Question 1

To go to the Settings menu, use this icon:

Accepted Answer

A) Question mark. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) All of these. 
A) Question mark. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) All of these. B

Question 2

When you sign out of the test drive, your data is:

Accepted Answer

A) Saved. 
B) Not saved. 
C) Exports to Excel. 
D) Saved as PDF file. 
E) All of these. 
A) Saved. 
B) Not saved. 
C) Exports to Excel. 
D) Saved as PDF file. 
E) All of these. B

Question 3

QuickBooks Online updates:

Accepted Answer

A) Automatically. 
B) Never. 
C) Every time you sign in and sign off. 
D) At the end of the quarter. 
E) All of these. 
A) Automatically. 
B) Never. 
C) Every time you sign in and sign off. 
D) At the end of the quarter. 
E) All of these. A

Question 4

To see recent transactions, use this icon:

Accepted Answer

A) Question mark. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) None of these. 
A) Question mark. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) None of these.

Question 5

Another name for the Profit and Loss report is the Income Statement.

Accepted Answer

A) True 
 B)False

Question 6

The balance sheet lists what you own (assets), what your debts are (liabilities), and what you've invested (equity).

Accepted Answer

A) True 
 B)False

Question 7

The Dashboard is the central place for getting an overview of the company.

Accepted Answer

A) True 
 B)False

Question 8

Each time you start the test-drive, a new session begins.

Accepted Answer

A) True 
 B)False

Question 9

The link between the user and the software is called the:

Accepted Answer

A) Chart of Accounts. 
B) General Ledger. 
C) Navigation bar. 
D) User interface. 
E) All of these. 
A) Chart of Accounts. 
B) General Ledger. 
C) Navigation bar. 
D) User interface. 
E) All of these.

Question 10

To sign into the test-drive, use a web browser.

Accepted Answer

A) True 
 B)False

Question 11

To create transactions, use this icon:

Accepted Answer

A) Apps. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) All of these. 
A) Apps. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) All of these.

Question 12

Accounts are used to classify transaction information for:

Accepted Answer

A) Additional detail. 
B) Trial Balance. 
C) Reporting purposes. 
D) Cost of Sales. 
E) All of these. 
A) Additional detail. 
B) Trial Balance. 
C) Reporting purposes. 
D) Cost of Sales. 
E) All of these.

Question 13

A Chart of Accounts is a list of the business snapshot accounts.

Accepted Answer

A) True 
 B)False

Question 14

Craig's Design and Landscaping Services includes populated data such as accounts, balances, customers, etc.

Accepted Answer

A) True 
 B)False

Question 15

To access customers, vendors, chart of accounts, and reports, use the Settings Menu.

Accepted Answer

A) True 
 B)False

Question 16

This report lists transactions subtotaled by each account on the chart of accounts.

Accepted Answer

A) A/P Aging Summary. 
B) Balance Sheet. 
C) Profit and Loss. 
D) Transaction Detail by Account. 
E) All of these. 
A) A/P Aging Summary. 
B) Balance Sheet. 
C) Profit and Loss. 
D) Transaction Detail by Account. 
E) All of these.

Question 17

Subcategories for account classification are shown within the Type column on the Chart of Accounts.

Accepted Answer

A) True 
 B)False

Question 18

A complete list of a business's accounts and their balances is called:

Accepted Answer

A) Balance Sheet. 
B) Income and expense accounts. 
C) Trial Balance. 
D) Chart of Accounts. 
E) None of these. 
A) Balance Sheet. 
B) Income and expense accounts. 
C) Trial Balance. 
D) Chart of Accounts. 
E) None of these.

Question 19

Liability accounts usually start with the number 3000.

Accepted Answer

A) True 
 B)False

Question 20

The Test Drive company is also known as:

Accepted Answer

A) Craig's Design and Landscaping Services. 
B) The sample company. 
C) Populated company data used in Chapter 1. 
D) A way to practice using the QuickBooks Online (QBO) user interface. 
E) All of these. 
A) Craig's Design and Landscaping Services. 
B) The sample company. 
C) Populated company data used in Chapter 1. 
D) A way to practice using the QuickBooks Online (QBO) user interface. 
E) All of these.

To go to the Settings menu, use this icon:

When you sign out of the test drive, your data is:

QuickBooks Online updates:

To see recent transactions, use this icon:

Another name for the Profit and Loss report is the Income Statement.

The balance sheet lists what you own (assets), what your debts are (liabilities), and what you've invested (equity).

The Dashboard is the central place for getting an overview of the company.

Each time you start the test-drive, a new session begins.

The link between the user and the software is called the:

To sign into the test-drive, use a web browser.

To create transactions, use this icon:

Accounts are used to classify transaction information for:

A Chart of Accounts is a list of the business snapshot accounts.

Craig's Design and Landscaping Services includes populated data such as accounts, balances, customers, etc.

To access customers, vendors, chart of accounts, and reports, use the Settings Menu.

This report lists transactions subtotaled by each account on the chart of accounts.

Subcategories for account classification are shown within the Type column on the Chart of Accounts.

A complete list of a business's accounts and their balances is called:

Liability accounts usually start with the number 3000.

The Test Drive company is also known as:

New Company Setup and the Chart of Accounts

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 1: Quickbooks Online Test-Drive

To go to the Settings menu, use this icon:

When you sign out of the test drive, your data is:

QuickBooks Online updates:

To see recent transactions, use this icon:

Another name for the Profit and Loss report is the Income Statement.

The balance sheet lists what you own (assets), what your debts are (liabilities), and what you've invested (equity).

The Dashboard is the central place for getting an overview of the company.

Each time you start the test-drive, a new session begins.

The link between the user and the software is called the:

To sign into the test-drive, use a web browser.

To create transactions, use this icon:

Accounts are used to classify transaction information for:

A Chart of Accounts is a list of the business snapshot accounts.

Craig's Design and Landscaping Services includes populated data such as accounts, balances, customers, etc.

To access customers, vendors, chart of accounts, and reports, use the Settings Menu.

This report lists transactions subtotaled by each account on the chart of accounts.

Subcategories for account classification are shown within the Type column on the Chart of Accounts.

A complete list of a business's accounts and their balances is called:

Liability accounts usually start with the number 3000.

The Test Drive company is also known as:

New Company Setup and the Chart of Accounts

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