Copyright 2019 McGraw-Hill Education. All rights reserved.

1 Copyright © 2019 McGraw-Hill Education. All rights reserved.No reproduction or distribution without the prior written consent of McGraw-Hill Education.Computer Accounting with QuickBooks 2018 (Kay)

Chapter 1 QuickBooks Quick Tour: Navigation and Settings

1) In the Company section of the Home Page, you can:

• Pay bills
• Record deposits
• View the Chart of Accounts
• Enter invoices

Answer: C

Difficulty: 2 Medium

Learning Objective: 01-06 QuickBooks Home Page

Accessibility: Keyboard Navigation

Gradable: automatic

2) In QuickBooks, how do you enter transaction information?

• Onscreen forms and QuickBooks reports
• Onscreen Journal and QuickBooks reports
• Onscreen Journal and onscreen forms
• None of the choices are correct

Answer: C

Difficulty: 2 Medium

Learning Objective: 01-01 Install QuickBooks

Accessibility: Keyboard Navigation

Gradable: automatic

3) All of the following are one of the four main categories of transactions in QuickBooks except?

• Customers and sales
• Vendors and expenses
• Chart of Accounts
• Banking

Answer: C

Difficulty: 2 Medium

Learning Objective: 01-06 QuickBooks Home Page

Accessibility: Keyboard Navigation

Gradable: automatic

Computer Accounting with QuickBooks 2018, 18e Donna Kay (Test Bank All Chapters, 100% Original Verified, A+ Grade) Ch 12 and 14 Are Missing 1 / 4

2 Copyright © 2019 McGraw-Hill Education. All rights reserved.No reproduction or distribution without the prior written consent of McGraw-Hill Education.

4) Ways to navigate QuickBooks include:

• Menus
• Icon Bar
• Home Page
• All of the choices are correct

Answer: D

Difficulty: 1 Easy

Learning Objective: 01-05 QuickBooks Navigation

Accessibility: Keyboard Navigation

Gradable: automatic

5) Which of the following tasks can be completed in the Vendor section of the Home page?

• Create Invoices
• Create Estimates
• Receive Inventory
• Receive Payments

Answer: C

Difficulty: 1 Easy

Learning Objective: 01-05 QuickBooks Navigation

Accessibility: Keyboard Navigation

Gradable: automatic

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

• Customer
• Banking
• Company
• Vendor

Answer: C

Difficulty: 1 Easy

Learning Objective: 01-05 QuickBooks Navigation

Accessibility: Keyboard Navigation

Gradable: automatic

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3 Copyright © 2019 McGraw-Hill Education. All rights reserved.No reproduction or distribution without the prior written consent of McGraw-Hill Education.7) To change a company name in QuickBooks, select the following from the My Shortcuts on

the Navigation (Icon) Bar:

• Company > Preferences
• My Company > Edit
• Home > Edit > Preferences
• None of the choices are correct

Answer: B

Difficulty: 1 Easy

Learning Objective: 01-03 Restore a QuickBooks File

Accessibility: Keyboard Navigation

Gradable: automatic

8) Which of the following file types identifies a QuickBooks Backup file?

A) QBM

B) QBW

C) QBB

D) QBX

Answer: C

Difficulty: 1 Easy

Learning Objective: 01-12 Restore QuickBooks File Options

Accessibility: Keyboard Navigation

Gradable: automatic

9) Which one of the following activities is associated with the Customer section of the Home page?

• Pay sales tax
• Enter bills
• Create invoices
• Record inventory received

Answer: C

Difficulty: 1 Easy

Learning Objective: 01-05 QuickBooks Navigation

Accessibility: Keyboard Navigation

Gradable: automatic

• / 4

4 Copyright © 2019 McGraw-Hill Education. All rights reserved.No reproduction or distribution without the prior written consent of McGraw-Hill Education.

10) The Home page in QuickBooks consists of all the following sections except:

• Employee
• Lists
• Customer
• Vendor

Answer: B

Difficulty: 1 Easy

Learning Objective: 01-05 QuickBooks Navigation

Accessibility: Keyboard Navigation

Gradable: automatic

11) Which of the following tasks is completed from the Banking section of the Home Page?

• Pay employees
• Record deposits
• Enter bills
• Record payments received from customers

Answer: B

Difficulty: 2 Medium

Learning Objective: 01-06 QuickBooks Home Page

Accessibility: Keyboard Navigation

Gradable: automatic

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

• Prepare financial statements for investors
• Prepare tax returns for the IRS
• Prepare reports for management
• Prepare meeting minutes for the board of directors

Answer: D

Difficulty: 2 Medium

Accessibility: Keyboard Navigation

Gradable: automatic

13) Most accounting systems consist of which of the following components:

• Input
• Processing
• Output
• All of the choices are correct

Answer: D

Difficulty: 1 Easy

Learning Objective: 01-14 Accounting Essentials: Accounting Systems

Accessibility: Keyboard Navigation

Gradable: automatic

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