Answers to Pop quiz

Chapter 1: Getting Started with GnuCash

Pop quiz – understanding accounts

Both transactions and sub-accounts

Pop quiz – understanding account types and hierarchies

1. Debit Card

2. Asset, Liability, Equity, Expenses and Income

3. No

Chapter 2: Transactions – the Lifeblood of a Business

Pop quiz – understanding transactions

1. They must be equal to each other

Pop quiz – navigating GnuCash

1. Account register window

2. Using the Close button

Pop quiz – understanding transactions

1. True

2. Only from the account register.

Pop quiz – using shortcuts to speed up bookkeeping

1. Ex:Au:Re

2. M

Pop quiz – viewing the account register

1. View Double Line

Chapter 3: Fun and eye-opening part - Reports and charts

Pop quiz – viewing standard reports

1. Account Report and Account Transaction Report

Pop quiz – customizing a report

1. Click on the Reload button.

Pop quiz – creating stylesheets

1. From the menu select Edit | Style Sheets.

Pop quiz – saving exported reports

1. .html

Chapter 4: How not to get lost in the transactions jungle

Pop quiz – reconciling with a bank statement

1. Ending balance from my bank statement.

2. The transactions that appear on the bank statement.

Pop quiz – reconciling with an electronic statement

1. Fixed width

2. Will add the transaction as new.

Pop quiz – changing the account to import into

1. The account that you previously selected as the account to import into by mistake.

Chapter 5: Repetitive work? Let GnuCash do it

Pop quiz – creating a recurring transaction

1. Select Frequency Semi-Monthly.

Pop quiz – triggering scheduled transactions

1. In the Overview tab of Edit Scheduled Transaction window, check Notify me when created.

Pop quiz – using the Scheduled Transaction Editor

1. Set the Start Date in the Frequency tab of the Edit Scheduled Transaction window.

2. phonebill

Chapter 6: Business Mantra: Buy Now, Pay Later

Pop quiz – adding customers and creating invoices

1. Company Name matches regex .(dot)

Pop quiz – choosing an account

1. Process payment.

Pop quiz – keeping track of credit purchases

1. Unpost

Chapter 7: Budget: Trip Planner for your Business

Pop quiz – creating a new budget

1. Actions | Budget | New Budget

2. Select "Every 3 month(s)"

Pop quiz – calculating payroll

1. A liability of the business to be paid to the government later.

2. Account Type "Liability" and Parent Account "Liabilities".

Pop quiz – charging depreciation on capital assets

1. An expense account.

Pop quiz – setting up a Drawing account

1. Equity account

Chapter 8: Making Tax Times Less Stressful

Pop quiz – filing tax returns

1. 1065

2. TXF

Pop quiz – exporting income tax data

1. Reports | Tax Schedule Report & TXF Export. Then click on the toolbar button Export.

Pop quiz – setting up tax tables

1. Any number

Pop quiz – applying tax tables to invoices

1. No

Chapter 9: Printing Checks and Finding Transactions

Pop quiz – filtering transactions

1. By amount range

Pop quiz – printing date format in a check

1. Account Register window

Pop quiz – editing account codes

1. Open Subaccounts window

Pop quiz – calculating mortgage payment

1. Future value

Chapter 10: Adapting GnuCash for Non-profits and Personalizing

Pop quiz – creating a separate account for an event or a project

1. New top level account

Pop quiz – setting your preferences

1. From the GnuCash Preferences dialog Reports tab.

Pop quiz – creating a backup

1. The main accounts file the .gconf folder and the .gnucash folder.

Chapter 11: Data Import/Export: Use your Phone to Enter Expenses

Pop quiz – separating transactions by type of payment

1. Create separate files for each type of payment.

Pop quiz – importing a CSV file

1. Withdrawal

Pop quiz – format suitable for creating accounts

1. QIF

Pop quiz – creating a Transaction Report with all of the transactions

1. In the Report Options dialog, in the General tab, select Start Date the same as your earliest transaction or earlier and the End Date the same as your last transaction or later.

Chapter 12: Application Integration and Other Advanced Topics

Pop quiz – GnuCash default data format

1. Xml

Pop quiz – understanding GnuCash fields

1. Splits

Pop quiz – contact info stored in GnuCash

1. LinkedIn username

2. Twitter username

Pop quiz – entering exchange rate

1. From the menu select Actions | Enter Exchange Rate.

Pop quiz – finding all jobs

1. matches regex and a (.) dot.