Question 1

The QuickBooks Desktop Menu that enables you to backup your company file is_____ .

Accepted Answer

The "File" menu in QuickBooks Desktop includes options for various file operations, including the ability to backup your company file.

Question 2

Each QuickBooks Desktop menu focuses on a different area of the program.

Accepted Answer

Each menu in QuickBooks Desktop is designed to focus on a specific area of the program, such as banking, reports, or company settings, to help users navigate and manage different aspects of their business finances efficiently.

Question 3

The extension for a company file that may be used to enter transactions is ____.

Accepted Answer

The .qbw extension is used for QuickBooks for Windows company files, which are the primary files used to enter and store transactions and accounts.

Question 4

There are various methods of giving QuickBooks commands including use of QuickBooks Home Page, the menu bar, and keyboard shortcuts.

Accepted Answer

These methods provide different ways to navigate and execute commands within QuickBooks, catering to user preferences and efficiency needs.

Question 5

______allow(s) you to make a closer observation of transaction details and/or amounts.

Accepted Answer

QuickZoom is a feature in accounting software that allows users to zoom in on specific transactions and view more detailed information such as amounts, dates, and other relevant details. This feature provides a closer observation of transaction details and/or amounts. Graphs and The Balance Sheet do not offer the same level of transaction detail. Invoices are a record of a transaction, but they do not provide a closer observation of transaction details beyond what is listed on the invoice itself.

Question 6

In both manual and computerized account systems, transactions must still be_____ .

Accepted Answer

In both manual and computerized accounting systems, transactions must be analyzed to determine their impact on the financial position, recorded as entries in journals or ledgers, and posted to the appropriate accounts to reflect these changes accurately.

Question 7

The Report Center contains all the reports available in QuickBooks Desktop.

Accepted Answer

The Report Center in QuickBooks Desktop is designed to provide users with access to all the reports available within the software, organized by category for easy navigation.

Question 8

The QuickBooks backup (.qbb) file is used to record transactions.

Accepted Answer

The QuickBooks backup (.qbb) file is used to create a backup of the QuickBooks company file (.qbw) and its data, not to record transactions directly. Transactions are recorded in the company file (.qbw).

Question 9

QuickBooks Desktop Home Page Insights gives you training in how to complete business documents.

Accepted Answer

QuickBooks Desktop Home Page Insights provides an overview of your business's financial performance, not training on how to complete business documents.

Question 10

When you use QuickBooks Desktop to make a company backup file, QuickBooks Desktop creates a condensed file that contains the essential transaction and account information.

Accepted Answer

QuickBooks Desktop creates a condensed file that contains the essential transaction and account information when you make a company backup file.

Question 11

To add your name to a QuickBooks Company name, you use the________ .

Accepted Answer

The Company menu in QuickBooks allows you to access and modify company information, including adding or changing the company name.

Question 12

QuickMath displays _____

Accepted Answer

The answer of QuickMath displays _____
...

Question 13

In the Report Center, the reports may be displayed in ____view.

Accepted Answer

Reports in the Report Center can be displayed in Carousel, List, and Grid views, making "All the above" the correct answer.

Question 14

A .qbb extension on a file name means that the file is_____ .

Accepted Answer

The answer of A .qbb extension on a file name...

Question 15

QuickBooks Home Page appears beneath the title bar and has a list of drop-down menus.

Accepted Answer

The QuickBooks Home Page does not appear beneath the title bar with a list of drop-down menus; instead, it displays a graphical interface with icons and shortcuts to various tasks and areas of the software, separate from the drop-down menus located in the title bar area.

Question 16

Alt key + a letter may be used to access the drop-down menus on the menu bar.

Accepted Answer

Pressing the Alt key in combination with a letter that corresponds to a specific menu option can activate that option, allowing access to drop-down menus on the menu bar in many software applications.

Question 17

By default, the Icon bar is displayed at the top of the QuickBooks Desktop screen.

Accepted Answer

The answer of By default, the Icon bar is displayed...

Question 18

There is more than one version of QuickBooks Desktop available for purchase.

Accepted Answer

QuickBooks Desktop offers multiple versions to cater to different business needs, including Pro, Premier, and Enterprise.

Question 19

QuickBooks Desktop Home Page____ .

Accepted Answer

The QuickBooks Desktop Home Page is designed to allow users to give commands to QuickBooks Desktop based on the specific type of transaction they are entering. It provides a centralized location for accessing the main features and functions related to transaction entry and management.

Question 20

A(n)____ is a list in QuickBooks Desktop.

Accepted Answer

A Chart of Accounts is a list in QuickBooks Desktop that categorizes a company's accounts and balances, helping in organizing finances.

Quiz 1: Introduction to Quickbooks 2018 and Company Files