Site MapHelpFeedbackMultiple Choice Quiz
Multiple Choice Quiz
(See related pages)



1

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)File Restore
C)New Setup File
D)EasyStep Interview
3

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

When setting up a new company in QuickBooks, you can change the________ later.
A)Vendor List
B)Customer List
C)Chart of Accounts
D)All of the above
5

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
6

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
7

Which types of accounts appear on the balance sheet?
A)Assets, Liabilities, and Owner's Equity accounts
B)Income and Expense accounts
C)All accounts
D)Cash Flow 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)Customer items
B)Service items
C)Inventory items
D)Non-inventory items





To learn more about the book this website supports, please visit its Information Center.
(c)2007 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.


Ulmer8eOnline Learning Center

Home > Chapter 8 > Multiple Choice Quiz