QuickBooks Test

Exam Type: QuickBooks MCQ Skill Test
Questions Type: Multiple Choice Questions
Total Questions: 32
Time Limit: 30 Minutes
Last Update June, 2025

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QuickBooks Quiz

Question 1 of 32
30:00

Time Tracking in QuickBooks cannot be used to complete which task?

Which two accounts are typically affected by Payroll Items when using the Payroll feature?

What is the easiest way to set up multiple companies, with the same owner, in QuickBooks?

During the EasyStep Interview, which features can you turn on and off?

On your QuickBooks Home Page, which of the following features is NOT associated with the Employee section?

Which of the following would be considered a current asset?

What is the purpose of using subaccounts in the Chart of Accounts?

What is the best way to track bills in QuickBooks to manage your cash flow?

What basis of accounting is used to record revenues and expenditures into the period in which they were incurred?

Where does QuickBooks get the billable time and costs information when you invoice for time and costs?

What does the Accounts Payable account track?

What is an effective way to restrict users from being able to change, delete, or add a transaction after reports have been run?

Why would you hide or collapse subaccounts on a report?

How do you add a new account to the Chart of Accounts from the Chart of Accounts window?

What is the principal of a loan?

You are setting up QuickBooks for the first time for a company that was established in 2001. During the Advanced/Detailed Setup, what should you enter as the start date?

What is the best way to record a sale when the customer pays at the time of the sale?

What are the main sections of the Profit and Loss report?

Only the administrator has the ability to do which of the following?

What account does QuickBooks use to temporarily hold payments you receive from customers before you create your bank deposit?

Which of the following accounts would likely be considered a long-term liability?

How can you display or print a batch or group of reports quickly?

When you collect payment on an invoice, QuickBooks automatically creates a journal entry that will do what?

What happens when you void an invoice?

Is it possible to merge two list entries?

Which account should you set up to pay owners or partners in your company?

You write a check through the Pay Bills screen to pay a previously entered invoice. What will QuickBooks automatically do?

Which accounts are affected when the timesheets function is used in QuickBooks to track employee hours?

When initially setting up a company through the Advanced/Detailed Setup, which information does QuickBooks require you to enter?

If you are tracking sales tax in QuickBooks, where will you find the reports needed to pay the taxing authorities?

For whom can you create a password during the Advanced/Detailed Setup?

How do you record a debit card purchase in QuickBooks?

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