CH 1 COMPUTERIZED ACCOUNTING EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE
2026
Quickbooks can create many different __________ that are useful when managing a business. -
Answers reports
Managers use accounting information to make decisions that include (check all that apply) - Answers
Are we collecting cash from customers when their bills are due?
Which of our products in development is predicted based on market analysis to have the greatest
demand next year?
Will we have enough cash to pay our bills?
Which of the following ways can use to navigate Quickbooks software? (check all that apply) -
Answers Homepage, Icon bar (my shortcuts, and Menu Bar
The customer center summarizes information about: (check all that apply) - Answers Customers, jobs,
and customer transactions
True or False: the Employee Center cannot be displayed from the Icon bar. - Answers False (click
"Employees" on the Icon Bar to view the Employee Center)
From the ________ drop-down menu, you can create a new company file and open or restore an
existing company file. - Answers File
From which of the following menus, can you restrict user access? - Answers Company menu
To view the report center, you would select ______ on the left icon bar. - Answers Reports
Quickbooks reports can be _______ to meet business needs. - Answers customized
QBB files: (check all that apply) - Answers -are used to move a quickbooks file from one computer to
another
-are compressed files
-are backup files
-must be restored before they can be used
A sound disaster recovery plan includes preparing backups for ________ business day. - Answers each
To save a backup QBB file, list in order the following steps - Answers 1. click "File" menu
2. select "Back Up Company"
3. select "Create Local Backup"
To close a Quickbooks company file, select: - Answers "file" menu> "close company"
To exit Quickbooks Software, select: - Answers "File" menu > "Exit"
Business transactions are ________ between two parties. - Answers exchanges
Accounting information can be entered into QuickBooks using either an onscreen _______ or an
onscreen _______. - Answers journal; form
The Other List used by Quickbooks record information about: - Answers owners
Which of the following transactions would appear in the Customers section of the Quickbooks Home
page? (check all that apply) - Answers Create invoices, and create estimates
Select the following activities that could be completed from the Employees section of the Quickbooks
Home page. (check all that apply) - Answers enter time worked, pay employees, pay payroll tax
liabilities
The record deposits activity is displayed in which section of the quickbooks home page? - Answers
Banking
Quickbooks insights is a ________ dashboard of relevant financial information. - Answers digital
The vendor center summarizes information about: (check all that apply) - Answers vendor
transactions, vendors
True or False: The Report Center can be displayed by selecting Reports on the Icon bar. - Answers
True
The four major types of transactions for a company are: - Answers customer, vendor, employee,
banking
To export to Excel software a Quickbooks report that is displayed, select the ________ button at the
top of the Report window. - Answers Excel
To use Quickbooks Help feature, select: - Answers "Help" > "Quickbooks Help"
Identify the order of the following steps when you use the Workflow approach. - Answers 1. Open QB
software
2. Restore Data Starter QBB file
3. complete assignments
2026
Quickbooks can create many different __________ that are useful when managing a business. -
Answers reports
Managers use accounting information to make decisions that include (check all that apply) - Answers
Are we collecting cash from customers when their bills are due?
Which of our products in development is predicted based on market analysis to have the greatest
demand next year?
Will we have enough cash to pay our bills?
Which of the following ways can use to navigate Quickbooks software? (check all that apply) -
Answers Homepage, Icon bar (my shortcuts, and Menu Bar
The customer center summarizes information about: (check all that apply) - Answers Customers, jobs,
and customer transactions
True or False: the Employee Center cannot be displayed from the Icon bar. - Answers False (click
"Employees" on the Icon Bar to view the Employee Center)
From the ________ drop-down menu, you can create a new company file and open or restore an
existing company file. - Answers File
From which of the following menus, can you restrict user access? - Answers Company menu
To view the report center, you would select ______ on the left icon bar. - Answers Reports
Quickbooks reports can be _______ to meet business needs. - Answers customized
QBB files: (check all that apply) - Answers -are used to move a quickbooks file from one computer to
another
-are compressed files
-are backup files
-must be restored before they can be used
A sound disaster recovery plan includes preparing backups for ________ business day. - Answers each
To save a backup QBB file, list in order the following steps - Answers 1. click "File" menu
2. select "Back Up Company"
3. select "Create Local Backup"
To close a Quickbooks company file, select: - Answers "file" menu> "close company"
To exit Quickbooks Software, select: - Answers "File" menu > "Exit"
Business transactions are ________ between two parties. - Answers exchanges
Accounting information can be entered into QuickBooks using either an onscreen _______ or an
onscreen _______. - Answers journal; form
The Other List used by Quickbooks record information about: - Answers owners
Which of the following transactions would appear in the Customers section of the Quickbooks Home
page? (check all that apply) - Answers Create invoices, and create estimates
Select the following activities that could be completed from the Employees section of the Quickbooks
Home page. (check all that apply) - Answers enter time worked, pay employees, pay payroll tax
liabilities
The record deposits activity is displayed in which section of the quickbooks home page? - Answers
Banking
Quickbooks insights is a ________ dashboard of relevant financial information. - Answers digital
The vendor center summarizes information about: (check all that apply) - Answers vendor
transactions, vendors
True or False: The Report Center can be displayed by selecting Reports on the Icon bar. - Answers
True
The four major types of transactions for a company are: - Answers customer, vendor, employee,
banking
To export to Excel software a Quickbooks report that is displayed, select the ________ button at the
top of the Report window. - Answers Excel
To use Quickbooks Help feature, select: - Answers "Help" > "Quickbooks Help"
Identify the order of the following steps when you use the Workflow approach. - Answers 1. Open QB
software
2. Restore Data Starter QBB file
3. complete assignments
