QuickBooks Test 2: Questions

QuickBooks Test 2: Questions &

Answers

In QuickBooks, what is the meaning of 2% 15 Net 30?

• 2% less amount if paid within 15 days and thereafter invoice amount till

30 days

• 2% more amount if paid within 15 days and thereafter invoice amount till

30 days

• 2% discount if paid within 15 days and 2% more thereafter till 30 days
• 2% discount if paid within 30 days

(Ans - A

In Quickbooks, we can create Inventory Assembly Item in

• Pro & Premier
• Enterprise Solutions & Contractor Edition
• Pro & Enterprise Solutions
• Premier & Enterprise Solutions

(Ans - D

Who can change the Company Preferences in Quickbooks

• Chairman of the Company
• Accounting Department Head
• Any user registered in the file
• Quickbooks Administrator

(Ans - D

What is the right Item Type for Delivery Charges?

• Payment
• Service 1 / 2

• Discount
• Other Charge

(Ans - D

How do you know in Quickbooks, if the invoice was paid?

• Check in the Customer Center
• Open the Invoice and see if 'PAID' stamp is available
• Check Bank Register
• Phone the Customer

(Ans - B

What is the Function of a Sub-Item?

• Makes Quickbooks complex
• Makes Quickbooks glamorous
• To take the income to two head of income
• To track more detail in sales

(Ans - D

Which form does not update the Inventory in Quickbooks

• Credit Card Charge
• Bill
• Purchase Order
• Item Receipt

(Ans - C

You need to pay Sales Tax and Local County Tax etc. In this scenario which type of item would you use?

• Sales Tax Item
• Sales Tax Group Item
• Sub Total Item
• Group Item(Ans - B
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