note: Answer not sure
1. Report
Question: In which of the following formats does QuickBooks support data import?
A
Intuit Interchange Format (IIF)

B
Microsoft Excel (.xls)

C
Comma-separated value (.csv)

D
All of these

Note: Answer not sure
1. Report
Question: The option for downloading updates from within QuickBooks is _____.
A
Share downloads

B
Update immediately

C
Update automatically

D
All of the

Note: Answer not sure
1. Report
Question: Which of the following functions does the QuickBooks items perform?
A
Calculating amounts on sales forms

B
Allowing you to create a customized chart of accounts

C
Linking sales and purchase transactions to the chart of accounts

D
Allocating paychecks to customers' jobs

Note: Answer not sure
1. Report
Question: You hire someone as a 1099 contractor. Which module would you enter the person to track what is paid to him/her?
A
Vendors

B
Employees

C
Customers

D
Company

Note: Answer not sure
1. Report
Question: What must happen to make the Budgets & Forecasts category of reports most useful?
A
The month has to be closed

B
The company needs a year of sales history

C
A budget and/or forecast has/have to be established

D
Bank reconciliations must be complete

Note: Answer not sure
1. Report
Question: Which of the following activities does QuickBooks support?
A
Track billable versus non-billable time

B
Track payroll costs by job, class, or type of work

C
Accumulate sick and vacation pay in hours

D
All of these

Note: Answer not sure
1. Report
Question: What does using the Item tab on checks and bills allow you to do?
A
Track costs for products and services as well as Customer Job profitability

B
Track revenue for products and services as well as Customer Job profitability

C
Ensure that the line "no item" appears on job profitability reports

D
None of these

Note: Answer not sure
1. Report
Question: Which of the following editions allows toggling among different editions of QuickBooks without having all the editions installed?
A
Retail Edition

B
Contractor Edition

C
Professional Services Edition

D
Accountant Edition

Note: Answer not sure
1. Report

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Question: The opening balances of which of the following accounts can be recorded while setting up the chart of accounts?

Question: Which of the following is NOT the parts of tracking a NSF check in QuickBooks?

Question: In which of the following formats does QuickBooks support data import?

Question: The option for downloading updates from within QuickBooks is _____.

Question: Which of the following functions does the QuickBooks items perform?

Question: You hire someone as a 1099 contractor. Which module would you enter the person to track what is paid to him/her?

Question: What must happen to make the Budgets & Forecasts category of reports most useful?

Question: Which of the following activities does QuickBooks support?

Question: What does using the Item tab on checks and bills allow you to do?

Question: Which of the following editions allows toggling among different editions of QuickBooks without having all the editions installed?