This is for QuickBooks 2019

1.Creating a General Journal entry _____________________________________________.

a. prevents you from allocating amounts across periods

b. creates connections among General Journal entries

c. allows you to allocate amounts across multiple periods

d. chooses debits and credits for you

2.Which statement reflects why you should memorize transactions?

a. It prevents you from making changes to recurring transactions.

b. It allows you to reuse the Make Deposits form.

c. It minimizes the time and effort spent on recurring transactions.

d. It preserves all the information in recurring transactions.

3.Which feature would be the most useful for determining the hours for which to pay hourly employees each pay period?

a. The write cheques feature

b. The billable feature

c. The manual payroll feature

d. The time tracking feature

4.The PD7A is the standard form used to ____________________________________________.

a. report taxes to the Canada Revenue Agency

b. determine employment insurance amounts

c. calculate the amount from each employee to deduct for the Canada pension plan

d. determine provincial tax amounts

5.Which of the following is not a required item to start a new company file when using the Express Start method?

a. Industry

b. Province

c. Company name

d. Legal name

6.Which of the following statements about using the Create method to (create a) new company file is true?

a. All memorized reports will be copied into the new file.

b. Some lists and items will be copied into the new file, but no transactions will be copied.

c. You need only specify the company name, industry, company type, and province to set up a new company file.

d. You can answer a series of questions to gather the information needed to set up a new company file.

7.In which situation do you need to set up passwords for each user?

a. If the Admin relinquishes his or her permissions

b. If more than one user has access to QuickBooks

c. If QuickBooks is set up in single-user mode

d. If the Admin establishes secure access to the company file

8.How can you implement accounting controls so that different users have responsibility for different parts of the accounting process?

a. Set up QuickBooks for multi-user mode.

b. Set user permissions to grant (or deny) access to different areas of QuickBooks.

c. Assign different passwords to each user.

d. Assign the Admin password only to the Admin.

9.How can you discover information about QuickBooks before you decide to update the software?

a. Re-install QuickBooks.

b. Press the F2 key to display the software version, then review any downloaded updates.

c. Press the F2 key to display the software version, then restart your computer.

d. Check the software license renewal status.

10. What can occur if you don't set a fiscal year closing date?

a. The tax returns may need to be amended.

b. Accounting data in prior periods can be modified.

c. The Audit Trail won't show changes made by users.

d. You won't be able to change non-posting transactions.