QuickBooks MCQs (Chapterwise Multiple Choice Questions)

What is the web address of the QuickBooks online version?

www.intuit.com

www.quickbooks.online.com

online.quickbooks.com

www.quickbooksonlineversion.com

Answer & Explanation

Correct Answer: www.intuit.com

Note: This Question is unanswered, help us to find answer for this one

Managing Change Orders is a function of the industry specific Quickbooks:

Retail

Manufacturer & Wholesaler

Contractor

General Business

Answer & Explanation

Correct Answer: Contractor

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What is an QuickBooks Accountants Copy?

Its a Quickbooks data file that allows the accountant prepare the client's tax return using the QuickBooks data.

Its a Quickbooks data file that allows the accountant to add and make changes to a client's data file and then send the file back to the client so that the changes can be merged with the client's data file.

Its a Quickbooks data file that allows the accountant to see the activity but not to make any changes.

Its a Quickbooks data file that is the same as a back-up file.

Answer & Explanation

Correct Answer: Its a Quickbooks data file that allows the accountant to add and make changes to a client's data file and then send the file back to the client so that the changes can be merged with the client's data file.

Note: This Question is unanswered, help us to find answer for this one

What is the shortcut action that results from pressing Crtl+T?

Displays the Write Checks window

Displays the memorized transaction list

Inserts a line into a list of items or expenses

Undoes your last action Ñ usually

Answer & Explanation

Correct Answer: Displays the memorized transaction list

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When you record a cash sale, where does Quickbooks apply the payment?

The selected bank account

Income

Undeposited funds

Petty cash

Answer & Explanation

Correct Answer: Undeposited funds

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What is the best way to prevent users from changing prior period transactions?

QuickBooks automatically denies access

Set access preference to No

Set closing date in the f‌ile and assign a password to the closing period

None of the above

Answer & Explanation

Correct Answer: Set access preference to No

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What is the shortcut key for Using Register?

Ctrl+J

Ctrl+A

Ctrl+R

Ctrl+I

Answer & Explanation

Correct Answer: Ctrl+R

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What is the extension for QuickBooks?

QBB

lFF

XLS

All of the above

Answer & Explanation

Correct Answer: QBB

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How can you see who last modified a transaction?

Create an Audit Trail Report for the transaction in question.

In the vendor & customer centers, right-click the transaction, select "View Transaction Journal", and modify the report to include the column "Last modified by."

All methods are correct.

While a transaction is selected, create a Transaction Journal report and modify it to include the column "Last modified by."

Answer & Explanation

Correct Answer: All methods are correct.

Note: This Question is unanswered, help us to find answer for this one

When initially setting up a company through the Advanced/Detailed Setup, which information does QuickBooks require you to enter?

Company name and Chart of Accounts

Company name, tax ID, and administrator password

Company name

Company name and address

Answer & Explanation

Correct Answer: Company name

Note: This Question is unanswered, help us to find answer for this one

QuickBooks Quick Quiz

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