1-Why might you need to restore a company file?
A. To review your company data as it stood in an earlier period
B. The company file on your hard drive is damaged or corrupted
C. The computer’s hard drive is damaged
D. All the above
2-What is a valid reason for setting up sub-accounts on the Chart of Accounts?
A. You must create a different sub-account for every product or service you sell
B. Quickbooks only lets you have one income account and one expense account and one expense account, so to get more detail on reports you must make sub-accounts of those
C. When you run reports, you can collapse sub-accounts to make the report easier to read
D. You can choose which users have access to each sub-account to limit what they can see on reports
3-The product information window shows the version and year release of the Quickbooks installation you’re using, along with other general information about the company file.
How do you access the Product information window?
A. Click Shift+? On your keyboard simultaneously
B. Click the File menu, and then select Version Information
C. Press the F2 key
D. On the Help menu, select About QuickBooks > product information
4-The bank notified you than a customer’s check bounced due to insufficient funds
You need to accurately record the bounced check and any additional charges in QuickBooks
What should you do?
A. Open the customer’s invoice and click Unapply Payment Then send the customers a statement detailing the reopened invoice and bounced check
B. Delete the customer’s payment from the deposit
C. From the Home page, click Reconcile During the bank reconciliation, click Record Bounced check
D. Open the customer payment and click Record Bounced check
5-What can you do from the QuickBooks tab in Excel?
A. Import more QuickBooks reports into the Excel workbook
B. Close the connection between Excel and QuickBooks.
C. Update the information on the Excel report with new information from QuickBooks
D. Export changes you’ve made in a report in Excel to QuickBooks so that you can see updated formulas and graphs in QuickBooks.