1. you need to create a new company file. to save time, you want to keep all the lists and preferences from the old company file and just delete the transactions. how do you set up this?

A. create a new company and select copy settings from another company in an easy step interview.

B. click the file menu and select utilitues>condense data from the menu. then choose the all transaction option.

C. you can't do this in QB

D. click the edit drop-down menu and select delete all transactions.

2. you sent a sales report to excel and made some changes. select the choice that is true abount importing the changes back into QB.

A. the formulas or calculations you entered in excel are imported as values only.

B. use the import from excel wizard to complete this process and avoid errors.

C. QB supports only a few statistical functions from excel(eg: sum)

D. changes made to formulas or transaction details in excel cannot be imported into QB to change your existing QB transaction/report details.

3. which statement is not true regarding items?

A. when you purchase or sell an item, the value of the purchase or sale flows to the specified account you selected when you set up the item.

B, items let you set up default sales and purchase prices for the products and services you sell.

C. you can change the description and price associated with an item on individual sales and purchase transactions.

D. QB requires the use of items when recording a check.

4. when setting up a new service item, which action will allow you to use that item on purchase forms, such as purchase orders, checks, and bills?

A. mark the item as billable

B. check this service is used in assembiles or is performed by a subcontractor or partner and then choose an expense account to associate with the item.

C, in the preferred vendor field, enter the vendor that you'll eventually use on the purchase order, check, or bill.

D. you don't need to do anything. all service items can be used on purchase orders, checks, and bills without any special actions.