Intuit QuickBooks Certified User (QBCU) Exam:
Questions & Answers( Solved)
Your company just hired a subcontractor to work 40 hours per week on a job. Which
list should you add the person to? - ANSWERVendors
When you run a Profit & Loss on the accrual basis, what does QuickBooks include as
income? - ANSWERAll sales
How do you pay payroll liabilities in QuickBooks? - ANSWERSelect the payments you
want to make from the Pay Scheduled Liabilities list in the Payroll Center. Then click
View/Pay.
What is the end result of the Payroll Setup Interview? - ANSWERQuickBooks has an
accurate record of employees, earnings, deductions, and payroll history, and you are
ready to create your first paycheck.
How do you change the report basis (Accrual vs. Cash) for just one report? -
ANSWERClick the Customize Report button on the report and then choose Accrual or
Cash on the Display tab.
Suppose you always want all reports to show with a specific front size and color.
How do you set this standard or preference in QuickBooks so you don't have to
customize each report? - ANSWERClick the Edit menu and select Preferences. Then
click the Reports & Graphs group to set your report preferences.
Where can you see a thumbnail sample of each report in QuickBooks along with a
description of what the report tells you? - ANSWERReport Center
Assume that QuickBooks is now in Single-User Mode. What does this mean? -
ANSWEROnly one users can access the company file.
Which of the following is TRUE regarding General Journal Entries? - ANSWERGeneral
Journal Entries require a good understanding of debits and credits and should not be
used by non-accountants.
Which of the following is a possible reason for a bank reconciliation discrepancy? -
ANSWERThe bank reconciliation is on a "cash" basis instead of the correct "accrual"
basis.
Which report is also known as an income statement, and summarizes income and
expenses for a month? - ANSWERProfit & Loss Standard
What is the primary reason for setting a Closing Date in QuickBooks? - ANSWERTo
restrict users from deleting, editing, or adding transactions to last year
, What is the purpose of the Audit Trail report? - ANSWERTo track any changes and
deletions to transactions, as well as track which user makes the change or deletion
You purchased something with a debit card. - ANSWEROpen the Write Checks
window > On the Home page, click Record Credit Card Charge > Type Debit in the
number field, then enter who you paid, how much, and what it was for (expense
account) > Click Save & Close
Which of the following statements is true regarding vendor credit memos? -
ANSWERVendor credit memos reduce what you owe the vendor
Which of the following statements is NOT true about entering and paying bills in
QuickBooks? - ANSWERIf you record the bill in QuickBooks, use the Write Checks
window (or the check register) to pay that same bill.
Which of the following form templates CANNOT be customized in QuickBooks? -
ANSWERCheck
Which tool do you use to move your logo on a form? - ANSWERLayout Designer
For each functional area of QuickBooks Pro and Premier, what levels of access can
you grant to users? - ANSWERYou can prohibit access, grant full access, or grant
selective access. These levels apply to all transactions within that area.
How would you track customer birth dates in QuickBooks? - ANSWERAdd a Custom
Field to the customer list
Congratulations! You own a food truck. - ANSWERService > Inventory Part > Non-
Inventory Part > Inventory Assembly
Which accounts are affected when you enter time into QuickBooks? - ANSWERNone,
because timesheets are non-posting entries
You were hired by a company that has never used QuickBooks for payroll. -
ANSWERStart the Payroll Setup Interview > Enter employees, taxes, and year-to-date
payroll, if necessary > Create your first paycheck > Complete the Payroll Setup
Interview
You've been asked to move the name of a customer in the customer center from the
top of the list to the bottom of the list. - ANSWERClick on the diamond to the left of
the name and then drag the name up or down to the desired location.
Which of the following statements is true regarding Undeposited Funds in
QuickBooks? - ANSWERIt is an account used to record payments before you make a
deposit.
Questions & Answers( Solved)
Your company just hired a subcontractor to work 40 hours per week on a job. Which
list should you add the person to? - ANSWERVendors
When you run a Profit & Loss on the accrual basis, what does QuickBooks include as
income? - ANSWERAll sales
How do you pay payroll liabilities in QuickBooks? - ANSWERSelect the payments you
want to make from the Pay Scheduled Liabilities list in the Payroll Center. Then click
View/Pay.
What is the end result of the Payroll Setup Interview? - ANSWERQuickBooks has an
accurate record of employees, earnings, deductions, and payroll history, and you are
ready to create your first paycheck.
How do you change the report basis (Accrual vs. Cash) for just one report? -
ANSWERClick the Customize Report button on the report and then choose Accrual or
Cash on the Display tab.
Suppose you always want all reports to show with a specific front size and color.
How do you set this standard or preference in QuickBooks so you don't have to
customize each report? - ANSWERClick the Edit menu and select Preferences. Then
click the Reports & Graphs group to set your report preferences.
Where can you see a thumbnail sample of each report in QuickBooks along with a
description of what the report tells you? - ANSWERReport Center
Assume that QuickBooks is now in Single-User Mode. What does this mean? -
ANSWEROnly one users can access the company file.
Which of the following is TRUE regarding General Journal Entries? - ANSWERGeneral
Journal Entries require a good understanding of debits and credits and should not be
used by non-accountants.
Which of the following is a possible reason for a bank reconciliation discrepancy? -
ANSWERThe bank reconciliation is on a "cash" basis instead of the correct "accrual"
basis.
Which report is also known as an income statement, and summarizes income and
expenses for a month? - ANSWERProfit & Loss Standard
What is the primary reason for setting a Closing Date in QuickBooks? - ANSWERTo
restrict users from deleting, editing, or adding transactions to last year
, What is the purpose of the Audit Trail report? - ANSWERTo track any changes and
deletions to transactions, as well as track which user makes the change or deletion
You purchased something with a debit card. - ANSWEROpen the Write Checks
window > On the Home page, click Record Credit Card Charge > Type Debit in the
number field, then enter who you paid, how much, and what it was for (expense
account) > Click Save & Close
Which of the following statements is true regarding vendor credit memos? -
ANSWERVendor credit memos reduce what you owe the vendor
Which of the following statements is NOT true about entering and paying bills in
QuickBooks? - ANSWERIf you record the bill in QuickBooks, use the Write Checks
window (or the check register) to pay that same bill.
Which of the following form templates CANNOT be customized in QuickBooks? -
ANSWERCheck
Which tool do you use to move your logo on a form? - ANSWERLayout Designer
For each functional area of QuickBooks Pro and Premier, what levels of access can
you grant to users? - ANSWERYou can prohibit access, grant full access, or grant
selective access. These levels apply to all transactions within that area.
How would you track customer birth dates in QuickBooks? - ANSWERAdd a Custom
Field to the customer list
Congratulations! You own a food truck. - ANSWERService > Inventory Part > Non-
Inventory Part > Inventory Assembly
Which accounts are affected when you enter time into QuickBooks? - ANSWERNone,
because timesheets are non-posting entries
You were hired by a company that has never used QuickBooks for payroll. -
ANSWERStart the Payroll Setup Interview > Enter employees, taxes, and year-to-date
payroll, if necessary > Create your first paycheck > Complete the Payroll Setup
Interview
You've been asked to move the name of a customer in the customer center from the
top of the list to the bottom of the list. - ANSWERClick on the diamond to the left of
the name and then drag the name up or down to the desired location.
Which of the following statements is true regarding Undeposited Funds in
QuickBooks? - ANSWERIt is an account used to record payments before you make a
deposit.
