Questions and Answers
1. You've been hired by a company that started in 1911. They've
never used QuickBooks. During the EasyStep Interview, what "Start
Date" should you use?-
Answer The date you want to begin tracking the company's finances in QuickBooks
2. When setting up a new company through the EasyStep
Interview, some company information is optional and some is
absolutely required. Which of the following pieces of information does
QuickBooks require you to enter?
Answer Company name
3. Which of the following is NOT a backup option in QuickBooks?
Answer Removes all transactions while leaving lists, preferences, and service
subscriptions intact.
4. If you choose to "Remove Transactions as of a specific date" from
1/
5
, the "Clean Up Company Data" window, what does QuickBooks do?
Answer Removes all transactions while leaving lists, preferences, and service
subscriptions intact.
5. What do the diamonds mean on certain lists (for example, the
diamonds to the left of each Customer;Job)?
Answer You can click on the diamond and move the list entry to a different location on the
list.
6. What is the maximum number of names that can be included on
the Names lists in QuickBooks Pro or Premier?
Answer 14,500
7. What item type should you use for inventory that you assemble
from other items and then sell?
Answer Inventory Assembly
8. Which of the following statements is true concerning items?
Answer You can use one item to represent different services or goods, Items allow you to track
your sales in more detail without cluttering your Chart of Accounts or Profit & Loss, and To create an
invoice, you must use an item.
2/
5