QuickBooks Test – 50 Questions: Accounting, Bookkeeping, and Financial Transactions Practice
Exam Study Guide
1. During the Easy Step Interview, you can turn on and off which features?
a. Sales taxes
b. Inventory
c. Progress Invoicing
d. All of the above - correct answer ✔✔d
2. During the EasyStep Interview, you can set up a password for which of the following users?
a. Administrator
b. External Accountant
c. You cannot setup passwords during the EasyStep interview
d. All users - correct answer ✔✔a
3. 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?
,a. Company name
b. Company password
c. Tax ID
d. All of the above - correct answer ✔✔a
4. How do you set up multiple businesses in QuickBooks (assuming each business files a
separate tax return)?
a. Purchase a separate QuickBooks license for each company you need to set up.
b. Go through the EasyStep interview for the oldest company first, and then choose
File > Add a separate business at the end of the interview.
c. Go through the EasyStep interview for each company to create a separate company file.
d. Go through the EasyStep Interview for the largest company first, and then choose
File > Add a separate business at the end of the interview. - correct answer ✔✔c
5. During the EasyStep Interview, how do you setup a new account that is not on the default list
of accounts?
a. You can't add accounts that are not on the QuickBooks default list. Finish the interview and
add the accounts directly to the Chart of Accounts.
, b. Click Add new account in the EasyStep Interview.
c. Click Edit Account during the EasyStep Interview.
d. Select Import My Chart of Accounts during the EasyStep Interview. - correct answer ✔✔a
6. 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?
a. There is no Start Date in the EasyStep Interview
b. The date the company bought QuickBooks.
c. 1911
d. The date you want to begin tracking the company's finances in QuickBooks. - correct answer
✔✔d
7. How do you restore a company file from a backup copy?
a. Choose File > Back Up. Then click the Restore from Backup button.
b. Choose File > Utilities > File Operations > Restore.
c. Choose File > Open or Restore Company. Select Restore a backup copy and click Next. Choose
Local or Online Backup and click Next. Select the file to restore and click Open. Choose where to
restore the file to and click Save.
Exam Study Guide
1. During the Easy Step Interview, you can turn on and off which features?
a. Sales taxes
b. Inventory
c. Progress Invoicing
d. All of the above - correct answer ✔✔d
2. During the EasyStep Interview, you can set up a password for which of the following users?
a. Administrator
b. External Accountant
c. You cannot setup passwords during the EasyStep interview
d. All users - correct answer ✔✔a
3. 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?
,a. Company name
b. Company password
c. Tax ID
d. All of the above - correct answer ✔✔a
4. How do you set up multiple businesses in QuickBooks (assuming each business files a
separate tax return)?
a. Purchase a separate QuickBooks license for each company you need to set up.
b. Go through the EasyStep interview for the oldest company first, and then choose
File > Add a separate business at the end of the interview.
c. Go through the EasyStep interview for each company to create a separate company file.
d. Go through the EasyStep Interview for the largest company first, and then choose
File > Add a separate business at the end of the interview. - correct answer ✔✔c
5. During the EasyStep Interview, how do you setup a new account that is not on the default list
of accounts?
a. You can't add accounts that are not on the QuickBooks default list. Finish the interview and
add the accounts directly to the Chart of Accounts.
, b. Click Add new account in the EasyStep Interview.
c. Click Edit Account during the EasyStep Interview.
d. Select Import My Chart of Accounts during the EasyStep Interview. - correct answer ✔✔a
6. 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?
a. There is no Start Date in the EasyStep Interview
b. The date the company bought QuickBooks.
c. 1911
d. The date you want to begin tracking the company's finances in QuickBooks. - correct answer
✔✔d
7. How do you restore a company file from a backup copy?
a. Choose File > Back Up. Then click the Restore from Backup button.
b. Choose File > Utilities > File Operations > Restore.
c. Choose File > Open or Restore Company. Select Restore a backup copy and click Next. Choose
Local or Online Backup and click Next. Select the file to restore and click Open. Choose where to
restore the file to and click Save.
