Question

MULTIPLE CHOICE QUESTIONS FOR INTUIT QUICKBOOKS DESKTOP

1. What is the keyboard shortcut to open the Create Invoices form?
   1. Ctrl + C
   2. Ctrl + I
   3. Alt + C
   4. Ctrl + V

2. Which form should be used to record customer payments on a previously entered invoice?
   1. Sales Receipt
   2. Sales Deposits
   3. Invoice Payments
   4. Receive Payments

3. When a customer payment amount is entered, how is the amount applied to outstanding invoices by default?
   1. Spread evenly among all invoices
   2. Applied to the most recent invoice first
   3. Applied to the oldest invoice first
   4. Applied to the largest invoice first

4. Which Deposit To account should be selected in the Receive Payments form if the cheque will be held for deposit later?
   1. Undeposited Funds
   2. Bank Chequing
   3. Funds on Hold
   4. Bank Deferral

5. Which of the following could be changed on the deposit form for a recorded bank deposit?
   1. Account for deposit
   2. Customer name
   3. Deposit amount
   4. Customer account

6. Which report should be printed and included with the deposit when it is taken to the bank?
   1. Customer Deposit Detail
   2. Deposit Slip
   3. Deposit Summary
   4. Bank Statement

7. Which of the following represents the transaction created when an NSF cheque is recorded?
   1. Increase Bank Chequing

Decrease Accounts Receivable

2. Increase Accounts Payable

      Decrease NSF Expense

3. Increase NSF Expense

Decrease Accounts Payable

4. Increase Accounts Receivable

Decrease Bank Chequing

8. By default, the Accounts Receivable Aging Summary Report is sorted by:
   1. Amount due
   2. Customer name
   3. Invoice number
   4. Date due

9. What is the default aging interval for customer accounts?
   1. 60 days
   2. 90 days
   3. 30 days
   4. 180 days

10. Which report shows the invoices that are overdue as of a specific date, along with the contact name and phone number for each customer?
    1. Customer Aging Detail Report
    2. Collections Report
    3. Open Invoices Report
    4. Customer Balances Detail Report

SHORT ANSWER REVIEW QUESTIONS

1. What is the Customer Centre?

2. Why would a business wait to print invoices in batches instead of printing them as they are created?

3. What is an NSF cheque?

4. Why would terms of sale be changed for a customer who paid with an NSF cheque?

Answer 1

1. Keyboard shortcut to open the Create Invoices form

Ans - Option B Ctr + I

2. Which form should be used to record customer payments on a previously entered invoice

Ans. - d. Receive Payments

3. When a customer payment amount is entered, how is the amount applied to outstanding invoices by default

Ans - b. Applied to the most recent invoice first

4. Which Deposit To account should be selected in the Receive Payments form if the cheque will be held for deposit later?

Ans - a. Undeposited Funds

5. Which of the following could be changed on the deposit form for a recorded bank deposit?

Ans - a. Account for deposit

6. Which report should be printed and included with the deposit when it is taken to the bank?

Ans - a. Customer Deposit Detail

7. Which of the following represents the transaction created when an NSF cheque is recorded?

Ans. - a. Increase Bank chequing

Decrease Account Receivable

8. By default, the Accounts Receivable Aging Summary Report is sorted by:

Ans. - b. Customer name

9. What is the default aging interval for customer accounts?

Ans - c. 30 days

10. Which report shows the invoices that are overdue as of a specific date, along with the contact name and phone number for each customer?

11. Which report shows the invoices that are overdue as of a specific date, along with the contact name and phone number for each customer?

Ans - b Collections Report.

12. What is the Customer Centre?

Ans. It is a Quick book pro functionality. The Customer Center is where detailed information regarding customers and the respective jobs that we are performing on their behalf. We can add or remove various columns in Customer Center based on our business needs.

13. Why would a business wait to print invoices in batches instead of printing them as they are created?

ANs - There is a print option in Quick book which is print later. It saves a lot of time consumed while printing every invoice after entering it into the system. When we mark invoice as Print later, then multiple invoice can be printed in batch. We can select the invoice which we want to print by selecting while printing.

14. What is an NSF cheque?

Ans. Non-sufficient funds cheque are those cheques which cannot be present in bank due to insufficient funds are available in the account on which the instrument will be drawn. In a business transactions it happens many time when customer given a cheque but due to non availability of fund in his account he instruct not to present the cheque immidiately in bank.

15. Why would terms of sale be changed for a customer who paid with an NSF cheque?

Ans - Dont the answer .