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1 | |
Only the ________________ can add users with passwords and limit user access to selected areas. |
| | A) | QuickBooks Administrator |
| | B) | Owner or Owners |
| | C) | Employees or Users |
| | D) | Customers |
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2 | |
The chart of accounts is a |
| | A) | List of checks and check numbers |
| | B) | List of all vendors and their balances |
| | C) | List of accounts and account numbers |
| | D) | List of Customers and customer numbers |
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3 | |
Income accounts in a company are used to track: |
| | A) | Costs of items sold to customers |
| | B) | Sales to customers and other revenue earned |
| | C) | Purchases from vendors |
| | D) | Costs that have expired or been consumed |
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4 | |
What are assets? |
| | A) | Resources that a company owns with future benefit |
| | B) | Amounts owed to others and are future obligations |
| | C) | Net worth of a company |
| | D) | Amounts paid to owners |
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5 | |
The Chart of Accounts icon is located within which section of the Home Page? |
| | A) | Vendor |
| | B) | Customer |
| | C) | Banking |
| | D) | Company |
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6 | |
Each of the following is a permanent account, except |
| | A) | Owner withdrawals |
| | B) | Owner's equity |
| | C) | Accounts Payable |
| | D) | Accounts Receivable |
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7 | |
One way to display the account numbers in the chart of accounts is to select the following from the Menu Bar: |
| | A) | Company, Chart of Accounts, Numbers |
| | B) | Vendors, Preferences, and Accounting |
| | C) | Banking, Preferences, and Numbers |
| | D) | Edit, Preferences, Customize, and Accounting |
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8 | |
Which one of the following choices is not used to modify the chart of accounts? |
| | A) | Adding new accounts |
| | B) | Deleting unused accounts |
| | C) | Deleting accounts with balances |
| | D) | Editing accounts |
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9 | |
Accounts can be categorized into the following groups except into: |
| | A) | Navigator accounts |
| | B) | Non-Posting accounts |
| | C) | Profit & Loss accounts |
| | D) | Balance Sheet accounts |
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10 | |
To print the statement of cash flows you would select: |
| | A) | Business Services Center, and then Company & Financial |
| | B) | Report Center, and then Company & Financial |
| | C) | Banking Center, and then Financial & Budget |
| | D) | Company Center, and then Customers & Receivables |
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