Question 1

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

Question 2

This report shows unpaid invoices for the current period:

Accepted Answer

A) A/P Aging Summary. 
B) Balance Sheet. 
C) Profit and Loss. 
D) A/R Aging Summary. 
E) All. 
A) A/P Aging Summary. 
B) Balance Sheet. 
C) Profit and Loss. 
D) A/R Aging Summary. 
E) All. D

Question 3

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

Question 4

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 5

The cloud stores data on web servers instead of your computer.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

To see recent transactions,use this icon:

Accepted Answer

A) Clock. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) None. 
A) Clock. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) None.

Question 9

You can only use a mouse to move around QBO.

Accepted Answer

A) True 
 B)False

Question 10

Liability accounts usually start with the number 3000.

Accepted Answer

A) True 
 B)False

Question 11

To go to the Settings menu,use this icon:

Accepted Answer

A) Clock 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) All. 
A) Clock 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) All.

Question 12

To access customers,vendors,transactions,and reports,use the Settings Menu.

Accepted Answer

A) True 
 B)False

Question 13

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. 
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.

Question 14

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

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Business processes are a collection of related,structured activities that produce a specific service or product.

Accepted Answer

A) True 
 B)False

Question 17

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

Question 18

The QBO home page is the central place for getting an overview of the company and key activities.

Accepted Answer

A) True 
 B)False

Question 19

To create transactions,use this icon:

Accepted Answer

A) Clock. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) All. 
A) Clock. 
B) Gear. 
C) Plus. 
D) Magnifying-glass. 
E) All.

Question 20

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

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

This report shows unpaid invoices for the current period:

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

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

The cloud stores data on web servers instead of your computer.

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

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

To see recent transactions,use this icon:

You can only use a mouse to move around QBO.

Liability accounts usually start with the number 3000.

To go to the Settings menu,use this icon:

To access customers,vendors,transactions,and reports,use the Settings Menu.

The Test Drive company is also known as:

Accounts are used to classify transaction information for:

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

Business processes are a collection of related,structured activities that produce a specific service or product.

QuickBooks Online updates:

The QBO home page is the central place for getting an overview of the company and key activities.

To create transactions,use this icon:

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

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

February Source Documents

Certification, quick-Books Labs and Report Customization

Apps, updates and QB Online Blog

Filters

Exam 1: Quickbooks Online Test-Drive

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

This report shows unpaid invoices for the current period:

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

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

The cloud stores data on web servers instead of your computer.

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

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

To see recent transactions,use this icon:

You can only use a mouse to move around QBO.

Liability accounts usually start with the number 3000.

To go to the Settings menu,use this icon:

To access customers,vendors,transactions,and reports,use the Settings Menu.

The Test Drive company is also known as:

Accounts are used to classify transaction information for:

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

Business processes are a collection of related,structured activities that produce a specific service or product.

QuickBooks Online updates:

The QBO home page is the central place for getting an overview of the company and key activities.

To create transactions,use this icon:

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

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

February Source Documents

Certification, quick-Books Labs and Report Customization

Apps, updates and QB Online Blog

Filters