Test your basic knowledge |

Quickbooks Pro Accounting

Subject : it-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. You must _______ a company before exiting QBP






2. Adjustments are made at the end of the accounting period for items such as _________ prepaid insurance and prepaid rent or posting depreciation expense






3. You cannot ________________ by selecting "Company>>Close Accounting Period" on the main menu






4. QBP will let you ______ a posted journal entry to correct it






5. _____________ report shows a company's financial position






6. Accounting software eliminates tedious processes such as typing documents - manually posting and calculating transactions - and documenting the ________.






7. General journal entries that affect more than two accounts are called __________






8. QBP will let you ______ a posted journal entry to correct it






9. ___________ is not an asset






10. You can open the Chart of Accounts window using a ________






11. _______ QBP reports to Excel requires owning the Excel software






12. To save a modified report select: ________ and then name the report.






13. This report will list the details of transactions by account






14. Journal entries are automatically posted to general ledger accounts when _______






15. The Unpaid Bill Detail report is found under the ________ category of the Report Center






16. ___________ in QuickBooks include payroll






17. QBP will let you change a report by: clicking the Modify Report icon - entering custom dates on the face of the report - or __________________






18. Using the Lists menu will let you ___________






19. In a journal entry - the __________ is used when a transaction affects a customer - affects a vendor - affects an inventory account.






20. In a manual accounting system - a journal entry would consist of the date entered - the description - the debit and credit accounts - and the _________ where the account numbers are used as part of the audit trail.






21. The _______ cannot be opened under the List icon.






22. The Report Center contains a _______ named Budgets.






23. MAPS stands for: _______________ and not Manual Accounting Processes






24. This report will list the details of transactions by account






25. Accounting software is normally organized by activities and these activities are: customer and vendor activities - banking and employee activities - and _______________






26. You can locate a posted check mailed to a vendor by using: The search feature - the find feature - or ________






27. Accounting software is normally organized by activities and these activities are: customer and vendor activities - banking and employee activities - and _______________






28. Clicking the company snapshot icon will: open a window containing three tabs - show a graph of income and expense trends - or __________






29. Computerized accounting protects data integrity by reducing _________ because data is entered once and then the software posts the data to all the accounts.






30. _____________ report shows a company's financial position






31. You can add new general ledger accounts using a button located at the top of the ______






32. The Report Center contains a _______ named Budgets.






33. QBP will let you post a transaction to a ________ ater a warning






34. _______ report is also known as the Income Statement






35. Icons on the Icon Bar are _______ to frequently used tasks and reports.






36. You cannot view __________ by selecting "Company>>Journal" on the main menu






37. Using just the ________ - you can move your company files to a new computer






38. Keyboard shortcut can be used to enter a _______: Ctrl+D - Ctrl+S - Ctrl+N - Ctrl+L Ctrl+N






39. You cannot restore a company using a _________






40. To access ______ from the Main Menu select Reports






41. You can locate a posted check mailed to a vendor by using: The search feature - the find feature - or ________






42. You can print a General Ledger report using: Reports>>Accountants & Taxes>>General Ledger on the main menu - or ______________






43. When recording a journal entry - the ___________ saves the current transaction and exits the transaction window






44. The __________ can be printed using the Reports and Lists menus






45. This main menu command that will open a view of the chart of accounts: Customers - ______ - Company - Vendors






46. The _______ cannot be opened under the List icon.






47. The account type "Other Current Liability" would be assigned to a ______ account






48. To customize the General Ledger report - select: ________






49. ________ are used to open frequently performed tasks.






50. You must _______ a company before exiting QBP