Question 1

Another name for multi-level authentication:

Accepted Answer

A) IP address 
B) Confirmation code. 
C) Customer defaults. 
D) Chart of Accounts. 
E) None 
A) IP address 
B) Confirmation code. 
C) Customer defaults. 
D) Chart of Accounts. 
E) None B

Question 2

Each sign-in may be authenticated by:

Accepted Answer

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

Question 3

On the Chart of Accounts,the View register link is for income,cost of goods sold and expense accounts.

Accepted Answer

A) True 
 B)False  False

Question 4

Using a subscription model,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. 
A) Software as a Service. 
B) Windows computers. 
C) Macintosh computers. 
D) IP addresses. 
E) All.

Question 5

An integrated system of people,processes,and procedures that minimize or eliminate business risks.

Accepted Answer

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

Question 6

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

Question 7

On the Chart of Accounts,temporary accounts or accounts that appear on the Profit and Loss report including income,cost of goods sold,and expenses,show a Run report link.

Accepted Answer

A) True 
 B)False

Question 8

The industry selected for the company in Chapter 2 is:

Accepted Answer

A) Services. 
B) Merchandising 
C) Information Technology 
D) Restaurant and hospitality. 
E) None. 
A) Services. 
B) Merchandising 
C) Information Technology 
D) Restaurant and hospitality. 
E) None.

Question 9

Based on the industry you select,QBO does not create a Chart of Accounts.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Retained earnings is a View register account.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Software as a service and cloud computing are alike.

Accepted Answer

A) True 
 B)False

Question 14

The _____________________________ has all the access rights within QBO.

Accepted Answer

A) User. 
B) Client. 
C) Company Administrator. 
D) QBO access rights are not assignable. 
E) None. 
A) User. 
B) Client. 
C) Company Administrator. 
D) QBO access rights are not assignable. 
E) None.

Question 15

The Home page always includes updated message.

Accepted Answer

A) True 
 B)False

Question 16

This reminder message appears next to links that have changed.

Accepted Answer

A) FYI. 
B) Updated settings. 
C) QBO blog and archive 
D) Create menu. 
E) All 
A) FYI. 
B) Updated settings. 
C) QBO blog and archive 
D) Create menu. 
E) All

Question 17

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

Question 18

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

Question 19

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 20

To edit the Chart of Accounts,select the pencil icon.

Accepted Answer

A) True 
 B)False

Another name for multi-level authentication:

Each sign-in may be authenticated by:

On the Chart of Accounts,the View register link is for income,cost of goods sold and expense accounts.

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

An integrated system of people,processes,and procedures that minimize or eliminate business risks.

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

On the Chart of Accounts,temporary accounts or accounts that appear on the Profit and Loss report including income,cost of goods sold,and expenses,show a Run report link.

The industry selected for the company in Chapter 2 is:

Based on the industry you select,QBO does not create a Chart of Accounts.

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

Retained earnings is a View register account.

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

Software as a service and cloud computing are alike.

The _____________________________ has all the access rights within QBO.

The Home page always includes updated message.

This reminder message appears next to links that have changed.

Another name for the Chart of Accounts is:

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

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

To edit the Chart of Accounts,select the pencil icon.

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

February Source Documents

Certification, quick-Books Labs and Report Customization

Apps, updates and QB Online Blog

Filters

Exam 2: New Company Setup and the Chart of Accounts

Another name for multi-level authentication:

Each sign-in may be authenticated by:

On the Chart of Accounts,the View register link is for income,cost of goods sold and expense accounts.

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

An integrated system of people,processes,and procedures that minimize or eliminate business risks.

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

On the Chart of Accounts,temporary accounts or accounts that appear on the Profit and Loss report including income,cost of goods sold,and expenses,show a Run report link.

The industry selected for the company in Chapter 2 is:

Based on the industry you select,QBO does not create a Chart of Accounts.

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

Retained earnings is a View register account.

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

Software as a service and cloud computing are alike.

The _____________________________ has all the access rights within QBO.

The Home page always includes updated message.

This reminder message appears next to links that have changed.

Another name for the Chart of Accounts is:

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

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

To edit the Chart of Accounts,select the pencil icon.

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

February Source Documents

Certification, quick-Books Labs and Report Customization

Apps, updates and QB Online Blog

Filters