Quickbook Questions And Answers

b. Choose Lists > Templates. Select the form you want to duplicate. Then click the Templates button and select Duplicate. Then select the type of template you want to create with the same look, in this case, estimate.

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91⟩ Which of these functions can only be performed by the Administrator? a. Merge entries on lists b. Add new users and change their access privileges c. Memorize custom reports d. Back up the data file

b. Add new users and change their access privileges

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92⟩ You notice that multiple accounts should actually be subaccounts. How can you quickly make these accounts subaccounts of another account? a. Click on the diamond to the left of the account, drag it below the appropriate parent account, and release the mouse button. Then click on the diamond again, drag it to the right, and release the mouse button. b. Click on an account to select it. Then click the Lists menu and select Chart of Accounts > Make subaccount. c. You must click Subaccount of when you set up the new account. If you fail to mark the account as a subaccount during setup, you cannot make it a subaccount at a later time. d. To make a subaccount, right-click on the account and choose Make subaccount.

a. Click on the diamond to the left of the account, drag it below the appropriate parent account, and release the mouse button. Then click on the diamond again, drag it to the right, and release the mouse button.

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93⟩ How do you edit a collections letter? a. You can't edit the default collection letters. You must create your own template from scratch. b. You must click Subaccount of when you set up the new account. If you fail to mark the account as a subaccount during setup, you cannot make it a subaccount at a later time. c. Choose Company > Prepare Letters with Envelopes > Customize Letter Templates. d. When QuickBooks opens the letter in Word, click the Edit Template button at the top of the QuickBooks letter.

c. Choose Company > Prepare Letters with Envelopes > Customize Letter Templates.

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94⟩ What are the 2 main Financial Statements you can run from the "Company and Financial" category of reports? a. Balance Sheet, Profit and Loss b. Balance Sheet, Statement of Operations c. Profit and Loss, Statement of Operations d. Statement of Operations, Statement of Financial Position

a. Balance Sheet, Profit and Loss

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95⟩ When you run Financial Statements in QuickBooks, what bookkeeping basis can you use to view the report? a. Cash Basis b. Accrual Basis c. You can switch the bookkeeping basis if you want d. All of the above

d. All of the above.

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96⟩ You successfully reconciled the checking account last month. This month, when you begin to reconcile the same account, you notice that the beginning balance calculated by QuickBooks is different from the beginning balance according to the bank. How can this happen? a. It can't happen. b. Someone changed the beginning balance amount c. Someone changed or deleted a cleared transaction. d. The bank transposed some numbers on a check or deposit.

c. Someone changed or deleted a cleared transaction.

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97⟩ What are the main sections of the Profit & Loss? a. Income, Expenses, and Liabilities b. Income, Cost of Goods Sold, and Expenses c. Income, Assets, and Owner's Equity d. Assets, Liabilities, and Equity

b. Income, Cost of Goods Sold, and Expenses

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98⟩ When reconciling your bank account in QuickBooks, what must the beginning balance match? a. The beginning balance should always equal the net amount of all uncleared bank transactions. b. It should always match the opening balance on the paper bank statement. c. It should always match the original account opening balance when the account was created. d. The beginning balance should always be zero.

b. It should always match the opening balance on the paper bank statement.

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99⟩ What is equity? a. What you own in the business b. Assets minus (-) liabilities c. What you owe to others in the business d. Assets plus (+) liabilities

b. Assets minus (-) liabilities

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100⟩ What options (tabs) do you have to change a report when you click Modify Report? a. Display b. Filters c. Header/Footer and Fonts & Numbers d. All of the above

d. All of the above

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101 Quickbook Questions And Answers

82⟩ When you send a QuickBooks report to Excel, which feature allows you to have a drop-down list for each column to allow filtering? a. Advanced Collapse b. Auto Outline c. Advanced Expand d. Auto Filter

88⟩ You don't like how a form (for example, an invoice) looks when you print it. How can you change it? a. Export the form to Word and edit it there b. Save it as a PDF and use PDF editing software c. Export the form to Excel and edit it there d. Click Customize at the top of the form

91⟩ Which of these functions can only be performed by the Administrator? a. Merge entries on lists b. Add new users and change their access privileges c. Memorize custom reports d. Back up the data file

94⟩ What are the 2 main Financial Statements you can run from the "Company and Financial" category of reports? a. Balance Sheet, Profit and Loss b. Balance Sheet, Statement of Operations c. Profit and Loss, Statement of Operations d. Statement of Operations, Statement of Financial Position

95⟩ When you run Financial Statements in QuickBooks, what bookkeeping basis can you use to view the report? a. Cash Basis b. Accrual Basis c. You can switch the bookkeeping basis if you want d. All of the above

97⟩ What are the main sections of the Profit & Loss? a. Income, Expenses, and Liabilities b. Income, Cost of Goods Sold, and Expenses c. Income, Assets, and Owner's Equity d. Assets, Liabilities, and Equity

99⟩ What is equity? a. What you own in the business b. Assets minus (-) liabilities c. What you owe to others in the business d. Assets plus (+) liabilities

100⟩ What options (tabs) do you have to change a report when you click Modify Report? a. Display b. Filters c. Header/Footer and Fonts & Numbers d. All of the above

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Home Applications Programs Quickbook

101 Quickbook Questions And Answers

82⟩ When you send a QuickBooks report to Excel, which feature allows you to have a drop-down list for each column to allow filtering? a. Advanced Collapse b. Auto Outline c. Advanced Expand d. Auto Filter

88⟩ You don't like how a form (for example, an invoice) looks when you print it. How can you change it? a. Export the form to Word and edit it there b. Save it as a PDF and use PDF editing software c. Export the form to Excel and edit it there d. Click Customize at the top of the form

91⟩ Which of these functions can only be performed by the Administrator? a. Merge entries on lists b. Add new users and change their access privileges c. Memorize custom reports d. Back up the data file

94⟩ What are the 2 main Financial Statements you can run from the "Company and Financial" category of reports? a. Balance Sheet, Profit and Loss b. Balance Sheet, Statement of Operations c. Profit and Loss, Statement of Operations d. Statement of Operations, Statement of Financial Position

95⟩ When you run Financial Statements in QuickBooks, what bookkeeping basis can you use to view the report? a. Cash Basis b. Accrual Basis c. You can switch the bookkeeping basis if you want d. All of the above

97⟩ What are the main sections of the Profit & Loss? a. Income, Expenses, and Liabilities b. Income, Cost of Goods Sold, and Expenses c. Income, Assets, and Owner's Equity d. Assets, Liabilities, and Equity

99⟩ What is equity? a. What you own in the business b. Assets minus (-) liabilities c. What you owe to others in the business d. Assets plus (+) liabilities

100⟩ What options (tabs) do you have to change a report when you click Modify Report? a. Display b. Filters c. Header/Footer and Fonts & Numbers d. All of the above

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