QUESTION 1

How do you access the screen to add a user and password?

	A.	Company menu > Set Up Users and Passwords > Set Up Users
	B.	Employees > Employee Center
	C.	Edit menu > Preferences > Employees
	D.	Company menu > Company Information

1 points

QUESTION 2

The administrator can never grant unrestricted access to all areas of QuickBooks to another user.

True

False

1 points

QUESTION 3

The Profit & Loss Statement (Income Statement):

	A.	lists all the accounts and account numbers
	B.	summarizes what a company owns and what it owes
	C.	lists a company's assets
	D.	reports the results of a company's operations, listing income and expenses for a period of time

1 points

QUESTION 4

Which of the following is a temporary account?

	A.	Sales
	B.	Accounts Receivable
	C.	Accounts Payable
	D.	Inventory

1 points

QUESTION 5

An example of a non-posting account is ________.

	A.	Inventory
	B.	Accounts Payable
	C.	Employee Expense
	D.	Purchase Orders Account

1 points

QUESTION 6

To add a new account to the Chart of Accounts:

	a.	From the Lists menu, select New Account
	b.	From the Chart of Accounts menu, select New Account
	c.	From the Chart of Accounts window, select Account, New
	d.	From the Company menu, select New Account

1 points

QUESTION 7

What is the purpose of a non-posting account?

	A.	To track information necessary to the accounting information system.
	B.	To identify owner's equity.
	C.	To calculate income.
	D.	To calculate expenses.

1 points

QUESTION 8

Which QuickBooks version is designed for small businesses without industry specific needs?

	A.	QuickBooks Pro
	B.	QuickBooks Premier
	C.	QuickBooks Accountant
	D.	QuickBooks Enterprise Solutions

1 points

QUESTION 9

Which QuickBooks version is designed for mid-sized businesses?

	A.	QuickBooks Premier
	B.	QuickBooks Enterprise Solutions
	C.	QuickBooks Pro
	D.	QuickBooks Accountant

1 points

QUESTION 10

Which of the following increases owner's equity?

	A.	Business profits
	B.	Business expenses
	C.	Dividends
	D.	Business losses

1 points

QUESTION 11

What was Larry's Landscaping "Net cash provided (or used) by Operating Activities" for the time period of 10/1/2018 through 9/30/2019?

(Note: This is a 1 point bonus question)

1 points (Extra Credit)