b. QuickBooks will not allow you to record the transaction.
When you start a company or are hired as a bookkeeper, it is important to know which edition of QuickBooks you are using. What are the major QuickBooks editions? a. QuickBooks Online, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise Solutions b. QuickBooks Online, QuickBooks Basic, QuickBooks Pro c. QuickBooks Basic, QuickBooks Pro d. QuickBooks Premier, QuickBooks Enterprise Solutions
What happens when you press F2 in QuickBooks? a. Nothing, because function keys are not designed to work with QuickBooks. b. QuickBooks opens the Help. c. QuickBooks opens the Product Information window which includes version and company file information. d. QuickBooks closes all windows.
What transaction/form do you begin with to enter a vendor credit? a. Vendor Credit b. Enter Bill c. Pay Bills window d. Receive Vendor Credit
How do you create an Accountant's Copy? a. From the Home page, click Accountant's Copy. b. Choose Accountant > Create Accountant's Copy. c. Choose File > Accountant's Copy > Select Save File or Send to Accountant. d. Only accountants can create an Accountant's Copy.
Which form should you use to enter petty cash expenditures? a. Enter Petty Cash b. Money Out c. Enter Credit Card Charges d. Write Checks or use check register
When should you never delete a check? a. You recorded a check but have not printed it yet. b. You printed a check on blank paper but now realize you don't want to record the check. c. You accidentally recorded the same check (with the same check number) twice. d. You printed a check, and the check number has been used.
How do you track accounts payable in QuickBooks? a. Enter a bill, and then use the Write Checks window. b. Write a check, and then mark it as "pending" until you pay it. c. Enter a bill, and then use the Pay Bills window. d. You can't track accounts payable.
What happens to the inventory asset account when you enter a purchase order for inventory? a. The inventory asset account increases. b. The inventory asset account decreases. c. The inventory asset account is not affected. Cost of Goods Sold increases. d. No accounts are affected.
What methods for purchasing can be recorded using the Write Checks window? a. Debit card purchase b. Petty cash purchase c. ATM withdrawal d. All of the above
Can you delete a list entry (for example, an item)? a. Yes, if the list entry is not used in any transactions or is not part of another list entry (for example, a group item). b. No, if the list entry is used in any transactions or is part of another list entry (for example, a group item). c. Both A and B are correct. d. No, you can never delete a list entry.
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