Where can you enter class information for transactions?

a- List

b- Forms

c- Reports

d- All the above

2- Which of the following item should be set up as a non-inventory item?

a- An hour of consulting work

b- A shipment of baseball caps

c- Thread used by a seamstress

d- Tax to be charged for a certain jurisdiction

3- The fiscal year information can be set in the _____ window

a- Company Information

b- Preferences

c- Fiscal Info List

d- Accounting Periods

4- Which report displays how much you are holding for payroll deductions?

a- Payroll Liabilities Balances Report

b- Payroll Liabilities to Pay Report

c- Remit Payroll Liabilities Report

d- None of the above

5- In which list can you NOT set up a custom field?

a- Vendor

b- Employee

c- Item

d- Class

6- What transaction could you NOT record as a general journal entry?

a- A transfer of funds between classes

b- A transfer of funds between income accounts

c- The recording of adjusting entries

d- A record of a sale to a specific customer

7- Which report would you run to easily apply classes to unclassified transactions?

a- Profit & Loss by Class

b- Balance Sheet by Class

c- Class Change

d- Profit & Loss Unclassified

8- Which of the following is NOT a step you need to take to conduct job costing in QuickBooks?

a- Enter all job revenues and expenses

b- Create an estimate for the job

c- Use QuickBooks reports to analyze job data

d- Set up your data in the Customers& Jobs List

9- Which account is created so you can have a working balance sheet from the beginning?

a- Chart of Accounts

b- Checking

c- Opening Balance Equity

d- Any of the above