Deck 1: Introduction to Quickbooks 2013 and Company Files

Question 1

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
The extension for a company file that may be used to enter transactions is

A).qbi
B).qbb
C).qbw
D).qbc

Answer 1

" The extension for a company file that may be used to enter transaction is______. "
Answer :
(C).qbw
Justification:
QuickBooks will restore the company backup file in the folders (the user specified). When QuickBooks restore the file, it creates a ".QBW" extension to record transaction.

Question 2

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
QuickBooks Home Page appears beneath the title bar and has a list of drop-down menus.

Answer 2

"QuickBooks home page appears beneath the title bar and has a list of drop-down menus"
Answer : False
Explanation : The homepage is where the user can simply click the icons shown within it to open the associated window. Therefore, it does not appear beneath the title bar and has a list of drop-down menus.

Question 3

Describe the importance of making a backup of a company file and explain what will happen to transactions entered today if a backup from an earlier date is restored.

Answer 3

The importance of making a backup file :
It is important to backup the company information and transaction , which allows the user to retain the information for a particular period. This backup file helps to avoid the damage or lost data. QuickBooks creates a condensed file that contains the vital information and transactions.
This file has a.qbb extension and is not usable unless it is resorted to a company file that has a.qbw extension (it can be existing or new company file).
The transaction entered after the backup data made will be erased.

Question 4

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
An icon is ______.

A) a document
B) a picture
C) a chart
D) a type of software

Question 5

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
There are various methods of giving QuickBooks commands, including use of QuickBooks Home Page, icon bar, menu bar, and keyboard shortcuts.

Question 6

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
When you use QuickBooks to make a company backup file, you are actually having QuickBooks create a condensed file that contains the essential transaction and account information.

Question 7

IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY COMPLETES THE SENTENCE.
The ________ menu is used to open and close a company and may also be used to exit QuickBooks.

Question 8

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
A way to find out the keyboard shortcuts for various commands is to look them up using ______.

A) the Internet
B) Help
C) the File menu
D) a Keyboard icon

Question 9

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
A (n) _____ is considered to be a list in QuickBooks.

A) Invoice
B) Chart of Accounts
C) Company
D) none of the above

Question 10

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
The Alt key + a letter are used to access the drop-down menus on the menu bar.

Question 11

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
A company file with a.qbw extension is used to record transactions.

Question 12

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
A)qbb extension on a file name means that the file is _______.

A) open
B) the working file
C) a restored file
D) a backup file

Question 13

IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY COMPLETES THE SENTENCE.
The Report Center has three different views available to display reports. They are ________ view, _______ view, and _________ view.

Question 14

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
When you end your work session, you must close your company, close QuickBooks, and remove your USB drive properly.

Question 15

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
QuickBooks keyboard conventions ______.

A) are not available
B) use the mouse
C) use certain keys in a manner consistent with Windows
D) incorporate the use of QuickBooks Company Center

Question 16

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
To verify the name of the open company, look at _________.

A) the icon bar
B) QuickBooks Home Page
C) the menu bar
D) the title bar

Question 17

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
Once an account has been used, the name cannot be changed.

Question 18

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
Transactions entered today will be erased if a backup from an earlier date is restored.

Question 19

IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY COMPLETES THE SENTENCE.
In QuickBooks you may change the company name by clicking Company Information on the _______ menu.

Question 20

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
Buttons on the invoice icon bar and on the bottom of an invoice are used to _____.

A) give commands to QuickBooks
B) add Customers
C) prepare reports
D) show graphs of invoices prepared

Question 21

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
If an error is made when entering a transaction, QuickBooks will not allow the user to return to the business document and make the correction.

Question 22

IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY COMPLETES THE SENTENCE.
The _______ organizes tasks into logical groups (Vendors, Customers, Employees, Company, and Banking).

Question 23

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
QuickBooks' QuickMath displays _______.

A) a calculator
B) an adding machine tape
C) a calculator with adding machine tape
D) none of the above

Question 24

At the end of each chapter, you will work with a different company and enter transactions that are similar to the ones you competed in the text. Follow the instructions given for transaction entry and printing. You may refer to the chapter for assistance.

Question 25

ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
In a computerized accounting system, each transaction that is analyzed must be entered by hand into the appropriate journal and posted to the appropriate ledger.

Question 26

IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY COMPLETES THE SENTENCE.
Whether you are using a manual or a computerized accounting system, transactions must still be ________, ________, and ________.

Question 27

WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED BEFORE THE QUESTION NUMBER.
QuickBooks Home Page _____.

A) allows you to give commands to QuickBooks according to the type of transaction being entered
B) are icons shown in a row beneath the menu bar
C) appears above the menu bar
D) appears at the bottom of the screen