QuickBooks Chapter 9 Test Exam Questions and Answers
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Course
Quickbooks online
Institution
Quickbooks Online
False - Answer-You can create estimates for jobs but NOT customers
False - Answer-If you will perform only one job for a customer, you must create a job for that customer to track costing information
True - Answer-QuickBooks allows you to create multiple estimates for a single customer or job...
QuickBooks Chapter 9 Test Exam
Questions and Answers
False - Answer-You can create estimates for jobs but NOT customers
False - Answer-If you will perform only one job for a customer, you must create a job for
that customer to track costing information
True - Answer-QuickBooks allows you to create multiple estimates for a single customer
or job
True - Answer-You can create a progress invoice for just a single item
True - Answer-Funds sold as a gift certificate are considered unearned income
True - Answer-QuickBooks can calculate finance charges due based on preferences
you set
True - Answer-The Time by Job Summary report shows the number of hours spent on
each job being tracked
True - Answer-The timer feature is used for timed activities on the current day only
False - Answer-Mileage tracking is done so you can reimburse employees for their
commutes to/from work
False - Answer-All versions of QuickBooks include access to the full list of jobs reports
True - Answer-The standard job, time, and mileage tracking reports can be customized
Job - Answer-If you have multiple projects for a customer, each project should be set up
as a separate:
All of these options - Answer-What does the Tome Tracking feature allow you to do?
- Track time for subcontractors
- Invoice customers for the number of hours worked
- Record single activities for a customer or job
Job Costing - Answer-What QuickBooks feature helps you determine the profitability of
each job in order to create future estimates?
All of these options - Answer-Which of these is an option with progress invoicing?
- Invoice for the full estimate
- Invoice for a percentage of the full estimate
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