Site MapHelpFeedbackCHAPTER 8: MULTIPLE CHOICE QUESTIONS
CHAPTER 8: MULTIPLE CHOICE QUESTIONS
(See related pages)



1

In the Your Company Income Tax Form window, which tax form would you select for a sole proprietorship?
A)Form 1040
B)Form 1120S
C)Form 1065
D)Form 1120
2

To create a new company data file in QuickBooks, use the:
A)Company Menu
B)EasyStep Interview
C)New Setup File
D)File Save As
3

When creating a new company, you would enter a beginning balance for all of the following except:
A)Balance sheet accounts
B)Vendors to whom you owe money
C)Customers who owe you money
D)Income Statement accounts
4

When setting up a new company in QuickBooks, you cannot change the________ later.
A)Vendor List
B)Customer List
C)account numbers in the chart of accounts
D)type of business
5

Classes in QuickBooks are used to track income and expenses for different:
A)Types of Employees
B)Departments or locations
C)Cash inflows and outflows
D)Types of vendors
6

All of the following are fields within the New Account window except the:
A)Account type
B)Account number
C)Tax line
D)Item name/number
7

Which types of accounts are assigned a Tax Line in QuickBooks?
A)Assets and Liabilities
B)Owner equity accounts
C)All accounts are assigned a tax line
D)Income and Expense accounts
8

Accumulated Depreciation-Computer would be defined in QuickBooks as a ______ and a sub-account of ________?
A)Fixed Asset; Accumulated Depreciation
B)Owner's Equity: Computer Cost
C)Fixed Asset; Computers
D)Expense; Depreciation Computer
9

The Vendor List contains information about:
A)The credit rating of the vendors
B)Vendors from whom the company buys products and services
C)Customer addresses, contacts and phone numbers
D)The quantity of non-inventory parts on hand
10

The Item List contains information about all of the following except:
A)Inventory items
B)Service items
C)Payroll items
D)Non-inventory items





To learn more about the book this website supports, please visit its Information Center.
(c)2005 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Policy.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


Ulmer 7/eOnline Learning Center

Home > Chapter 8 > Chapter Quizzes