[QUICKBOOKS COMPUTER CHECK REGISTER]

Transcription

1 1. The first level of a computerized accounting system, which involves recording the company name, address, identification numbers, fiscal periods, accounts, and balances is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 2. Records of all accounts, vendors, customers, and inventory items are contained in the a. charts. b. lists/centers (ledgers). c. windows (journals). d. financial statements. 3. To open a company file you use the a. Restore command. b. Open command. c. Save command. d. Back up command. 4. The command used to make a copy of the original company file is the a. Restore command. b. Backup command. c. Save command. d. Exit command. 5. To open a backup copy of a company file you use the a. Restore command. b. Open command. c. Save command. d. Back up command. 6. The list/center that contains a file for each company from which goods and services are purchased is the a. Company List. b. Item List. c. Vendor Center. d. Purchases List. 7. All purchases of goods and services for cash, other than accounts payable, are recorded in the a. Enter Bills window Expenses tab. b. Pay Bills window. c. Write Checks window. d. Payments window. 1

2 8. When transactions are entered in the windows, certain account balances are automatically increased or decreased depending on the nature of the transactions. These accounts are called a. system default accounts. b. chart of accounts. c. bank accounts. d. company accounts. 9. In the Enter Bills window, the system default general ledger account is a. Accounts Receivable. b. Cash-Operating. c. Accounts Payable. d. Cost of Goods Sold. 10. The Write Checks window default general ledger account is a. Purchases. b. Accounts payable. c. Accounts receivable. d. Cash-Operating. 11. A payment of a bill via a debit card is recorded in the a. Debit Card window. b. Write Checks window. c. Enter bill window. d. Pay Bills window. 12. The report that lists all bills that have been recorded but not yet paid at a specific date is the a. Unpaid Bills Report. b. Journal Report. c. Transaction List by Vendor Report. d. Vendor Ledger Report. 13. The list/center that contains a file for each company or individual that goods are sold to is the a. Vendor List. b. Customer Center. c. Item List. d. Company List. 14. All sales on account are recorded in the a. Create Invoices window. b. Receive Payments window. c. Enter Sales Receipts window. d. Sales window. 2

3 15. Collections of accounts receivable are recorded in the a. Create Invoices window. b. Receive Payments window. c. Enter Sales Receipts window. d. Cash window. 16. In the Receive Payments window the default general ledger accounts are a. Accounts Receivable/Sales. b. Cash-Operating/Sales. c. Accounts Payable/Cash-Operating. d. Cash-Operating/Accounts Receivable. 17. All sales for cash are recorded in the a. Create Invoices window. b. Receive Payments window. c. Enter Sales Receipts window. d. Cash window. 18. A transaction recorded in the Enter Sales Receipts window is typically called a a. sale on account. b. collection of accounts receivable. c. sale for cash. d. purchase for cash. 19. In QuickBooks, when cash is received but not immediately deposited to the bank account, it is customary to post the transaction to the a. Cash-Operating account. b. Accounts Receivable. c. Undeposited Funds account. d. Customer Deposits. 20. In the Make Deposits window the default general ledger accounts are a. Cash-Operating/Accounts receivable. b. Cash-Operating/Sales. c. Purchases/Cash-Operating. d. Cash-Operating/Undeposited funds. 21. The report which lists unpaid invoices at a specific date is the a. Open Invoices Report. b. Customer Balance Detail Report. c. Transaction List by Customer Report. d. Journal Report. 3

4 22. Adjusting journal entries are recorded in the a. Chart of Accounts window. b. General Ledger window. c. Make General Journal Entries window. d. Adjustments window. 23. The list that contains a file for each account the company uses is the a. Item List. b. General Ledger List. c. Balance Sheet List. d. Chart of Accounts List. 24. The report that lists all general ledger account names, balances, and the total debits and credits is the a. General Journal Report. b. Trial Balance Report. c. Profit and Loss Report. d. Balance Sheet Report. 25. The report which lists all transactions for a specified period of time is the a. Journal Report. b. Trial Balance Report. c. Profit & Loss Standard Report. d. Balance Sheet Standard Report. 26. The report that displays all activity for each account is the a. Trial Balance Report. b. Adjusted Trial Balance Report. c. General Ledger Report. d. Balance Sheet Standard Report. 27. The list that contains a file for each service or inventory item sold by the company is the a. Inventory List. b. Customer List. c. Item List. d. Sales List. 28. All purchases of inventory on account are recorded in the a. Receive Items and Enter Bills window Expenses tab. b. Receive Items and Enter Bills window Items tab. c. Write Checks window. d. Purchases window. 4

5 29. All purchases of inventory for cash are recorded in the a. Write Checks window. b. Purchases window. c. Enter Bills-Items tab. d. Enter Bill-Expenses tab. 30. Sales discounts are recorded in the a. Enter Sales Receipts window. b. Create Invoices window. c. Enter Bills window. d. Receive Payments window. 31. An adjustment to the inventory balance is recorded in the a. General Journal Entry window. b. Inventory Items List window. c. Adjust Quantity/Value on Hand window. d. Enter Bills window. 32. In the Pay Sales Tax window the default general ledger accounts are a. Sales Tax Payable/Cash-Operating. b. Cash/Sales Tax Payable. c. Sales Tax Payable/Accounts Receivable. d. Accounts Receivable/Sales Tax Payable. 33. The report that displays all transactions affecting an inventory item along with the quantity on hand is the a. Inventory Sales Report. b. Inventory Purchases Report. c. Reorder Report. d. Inventory Valuation Detail Report. 34. When creating a new company, you would choose the a. Open Company command. b. New Company command. c. Update Company command. d. Restore Company command. 35. The window that appears for creating a new company using the Detailed Start method is a. New Company Setup. b. Open Company. c. EasyStep Interview. d. Create Company. 5

6 36. The QuickBooks process in the New Company Setup where you add account numbers, and edit account numbers and names is called a. customizing the Chart of Accounts List. b. editing the Chart of Accounts List. c. revising the Chart of Accounts List. d. renaming the Chart of Accounts List. 37. The inventory feature is activated from the a. Accounting Preferences. b. Items & Inventory Preferences. c. Sales & Customers Preferences. d. Integrated Applications Preferences. 38. To activate the Sales Tax feature, in addition to identifying the tax name and rate, you must identify the a. Payment Terms. b. Discount Period. c. Inventory-Part Items. d. Tax Agency. 39. The Payroll feature is disabled at the a. Accounting Preferences. b. Integrated Applications Preferences. c. Payroll & Employees Preferences. d. Reports & Graphs Preferences. 40. The menu choice used to open the Terms List window is the a. Customer & Vendor Profile Lists. b. Item List. c. Chart of Accounts List. d. Vendor Center. 41. The total earnings for an employee for a specific pay period is called a. Hourly pay. b. Gross pay. c. Salary income. d. Net pay. 42. Taxes imposed on both the employer and employee are the a. FUTA and SUI taxes. b. FIT and SIT. c. FICA and Medicare taxes. d. SIT and SUI. 6

7 43. When the Payroll feature is activated, QuickBooks automatically creates which two default general ledger accounts a. Social Security and Medicare Liabilities and Expense. b. Payroll Liabilities and Payroll Expenses. c. Federal Income Tax and State Income Tax Liabilities. d. FUTA Liabilities and FUTA Expense. 44. The List which contains a file for each type of payroll item that affects the payroll computation is the a. Employee List. b. Payroll Processing List. c. Pay Employee List. d. Payroll Item List. 45. The List/Center that contains a file with employee s background information is the a. Payroll Item List. b. Employee Center. c. Background Center. d. Pay List. 46. The report that lists the earnings, deductions, and employer payroll taxes for each employee for a specified period of time is the a. Payroll Liabilities Report. b. Payroll Summary Report. c. Employee State Tax Detail Report. d. 941 Report. 47. Movements of cash from one bank account to another are referred to as a. funds transfer. b. bank reconciliation. c. cleared checks. d. deposit-in-transit. 48. Checks written by the company but not paid by the bank are called a. outstanding checks. b. NSF checks. c. missing checks. d. checks in transit. 49. In the Reconcile window, if all reconciling items are accounted for the difference will a. equal the ending balance. b. equal the cleared balance. c. equal zero. d. equal the opening balance. 7

8 50. In the Enter Credit Card Charges Activity window, the default general ledger accounts are a. Asset or Expense/Accounts Payable. b. Credit card Liability/Cash-Operating. c. Asset or Expense/Credit Card Liability. d. Asset or Expense/Cash-Operating. 8