1. All of the following is one of the four main categories of transactions in QuickBooks except?

MULTIPLE CHOICE

A. Customers

B. Vendors

C. Chart of accounts

D. Employees

2. Which of the following types of files identifies a QuickBooks Backup File?

MULTIPLE CHOICE

A. .QBB

B. .QBM

C. .QBW

D. QBX

3. Double-entry account records are exchanged in a transaction (debits and credits). Which of the following is recorded when a company purchases (receives) a computer and pays (gives) cash?

MULTIPLE CHOICE

A.The computer is recorded as a credit and the cash is recorded as a credit

B.    The computer is recorded as a debit and the cash is recorded as a debit

C.    The computer is recorded as a credit and the cash is recorded as a debit

D.   The computer is recorded as a debit and the cash is recorded as a credit

4. The objective of an accounting information system, like QuickBooks, is to:

MULTIPLE CHOICE

A. Use the computer for keeping accounting records

B.    None of the above

C.    Save company resources, like time and paper

D.   Collect, summarize and communicate information

5. Accounting information is used to do all of the following except:

MULTIPLE CHOICE

		A. Prepare tax returns for the IRS
		B. Prepare financial statements for investors
		C. Prepare meeting minutes for the board of directors
D.		Prepare reports for management