Chapter 01_Quick Tour of QuickBooks

Chapter 01_Quick Tour of QuickBooks 1 .Wh ich screen provides a summary of important company information?

• Co

mpany Information

• Co

mpany Snapshot

• Home Page
• Co

mpany Center 2 . In QuickBooks, how do you can enter transaction information?A.Onscreen forms and scanned images of transaction forms

• Onscreen

forms and QuickBooks reports

• Onscreen

Journal and scanned images of transaction forms

• Onscreen

Journal and Onscreen Forms 3 . All of the following are one of the four main categories of transactions in QuickBooks except?

• Ch

art of Accounts

• Cu

stomers

• Vendors
• Emp

loyees 4 . Which of the following tasks is completed from the Banking section of the Home page?

• En

ter credit card charges

• Pay

employees

• Reco

rd bills paid

• Record paymen

ts received from customers.5 . Which of the following tasks can be completed in the Vendor section of the Home page?

• Create In

voices

• Create Estimates
• Receive

Inventory

• Receive Paymen

ts 6 . The Chart of Accounts can be accessed from which section of the Home page?

• Cu

stomer

• Bankin

g

• Vendor
• Co

mpany 7

. To change company information, such as the company name, you would use:

• Co

mpany section of the Home page

• Co

mpany Center

• Co

mpany Menu

• Co

mpany List 8 . Which of the following file types identifies a QuickBooks Portable file?

• .

QBM

• .

QBB

• .

QBX D..

QBW Computer Accounting with QuickBooks 2013 15e Donna Kay (Test Bank All Chapters, 100% Original Verified, A+ Grade) Answers At The End Of Each Chapter 1 / 4

9.Which one of the following activities is associated with the Customer section of the Home page?   A.  Pay sales tax
 B.  Enter bills
 C. Record refunds and credits D. Record inventory received   10.The Home page in QuickBooks consists of all the following sections except:   A. Employee B. Lists C.  Customer
 D. Vendor   11.The objective of an accounting information system, like QuickBooks, is to:   A. Save company resources, like time and paper B. Use the computer for keeping accounting records C. Collect, summarize, and analyze data D. None of these  

12.Accounting information is used to do all of the following except:  

A. Prepare financial statements for investors B. Prepare tax returns for the IRS C. Prepare reports for management D. Prepare meeting minutes for the board of directors  

13.Your QuickBooks data can be stored in all the following ways except:  

A. Online B. Backup C. Portable File D. All of these to store QuickBooks data  

14.A business transaction is an exchange between:  

A. Vendor B. Employee C. Customer D. All of these   15.Double-entry account records what is exchanged in a transaction (debits and credits). Which of the following is recorded when a company purchases (receives) a computer and pays (gives) cash?   A. The computer is recorded as a credit and the cash is recorded as a credit B. The computer is recorded as a debit and the cash is recorded as a debit C. The computer is recorded as a credit and the cash is recorded as a debit D. The computer is recorded as a debit and the cash is recorded as a credit   16.The onscreen form for ordering items from a vendor looks like the paper version of a:   A. Purchase Order B. Invoice C. Check D. None of these   17.Which type of QuickBooks data file allows you to enter data and transactions?  

A. .QBM

B. .QBB

C. .QBX

D. 

.QBW


  2 / 4

18.The QuickBooks file extension .QBM indicates the file is a:  

A. QuickBooks working file B. QuickBooks movable file C. QuickBooks Accountant's transfer file D. QuickBooks Accountant's working file  

19.The QuickBooks file extension .QBA indicates the file is a:  

A. QuickBooks working file B. QuickBooks movable file C. QuickBooks Accountant's transfer file D. QuickBooks Accountant's working file   20.Which QuickBooks window allows you to add your name to the checking account?   A. Chart of Accounts B. Company Information C. Company Center D. Check Register   21.The Banking section of the Home Page includes which flow chart?   A. Payroll flowchart B. Bank Reconciliation flowchart C. Bill Pay flow chart D. None of these.  22.Which financial statement below summarizes the financial position of a company?   A. Statement of Cash Flows B. Profit & Loss Statement C. Balance Sheet D. Income Statement   23.Which financial statement below summarizes a company's earnings?   A. Statement of Cash Flows B. Profit & Loss Statement C. Balance Sheet D. Income Statement   24.Which financial statement below summarizes a company's cash inflow and outflow?   A. Statement of Cash Flows B. Profit & Loss Statement C. Balance Sheet D. Income Statement  

25.Management reports help identify:  

A. Overdue customer accounts B. Least profitable product C. Most profitable product D. All of these.  26.Which icon is used to add your own documents to QuickBooks?   A. Docs icon B. Customer icon C. Vendor icon D. All of these. 

27.The Apps Center:  

A. Is only available in certain states B. Used only in service companies C. Used only in retail companies D. Organizes apps that will work with your QuickBooks software and data.

  3 / 4

28.List the 3 (three) different type of QuickBooks files. What is the purpose of each file type?           29.Name 2 (two) of the 5 centers on the QuickBooks home screen and briefly describe what kind of activity

flows through those centers:  

• / 4