Which of the following tasks can you perform using the Fixed Asset Item List? Please select the best answer. A. Calculate depreciation and post automatically B. Post general journal entries C. Enter asset names, serial numbers, and acquisition date D. All the above To find entries posted before the clients closing date youll do what? A. Use the bank register B. User the Audit trail report C. Use the Closing date exception report D. None of the above Your client makes food products that are sold fresh every day. They sell everything, and any left overs are donated. Which type of item should be used to track the sales of the food products? Choose the best answer. A. Assembly items B. Inventory parts C. Service D. Non-inventory parts Which of the following is a good use of the customer type field? Choose the best answer. A. Graphic arts - to track the type of work performed B. Non-Profit to track the types of donors C. Accounting Firms to track the profit and loss for specific parts of the firm D. Construction to track the different types of services provided What is the most efficient way to enter historical data in QuickBooks? Choose the best answer. A. Import using .IIF files B. Use the Accountant Edition feature Enter Batch Transactions C. Enter each transaction from scratch D. None of the above To easily make entries in your client files you can do which of the following? Choose the best answer. A. Use the QuickBooks Accountant Edition, Send General Journal Entries feature B. Send them via fax C. Send a Backup copy D. Send them via email To create a custom price list for a customer, youll do which of the following? A. Use Price Levels B. Set up a special item for tracking prices C. Use the discount item D. None of the above Your clients store is flooded, and their inventory is damaged. Youll do which of the following in QuickBooks to account for the damaged inventory? A. Credit memo B. Inventory Adjustment C. Journal Entry D. All the Above Pressing CTRL + W at the same time is a shortcut in QuickBooks to display what? A. Enter Bills B. Banking report C. Write Cheques D. Invoice Pressing ESC does what in QuickBooks? A. Closes QuickBooks B. Closes the open window in QuickBooks C. Deletes the transaction D. None of the above To merge duplicate list entries, youll do which of the following? A. Change the duplicate name to the exact same name as the list item you want to keep and save the item. Click OK to the message to merge the names. B. Delete an entry and then re-enter the list item. C. Drag and drop the duplicate name to the existing entry to merge the names. D. Click the merge button on the duplicate entry. The most efficient way to create invoices for your client is to use which feature? A. Duplicate invoices B. Create invoices using the Customer menu C. Enter Batch Invoices D. Create Estimate > Convert to invoices To copy the setup of an existing company file you can use which feature? A. Copy the file and delete information B. Copy and paste the information into the new file C. Make backup and restore D. Click File > New Company from Existing Company File To manually close an estimate youll do which of the following? A. Click Customer > Close Estimate B. On the estimate > select Mark as Inactive C. You must convert all items to the invoice D. None of the above The best report to find the most comprehensive information about inventory item is? A. Item Quick Report B. Inventory Stock Status by Item C. Product detail report D. Transaction list by Serial Number The best way to enter a sale where the payment is received at the same time is what transaction? A. Sales Receipt B. Estimate C. Sales Order D. Invoice Which is NOT a good use of the journal entry in QuickBooks? A. To correct incorrect postings in QuickBooks B. Entering depreciation on fixed assets C. To enter transactions instead of using QuickBooks transaction forms D. For year-end adjustments To change the view of QuickBooks to view multiple windows, youll use which menu? A. View menu B. Window menu C. Help menu D. File menu