Accounting Software (e.g., QuickBooks, Xero) MCQs

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1. What is the primary purpose of accounting software?



2. QuickBooks is primarily used for:



3. Xero is an example of:



4. Which of the following is a key feature of QuickBooks?



5. Which accounting software is cloud-based?



6. Which document is typically generated using accounting software?



7. Which feature in QuickBooks helps track unpaid invoices?



8. Which module in accounting software handles employee salaries?



9. The Chart of Accounts refers to:



10. Which of the following can be automated using QuickBooks?



11. Which feature in Xero allows automatic bank transaction updates?



12. QuickBooks and Xero can generate which financial statement?



13. Which feature allows you to match transactions in the bank account with accounting records?



14. What does the inventory module help track?



15. Which accounting software feature is used for recording sales transactions?



16. Which of the following is NOT an accounting software?



17. What is required to use cloud-based accounting software?



18. Which feature in QuickBooks simplifies payroll tax calculation?



19. Which feature provides a summary of financial performance?



20. The Trial Balance report helps to:



21. Which QuickBooks plan is suitable for small businesses?



22. In Xero, which report shows the company’s profitability?



23. Which feature allows recurring transactions to be automatically recorded?



24. Which feature helps in keeping records of unpaid bills in Xero?



25. What is a “dashboard” in accounting software?



26. Which accounting software allows integration with third-party apps?



27. Accounting software simplifies compliance with:



28. Which of the following is a benefit of cloud-based accounting software?



29. The main use of the “Contacts” feature in Xero is to manage:



30. Accounting software like QuickBooks generates which of the following?



31. Which of the following transactions can be recorded in QuickBooks?



32. What does “Accounts Payable” represent?



33. Which report shows a list of outstanding invoices?



34. What is the benefit of automated bank feeds in accounting software?



35. Which of the following is a common integration for accounting software?



36. Which document can be generated for customer purchases?



37. Which QuickBooks feature helps track income by department or category?



38. Who is the main user of accounting software?



39. In Xero, how are expenses tracked?



40. The main advantage of cloud-based accounting is:



41. Which of the following is a tax compliance feature in Xero?



42. What feature of accounting software ensures only authorized users can access sensitive data?



43. Which report would help you know how much a customer owes you?



44. Which of the following is a subscription-based accounting software?



45. A bank reconciliation statement is used to:



46. Which feature in QuickBooks helps track business expenses?



47. Xero’s mobile app allows users to:



48. The “audit trail” in accounting software refers to:



49. QuickBooks allows you to import transactions from:



50. Which of the following is an expense recorded in accounting software?