Lesson 1

Lesson 1
Introducing QuickBooks Pro
Name: _______________________________________
Class: _______________________________________
Date: _______________________________________
True/False Questions
1. A manufacturing business is the ideal type of business for QuickBooks Pro.
a. True
b. False
2. In QuickBooks, if you learn how to use one version, you can switch to a different version with relative ease.
a. True
b. False
3. Data entry is the same in QuickBooks whether you use accrual or cash basis accounting.
a. True
b. False
4. The cash basis of accounting is commonly used by small businesses that are not publicly traded.
a. True
b. False
5. A backup file is smaller than a portable company file of the same company.
a. True
b. False
6. Once it is displayed, you cannot hide the icon bar.
a. True
b. False
7. You should always back up your company file to an alternate location, not on the same computer where the original file is located.
a. True
b. False
8. The QuickBooks release number can be found in the Product Information window.
a. True
b. False
9. A USB drive should never be used to backup company file data. USB drives should only be used to transfer data from one computer to another within the company.
a. True
b. False
Multiple Choice Questions
10. QuickBooks SimpleStart, QuickBooks Pro, and QuickBooks Premier are all types of _____.
a. QuickBooks versions
b. QuickBooks editions
c. QuickBooks volumes
d. QuickBooks sections
11. What type of task assists you in storing information about customers, vendors, and employees?
a. List
b. Activities
c. Company setup
d. Reports
12. What accounting method is typically used by businesses with large inventories?
a. Cash basis
b. Accrual basis
c. Both a and b
d. None of the above
13. What does “behind the scenes” mean in this QuickBooks textbook?
a. There is a second set of books
b. The accounting that QuickBooks performs for you
c. The underlying lists and activities
d. All of the above
14. What is the act of decompressing