Lesson 2: QuickBooks Setup, Utilities and General Knowledge

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Rafael Colon
Used 107+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following CANNOT be entered during the setup of a new company?
Company name and address
Trial balance, open balance
Chart of accounts
Checking account statement balance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
After QuickBooks sets up a chart of accounts during the Express Start or Advanced Setup, which of the following is TRUE?
Accounts open balances can be changed.
New accounts can only be added during the Express Start or Advanced Setup.
It is possible to add more accounts later.
Only Income and Expense accounts can be added after completing the Express Start Setup.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Once you have completed the sign up of new company file, how do you change company information such as business name, address, or phone number?
Select file, open company from the menu.
Select company information from the menu.
Select file Express Start from the menu.
Select edit preferences from the menu.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you create a new company using the detailed setup Easy Step Interview, QuickBooks asks for your start date. What is the best definition of start date in QuickBooks?
The date the company began operating.
The date you chose to start recording the financial records in QuickBooks.
The date you sit down to start the new company file.
The date you were hired to do the bookkeeping for the business.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for setting a closing date in QuickBooks?
To transfer current year net income to retained earnings.
To delete prior year transactions.
To restrict users from deleting, editing or adding transactions to last year.
To reduce company file size
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You finished entering all the transactions for last year, and just sent the file to the tax preparer. How do you ensure that no one accidently deletes or edits a transaction last year?
In the company information window select the first month in the fiscal year.
Complete the closed the book wizard.
Click the close financial year icon on the home page and enter the end of your fiscal year.
Set the closing date and password in the accounting preferences in the company menu.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Product Information window shows you the version and release of QuickBooks you have along with other information about the company file. How do you access the Product Information window?
Click the Help menu, About QuickBooks
File menu, version information.
Only technical support can access this window.
Press the F2 key.
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