Accounting 120 - Computerized Accounting Systems » Fall 2022 » Ch 11_14 Quiz
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Question #1
Which tax form would you select for a Subchapter S corporation?
A.
Form 1040
B.
Form 1040S
C.
Form 1120
D.
Form 1120S
Question #2
Which tax form would you select for a Corporation?
A.
Form 1120
B.
Form 1065
C.
Form 1040S
D.
Form 1120S
Question #3
To create a new company data file in QuickBooks, use the:
A.
File Menu > Open or Copy Company
B.
File Menu > New Company
C.
Company section of the Home Page > New Company
D.
Company Menu > New Company
Question #4
When setting up a new company, QuickBooks automatically creates:
A.
None of the choices are correct
B.
Vendors List
C.
Customers List
D.
Chart of Accounts
Question #5
To edit an account in the Chart of Accounts:
A.
From the Chart of Accounts window > Account > Edit Account
B.
From the Company Menu > New Account
C.
From the Chart of Accounts window > Account > New Account
D.
From the Company Center > Edit Chart of Accounts
Question #6
Which icon does not appear in the Vendors section for service companies that do not sell inventory?
A.
Pay Bills
B.
Enter Bills
C.
Purchase Orders
D.
All of the choices are correct
Question #7
To display account numbers in the Chart of Accounts, select:
A.
Edit > Options
B.
Company > Accounts
C.
Company > Preferences
D.
Edit > Preferences
Question #8
The Vendors List contains information about:
A.
All of the choices are correct
B.
Addresses, contacts and phone numbers of customers
C.
Addresses, contacts and phone numbers for suppliers
D.
Quantities and prices of items on hand
Question #9
The Customers List contains information about:
A.
Customer addresses, contacts and phone numbers
B.
The quantity of non-inventory parts on hand
C.
Vendors from whom the company buys products and services
D.
The credit rating of the vendors
Question #10
Which tax form would you select for a Partnership?
A.
Form 1120
B.
Form 1065
C.
Form 1040S
D.
Form 1120S
Question #11
An accounting firm is an example of a ________ company.
A.
Manufacturing
B.
Product-based business
C.
Service
D.
Retail Shop
Question #12
When you place an order for items from a vendor, which one of the following QuickBooks forms would you use?
A.
Receive Inventory
B.
None of the choices are correct
C.
Purchase Order
D.
Create Invoice
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