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Multiple Choice Quiz
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1

Deposits can be recorded using the Deposits icon or directly in the ________.
A)Check register
B)General Ledger
C)Bank Reconciliation
D)Chart of Accounts
2

Cash purchases are recorded using the _________ window.
A)Write Checks
B)Receive Items
C)Pay Bills
D)Chart of Accounts
3

To use the memorized transaction at a later time select:
A)Lists/Memorized Transactions
B)Items/Memorized Transactions
C)Check Register/Memorized Transactions
D)Enter Deposits/Memorized Transactions
4

Memorized transactions are used to record:
A)The purchase of a building
B)Monthly rent or utility payments
C)Only cash payments
D)Non-recurring transactions
5

After using the Pay bills window to select bills for payment, the next step is to:
A)Create invoices to bill customers
B)Record bank deposits
C)Create purchase orders
D)Print checks
6

When bills are paid, QuickBooks reduces the ________ balance.
A)Accounts Payable
B)Undeposited Funds
C)Accounts Receivable
D)Sales
7

In the Create Invoices window, the _______ button is used to select billable costs to a particular customer.
A)Time/Costs
B)Item/Expense
C)Discount Info
D)Select All
8

Which of the following is not one of the three steps used when recording a credit sale in QuickBooks?
A)Prepare customer invoice
B)Record bank deposit
C)Prepare a sales receipt
D)Receive customer payment
9

All of the following are examples of adjusting entries made at the end of an accounting period except:
A)Recording depreciation expense for a computer for the year
B)Recording the amounts of unused supplies on hand at year-end.
C)Recording depreciation expense for equipment for the year
D)Recording a cash sale
10

Fixed assets may be added to the Fixed Assets List using the Enter Bills Window or:
A)In the Chart of Accounts
B)By using Item List, click Item, New
C)By using Lists, Fixed Asset Item List, Click Item, New
D)By making a general journal entry





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