COMPUTERIZED ACCOUNTING CHAPTERS 1-4 EXAM QUESTIONS ANSWERED CORRECTLY LATEST
UPDATE 2026
In the company section of the homepage, you can - Answers View the chart of accounts
Which of the following file types identifies a quickbooks back up file - Answers QBB
A QuickBooks QBB file - Answers Is such a compressed file that must be restored as a QBW file before
transactions can be entered
Which of the following activities associated with the customer section of the homepage - Answers
Receive payments
Which financial statement below summarizes accompanies cash inflow and outflow - Answers
Statement of cash flows
To change a company's name in QuickBooks select the following from my shortcuts on the navigation
icon bar - Answers My company> edit
The homepage and QuickBooks consist of all the following sections except - Answers Lists
Which type of QuickBooks data file allows you to enter data and transactions - Answers QBW
Which financial statement below summarizes the financial position of a company - Answers Balance
sheet
Do you access to scream to add a user and password - Answers Company menu > Set up users and
password > set up users
And example of non-passing account - Answers Purchase orders account
What's the purpose of a non-posting account - Answers To track information necessary for the
accounting system
A company's office furniture is classified as what Account type - Answers Fixed asset
Income statement accounts are also called - Answers Temporary accounts
To restore the chart of accounts first display the chart of accounts window when - Answers Click
account > re-sort list
Which of the following is considered a permanent account - Answers Balance sheet accounts
Which of the following is A liability - Answers On amount a company owes
Quickbooks list includes all the following except - Answers Owners list
All the followings are one of the four main categories of transactions in QuickBooks except - Answers
Owners
Which of the following quickbooks features can be used to save a transaction that will be reuse in the
future - Answers Memorize transactions
To use memorize transactions select - Answers Select list menu> memorized transaction list
Double entry accounting records exchanges in a transaction with debits and credits which of the
following is recorded wanna compass any purchases a desk and pays cash pays cash - Answers The
desk is recorded with the Devon and the cash is recorded with a credit
The banking section of the homepage include which of the following backing transactions - Answers
Enter credit card chargers
Customer transactions include which of the - Answers Create invoices
Then then transactions include which of the following - Answers Enter bills
The check register - Answers Records payments and the person to the checking account
The enter bills > pay bills Two-step approach for paying bills must be used to pay which of the
following - Answers Sales taxes
Which of the following statements is true - Answers To maintain separation between the personal
and the business accounting records the owners personal checking account should not be used to pay
bills for the business and should not be listed in the business chart of accounts
And the check register the term split indicates the payment is split between two or more - Answers
Accounts
When reconciliate in a bank account which of the following is considered a timing difference
difference between the bank balance and the book balance - Answers Outstanding checks
Timing differences discovered when I read conciliating the bank statement that the bank has not yet
recorded yet include - Answers Both deposits in transit and outstanding checks
A business checking account might be useful which of the following purchases - Answers Insurance for
the office
When recording a bell QuickBooks Automatically - Answers Records and expense debit, And the
obligation to pay later credit
UPDATE 2026
In the company section of the homepage, you can - Answers View the chart of accounts
Which of the following file types identifies a quickbooks back up file - Answers QBB
A QuickBooks QBB file - Answers Is such a compressed file that must be restored as a QBW file before
transactions can be entered
Which of the following activities associated with the customer section of the homepage - Answers
Receive payments
Which financial statement below summarizes accompanies cash inflow and outflow - Answers
Statement of cash flows
To change a company's name in QuickBooks select the following from my shortcuts on the navigation
icon bar - Answers My company> edit
The homepage and QuickBooks consist of all the following sections except - Answers Lists
Which type of QuickBooks data file allows you to enter data and transactions - Answers QBW
Which financial statement below summarizes the financial position of a company - Answers Balance
sheet
Do you access to scream to add a user and password - Answers Company menu > Set up users and
password > set up users
And example of non-passing account - Answers Purchase orders account
What's the purpose of a non-posting account - Answers To track information necessary for the
accounting system
A company's office furniture is classified as what Account type - Answers Fixed asset
Income statement accounts are also called - Answers Temporary accounts
To restore the chart of accounts first display the chart of accounts window when - Answers Click
account > re-sort list
Which of the following is considered a permanent account - Answers Balance sheet accounts
Which of the following is A liability - Answers On amount a company owes
Quickbooks list includes all the following except - Answers Owners list
All the followings are one of the four main categories of transactions in QuickBooks except - Answers
Owners
Which of the following quickbooks features can be used to save a transaction that will be reuse in the
future - Answers Memorize transactions
To use memorize transactions select - Answers Select list menu> memorized transaction list
Double entry accounting records exchanges in a transaction with debits and credits which of the
following is recorded wanna compass any purchases a desk and pays cash pays cash - Answers The
desk is recorded with the Devon and the cash is recorded with a credit
The banking section of the homepage include which of the following backing transactions - Answers
Enter credit card chargers
Customer transactions include which of the - Answers Create invoices
Then then transactions include which of the following - Answers Enter bills
The check register - Answers Records payments and the person to the checking account
The enter bills > pay bills Two-step approach for paying bills must be used to pay which of the
following - Answers Sales taxes
Which of the following statements is true - Answers To maintain separation between the personal
and the business accounting records the owners personal checking account should not be used to pay
bills for the business and should not be listed in the business chart of accounts
And the check register the term split indicates the payment is split between two or more - Answers
Accounts
When reconciliate in a bank account which of the following is considered a timing difference
difference between the bank balance and the book balance - Answers Outstanding checks
Timing differences discovered when I read conciliating the bank statement that the bank has not yet
recorded yet include - Answers Both deposits in transit and outstanding checks
A business checking account might be useful which of the following purchases - Answers Insurance for
the office
When recording a bell QuickBooks Automatically - Answers Records and expense debit, And the
obligation to pay later credit
