Question 1

Each sign-in may be authenticated by:

Accepted Answer

A) Manage users. 
B) IP address. 
C) Internal control. 
D) Defaults. 
E) None of these. 
A) Manage users. 
B) IP address. 
C) Internal control. 
D) Defaults. 
E) None of these. B

Question 2

Multi-factor authentication requires a:

Accepted Answer

A) Vendor purchase. 
B) Confirmation code. 
C) Customer receipt. 
D) Chart of Accounts. 
E) None of these. 
A) Vendor purchase. 
B) Confirmation code. 
C) Customer receipt. 
D) Chart of Accounts. 
E) None of these. B

Question 3

When changes are made, this type of message may appear on QBO page(s):

Accepted Answer

A) FYI. 
B) Updates. 
C) QBO blog and archive. 
D) Create menu. 
E) All of these. 
A) FYI. 
B) Updates. 
C) QBO blog and archive. 
D) Create menu. 
E) All of these. B

Question 4

__________ gives the professor access to your account.

Accepted Answer

A) The dashboard. 
B) Client selection. 
C) Invite Accountant. 
D) QBO access is not assignable. 
E) None of these. 
A) The dashboard. 
B) Client selection. 
C) Invite Accountant. 
D) QBO access is not assignable. 
E) None of these.

Question 5

Using a subscription model, this is a way of delivering applications over the Internet.

Accepted Answer

A) Software as a Service. 
B) Windows computers. 
C) Macintosh computers. 
D) IP addresses. 
E) All of these. 
A) Software as a Service. 
B) Windows computers. 
C) Macintosh computers. 
D) IP addresses. 
E) All of these.

Question 6

Software as a service and cloud computing are alike.

Accepted Answer

A) True 
 B)False

Question 7

Retained earnings is a View register account.

Accepted Answer

A) True 
 B)False

Question 8

QuickBooks Online automatically sets up a chart of accounts.

Accepted Answer

A) True 
 B)False

Question 9

This term refers to a business owner's ability to regularly check fraud prevention procedures.

Accepted Answer

A) Business processes. 
B) Generally accepted accounting principles. 
C) Keyboard shortcuts. 
D) Internal control. 
E) All of these. 
A) Business processes. 
B) Generally accepted accounting principles. 
C) Keyboard shortcuts. 
D) Internal control. 
E) All of these.

Question 10

View register accounts appear on the Profit & Loss report.

Accepted Answer

A) True 
 B)False

Question 11

The name of the company set up in Chapter 2 is:

Accepted Answer

A) QuickBooks Online. 
B) Cloudware. 
C) QBO_Student Name. 
D) Saas. 
E) None of these. 
A) QuickBooks Online. 
B) Cloudware. 
C) QBO_Student Name. 
D) Saas. 
E) None of these.

Question 12

Refers to software that is built, installed, delivered, and accessed entirely from remote web servers.

Accepted Answer

A) Cloudware. 
B) Software. 
C) Hardware. 
D) Google docs. 
E) All of these. 
A) Cloudware. 
B) Software. 
C) Hardware. 
D) Google docs. 
E) All of these.

Question 13

A list of all the changes that have been made to the company data and by whom.

Accepted Answer

A) Settings menu. 
B) Navigation bar. 
C) Business processes. 
D) Audit log. 
E) All of these. 
A) Settings menu. 
B) Navigation bar. 
C) Business processes. 
D) Audit log. 
E) All of these.

Question 14

On the Chart of Accounts, the Run report accounts appear on the Balance Sheet.

Accepted Answer

A) True 
 B)False

Question 15

Another name for the Chart of Accounts is:

Accepted Answer

A) Balance Sheet. 
B) Trial Balance. 
C) Account List. 
D) Profit and Loss. 
E) All of these. 
A) Balance Sheet. 
B) Trial Balance. 
C) Account List. 
D) Profit and Loss. 
E) All of these.

Question 16

The QBO Chart of Accounts automatically sets up the appropriate account numbers.

Accepted Answer

A) True 
 B)False

Question 17

Each time you sign into QBO, the software is the most current version which means some of the screens may change.

Accepted Answer

A) True 
 B)False

Question 18

The Dashboard always includes updated message.

Accepted Answer

A) True 
 B)False

Question 19

When batch edit is selected, the Chart of Accounts includes a number field so that numerous account numbers can be added.

Accepted Answer

A) True 
 B)False

Question 20

When setting up your company, use a valid email address.

Accepted Answer

A) True 
 B)False

Each sign-in may be authenticated by:

Multi-factor authentication requires a:

When changes are made, this type of message may appear on QBO page(s):

__________ gives the professor access to your account.

Using a subscription model, this is a way of delivering applications over the Internet.

Software as a service and cloud computing are alike.

Retained earnings is a View register account.

QuickBooks Online automatically sets up a chart of accounts.

This term refers to a business owner's ability to regularly check fraud prevention procedures.

View register accounts appear on the Profit & Loss report.

The name of the company set up in Chapter 2 is:

Refers to software that is built, installed, delivered, and accessed entirely from remote web servers.

A list of all the changes that have been made to the company data and by whom.

On the Chart of Accounts, the Run report accounts appear on the Balance Sheet.

Another name for the Chart of Accounts is:

The QBO Chart of Accounts automatically sets up the appropriate account numbers.

Each time you sign into QBO, the software is the most current version which means some of the screens may change.

The Dashboard always includes updated message.

When batch edit is selected, the Chart of Accounts includes a number field so that numerous account numbers can be added.

When setting up your company, use a valid email address.

Quickbooks Online Test-Drive

Beginning Balances and October Transaction Register

Vendors and Inventory

Customers and Sales

December Source Documents

Analysis and Reportsend of Fourth Quarter and Year

January Source Documents

February Source Documents

March Source Documents and End of First Quarter

Employees and Payroll

Certification, Customize Reports, Qb Labs, Mobile App and Updates

Filters

Exam 2: New Company Setup and the Chart of Accounts

Each sign-in may be authenticated by:

Multi-factor authentication requires a:

When changes are made, this type of message may appear on QBO page(s):

__________ gives the professor access to your account.

Using a subscription model, this is a way of delivering applications over the Internet.

Software as a service and cloud computing are alike.

Retained earnings is a View register account.

QuickBooks Online automatically sets up a chart of accounts.

This term refers to a business owner's ability to regularly check fraud prevention procedures.

View register accounts appear on the Profit & Loss report.

The name of the company set up in Chapter 2 is:

Refers to software that is built, installed, delivered, and accessed entirely from remote web servers.

A list of all the changes that have been made to the company data and by whom.

On the Chart of Accounts, the Run report accounts appear on the Balance Sheet.

Another name for the Chart of Accounts is:

The QBO Chart of Accounts automatically sets up the appropriate account numbers.

Each time you sign into QBO, the software is the most current version which means some of the screens may change.

The Dashboard always includes updated message.

When batch edit is selected, the Chart of Accounts includes a number field so that numerous account numbers can be added.

When setting up your company, use a valid email address.

Quickbooks Online Test-Drive

Beginning Balances and October Transaction Register

Vendors and Inventory

Customers and Sales

December Source Documents

Analysis and Reportsend of Fourth Quarter and Year

January Source Documents

February Source Documents

March Source Documents and End of First Quarter

Employees and Payroll

Certification, Customize Reports, Qb Labs, Mobile App and Updates

Filters