QuickBooks Fundamentals Practice Test
19. If a wood door costs $120.00 and you set the rounding option to 1.00 minus .11, what
price would appear on an invoice for the wood door?
A) $120.00
B) $120.89
C) $119.89
D) $119.11
20. QuickBooks allows you to print deposit slips that you can take to the bank.
A) True
B) False
21. When you make a payment (from the checking account) in the Pay Bills window, you can
see the transactions in the checking and accounts payable registers.
A) True
B) False
22. You paid a vendor $1,000 through the Pay Bills window (using the Checking account).
QuickBooks automatically creates a journal entry that
A) Deletes the bill.
B) Shows $1,000 as a Credit in Accounts Payable and shows $1,000 as a Debit in the Checking
account.
C) Shows $1,000 as a Debit in Accounts Payable and shows $1,000 as a Credit in the Checking
account.
D) Shows $1,000 as a Debit in Accounts Payable and shows $1,000 as a Credit in the Accounts
Receivable.
23. In which report category would you find the list of open invoices?
A) Company & Financial
B) Sales
C) Customers & Receivables
D) List
24. Forms, lists and registers are the three main ways you enter data in QuickBooks.
A) True
B) False