NAME KEY
QUICKBOOKS® 2014:
A COMPLETE COURSE
EXAM: CHAPTERS 8-9
TRUE/FALSE
ANSWER THE FOLLOWING QUESTIONS IN THE SPACE PROVIDED BEFORE THE
QUESTION NUMBER.
Setup; any changes to the preferences selected must be made by redoing
the EasyStep Interview.
must type in the name of every income and expense account you use.
Manual Calculations for withholding taxes for employee paychecks.
expense accounts.
Accounts is created during the EasyStep Interview.
separate check to the agency for each tax liability item.
paycheck detail.
EXAM KEY
2
QUICKBOOKS® 2014: A COMPLETE COURSE
liabilities are paid.
sheet heading is done the first time you complete a balance sheet.
distribute the correct amount of earnings to Vacation Salary once the
number of vacation hours has been entered.
manually.
checks for payment of the liabilities.
monthly to monthly.
for your company in QuickBooks.
MULTIPLE CHOICE
WRITE THE LETTER OF THE CORRECT ANSWER IN THE SPACE PROVIDED
BEFORE THE QUESTION NUMBER.
A. Close Uncategorized Income to Capital
B. Close Uncategorized Expenses to Capital
C. Both of the above
D. None of the above
EXAM CHAPTERS 8-9—KEY EXAM
3
A. as part of a voucher check
B. separately
C. only as an individual employee report
D. both A and B
A. Payroll & Employees Preferences
B. Employee List
C. Employee Center
D. all of the above
A. it lists accounts and amounts at the bottom of the screen
B. it provides a Payroll Summary and an option to view Paycheck Detail at
the bottom of the screen
C. changes are not allowed
D. once created, it may not be voided or deleted
.
A. during the EasyStep Interview
B. during the QuickBooks Payroll Setup
C. by clicking the Reports button at the bottom of the Employee List
D. on the Payroll Menu
A. General Ledger list
B. Charge Account list
C. Accounts Receivable Subsidiary Ledger
D. Sales list
A. EasyStep Interview
B. Payroll Tax Liabilities Report
C. Employee Center
D. none of the above
A. shows an amount of 0.00
B. has a memo of VOID
C. remains as part of the company records
D. all of the above
EXAM KEY
4
QUICKBOOKS® 2014: A COMPLETE COURSE
A. Leave button
B. Detailed Start button
C. Convert Data button
D. Begin button
A. Employee File
B. Employee Roster
C. Employee Center
D. Employee Ledger
A. immediately
B. at the end of the next payroll period
C. at the end of the quarter
D. after a W-2 has been prepared for the employee
vacation, and uses sick leave within the same pay period, QuickBooks
allocates the salary to .
A. Salary
B. Sick Salary
C. Vacation Salary
D. All the above
A. Employee
B. Checking
C. Payroll
D. Any of the above
A. create a separate check for each liability
B. automatically process a Payroll Liabilities report
C. consolidate liabilities paid and create one check for each vendor
D. prepare any tax return forms necessary
A. by clicking Company Info icon
B. by customizing the business form
C. by changing Reports & Graphs preferences
D. by accessing the QuickBooks Setup
EXAM CHAPTERS 8-9—KEY EXAM
5
A. at the end of a pay period
B. at the end of the week
C. at the end of the month
D. at any time
A. The EasyStep Interview
B. The Payroll Setup
C. QuickBooks Help
D. Employee Items
provided for during the QuickBooks Setup.
A. employees
B. customers
C. vendors
D. none of the above
account are called .
A. dependent accounts
B. subaccounts
C. mini-accounts
D. secondary accounts
A. a list of payroll items for hourly wages and salary
B. a list of federal payroll tax items and amounts
C. a list of state payroll tax items and amounts
D. all of the above
FILL-IN
IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY
COMPLETES THE SENTENCE.
42. When the Employee Center is on the screen, the keyboard shortcut used to add a
information for earnings, withholding, and payroll liabilities to be entered for the
year-to-date.
44. When all opening balances have been entered for a new company, the balances for
at once.
48. The reports that show an employee’s gross pay, sick and vacation hours and pay,