QuickBooks Practice Test 100 Questions and Answers 2022 with complete solution

QuickBooks Practice Test 100 Questions and Answers 2022
with complete solution
1. During the Advanced Setup, you can turn on and off which features in the
EasyStep
Interview?
a. Sales taxes
b. Inventory
c. Progress Invoicing
d. All of the above
D
2. During the Advanced Setup, you can set up a password for which of the
following
users during the EasyStep Interview?
a. Administrator
b. External Accountant
c. You cannot setup passwords during the EasyStep interview
d. All users
A
3. When setting up a new company through the Advanced Setup, some company
information is optional and some is absolutely required. Which of the following
pieces of information does QuickBooks require you to enter during the EasyStep
Interview?
a. Company name
b. Company password
c. Tax ID
d. All of the above
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. Use the Advanced Setup to 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. Use the Advanced Setup to go through the EasyStep interview for each
company
to create a separate company file.
d. Use the Advanced Setup to go through the EasyStep Interview for the largest
company first, and then choose File > Add a separate business at the end of the
interview.
C
5. During the Advanced Setup, how do you setup a new account that is not on the
default list of accounts during the EasyStep Interview?
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.
A
6. You've been hired by a company that started in 1911. They've never used
QuickBooks. During the Advanced Setup, what "Start Date" should you use in the
EasyStep Interview?
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.
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.
d. Click the Restore icon on the Home page.
C
8. Which of the following is NOT a backup option in QuickBooks?
a. Manually back up the file.
b. Automatically back up the data file when closing QuickBooks.
c. Schedule an unattended backup
d. All of the above are QuickBooks backup options.
D
9. Why would you restore a data file from the backup file?
a. You wish to review the company data as it stood at an earlier date.
b. The company data file on your hard drive is damaged and cannot be used.
c. Your computer crashed. You reloaded QuickBooks, and now you are ready to
open the company file.
d. All of the above.
D
10. How do you switch to Multi-User Mode?
a. Choose Company > Set Up Users and Passwords > Set Up Users from the
menu.
b. Open the data file from a remote location.
c. Choose Edit > Preferences > Multi-User from the menu.
d. Choose File > Switch to Multi-user Mode from the menu.
D
11. If you choose to remove transactions as of a specific date from the
"Condense Data"
window, what does QuickBooks do?
a. Removes all payroll transactions that occurred on that date. This is a great way
to

, fix the mistakes a new person made on a particular day.
b. Removes all transactions while leaving lists, preferences, and service
subscriptions intact.
c. Changes the company's start date.
d. Deletes all transactions, as well as user passwords and access privileges.
B
12. What happens when you press F2 in QuickBooks?
a. Nothing, because function keys are not designed to work with QuickBooks.
b. QuickBooks opens the Help.
c. QuickBooks opens the Product Information window which includes version
and
company file information.
d. QuickBooks closes all windows.
C
13. When would you enter a journal entry?
a. To correct errors (if you have a strong accounting background)
b. For year-end adjustments
c. To enter depreciation
d. All of the above
D
14. If the computer that houses your QuickBooks data crashes, what should you
do?
a. Restore a back up copy of your company file
b. Create a back up copy of your company file
c. Condense your company file data
d. Export your data to Excel
A
15. When you start a company or are hired as a bookkeeper, it is important to
know
which edition of QuickBooks you are using. What are the major QuickBooks
editions?
a. QuickBooks Online, QuickBooks Pro, QuickBooks Premier, QuickBooks
Enterprise Solutions
b. QuickBooks Online, QuickBooks Basic, QuickBooks Pro
c. QuickBooks Basic, QuickBooks Pro
d. QuickBooks Premier, QuickBooks Enterprise Solutions
A
16. When entering a journal entry, what happens if the debits don't equal the
credits?
a. QuickBooks sends the difference to an adjustment account.
b. QuickBooks will not allow you to record the transaction.
c. QuickBooks asks you what to do with the "unequal" amount.
d. Nothing. QuickBooks records the transaction as is.
B
17. What do the diamonds mean on certain lists (for example, the diamonds to the
left