31.

Which of the following is not true regarding memorized transactions?

Select one:

a. You can recall a memorized transaction at the appropriate time to record it.

b. QuickBooks can automatically record the transaction on certain dates.

c. To memorize a transaction, you must first set it up as a regular transaction, and then before saving it, set it up as a memorized transaction.

d. To recall a memorized transaction, click Banking on the Main Menu bar and then click Write Checks from the drop-down menu.

Question 32

Question text

Which of the following statements is incorrect?

Select one:

a. After saving a customized invoice, it will not appear in the Template field.

b. QuickBooks allows you to indicate the order in which the fields appear.

c. After creating a new format for an invoice, you can review previous invoices and apply the new format.

d. QuickBooks allows you to indicate which fields of information you wish to have displayed in both the Create Invoices window and on the printed invoice.

Question 33

Question text

Which of the following statements is incorrect?

Select one:

a. At the beginning of the new fiscal year, QuickBooks transfers the net income for the previous fiscal year into an Owner's Equity system default account.

b. In QuickBooks, as in a manual system, the accounting records must be closed at the end of the fiscal year.

c. If you wish to continue with a company file in the new fiscal year, but do not want to carry forward the prior fiscal year activities into the new fiscal year, QuickBooks provides a utility called Condense Data.

d. At the beginning of the new fiscal year, QuickBooks begins all revenue and expense accounts with a zero balance, so the net income for the new fiscal year can be accumulated.

Question 34

Question text

Which of the following statements is not true?

Select one:

a. In QuickBooks you can preview and print invoices that can be sent to customers.

b. Once you have saved a transaction in the Create Invoices window, you cannot change the template originally associated with it.

c. QuickBooks provides several pre-established invoices based on templates.

d. QuickBooks allows you to change the display of the Create Invoices window and the printed invoice based on information entered in the Create Invoices window.

Question 35

Question text

Which of the following statements is true?

Select one:

a. All of the choices are correct.

b. You can customize both the Create Invoices window and the printed invoice so that all detailed information is adequately displayed.

c. By changing the default settings in the Create Invoices window, you can display more of the important information.

d. QuickBooks allows you to change the default settings of activities windows as well as those of a document that can be printed because of data entered in the windows.

Question 36

Question text

Which of the following statements regarding the Report Center is false?

Select one:

a. If you share a template, the format and the financial data are both shared.

b. It allows you to memorize reports, save favorites, and review recent reports.

c. Customized report templates that can be shared among QuickBooks users are located under the Contributions tab.

d. It provides the same choices of reports that appear on the Reports menu.

Question 37

Question text

Which of these statements is false?

Select one:

a. If a preference is enabled, you cannot remove the icon from the Home page.

b. By default, the Home page is not displayed.

c. The Home page displays icons for certain tasks and also the workflow of related tasks.

d. As preferences are enabled, choices appear on the drop-down menus on the main menu bar and on the Home page.

Question 38

Question text

Which statement is incorrect regarding the icon bar?

Select one:

a. Changes made to the icons on the Left Icon bar are carried over to the Top Icon bar.

b. Either the Left or Top Icon bar can be hidden from view by clicking View on the Main Menu bar and then clicking Hide Icon Bar.

c. There are four sections of the Left Icon bar: Search, Content, Categories, and COVID-19 Resources/Do More With QuickBooks.

d. Adding, editing, or deleting icons on an icon bar is the same as changing preferences.

Question 39

Question text

You can create a custom field for a customer by clicking the Define Fields button on the __________ tab of the Edit Customer window.

Select one:

a. Additional Info

b. Address Info

c. Job Info

d. Payment Settings

Question 40

Question text

You can create your own invoice by

Select one:

a. selecting the Reports tab in the Create Invoices window.

b. typing a new invoice on the Formatting tab of the Create Invoices window.

c. making a copy of an existing QuickBooks template and then customizing the copy.

d. using the Customize Report button in the Open Invoices report.