Question 1

Opening balances are imported for Customers and Vendors.

Accepted Answer

A) True 
 B)False  True

Question 2

To erase all information entered by QuickBooks during the activation of QBO, you all information.

Accepted Answer

A) Edit 
B) Purge 
C) Transfer 
D) Import 
A) Edit 
B) Purge 
C) Transfer 
D) Import B

Question 3

It is better to add accounts rather than import them.

Accepted Answer

A) Fixed Assets 
B) Retained Earnings 
C) Income 
D) Long-Term Liabilities 
A) Fixed Assets 
B) Retained Earnings 
C) Income 
D) Long-Term Liabilities A

Question 4

You must provide a valid email address when activating QuickBooks Online.

Accepted Answer

A) True 
 B)False

Question 5

You may import company data from .

Accepted Answer

A) Excel files 
B) QuickBooks Desktop Company File 
C) Word files 
D) Either A or B 
A) Excel files 
B) QuickBooks Desktop Company File 
C) Word files 
D) Either A or B

Question 6

Which tab in the customer's account do you click in order to add Terms?

Accepted Answer

A) Tax Info 
B) Notes 
C) Payment and Billing 
D) Address 
A) Tax Info 
B) Notes 
C) Payment and Billing 
D) Address

Question 7

A registered Educational Trial Version of QuickBooks Online is usable for 30 days.

Accepted Answer

A) True 
 B)False

Question 8

Where do you get the Excel data files for importing company information?

Accepted Answer

A) Download from Pearson's Web site 
B) Create Excel files yourself 
C) Create Excel files from QuickBooks Desktop 
D) None of the above 
A) Download from Pearson's Web site 
B) Create Excel files yourself 
C) Create Excel files from QuickBooks Desktop 
D) None of the above

Question 9

When purging a company file, you have 30 days after program activation to do so

Accepted Answer

A) True 
 B)False

Question 10

When importing accounts, all opening balances are entered automatically for Assets and Liabilities.

Accepted Answer

A) True 
 B)False

Opening balances are imported for Customers and Vendors.

To erase all information entered by QuickBooks during the activation of QBO, you all information.

It is better to add accounts rather than import them.

You must provide a valid email address when activating QuickBooks Online.

You may import company data from .

Which tab in the customer's account do you click in order to add Terms?

A registered Educational Trial Version of QuickBooks Online is usable for 30 days.

Where do you get the Excel data files for importing company information?

When purging a company file, you have 30 days after program activation to do so

When importing accounts, all opening balances are entered automatically for Assets and Liabilities.

An Introduction to Quickbooks Online and Applying for the Educational Trial Version of Quickbooks Online

Focus on Receivables When Providing Services

Focus on Payables When Providing Services

End-Of-Period Procedures Including Adjusting Entries, Owner Withdrawals and Investments, and Closing Entries

Focus on Receivables When Selling Inventory Items, Use Locations and Classes, Accept Credit Cards for Customer Payments, Collect Sales Tax, Give Customer Sales Discounts, and Record Nsf Checks

Focus on Payables When Purchasing and Paying for Inventory Items, Prepare Purchase Orders, Use a Company Credit Card, Record Purchase and Merchandise Discounts, Make Sales Tax Payments

End-Of-Period Procedures, Make Inventory Adjustments, Prepare Budgets, and Record Closing Entries

Payroll

Payment Methods, Inventory, Reports, and More

Filters

Exam 2: Create a Company in Quickbooks Online and Activate the Educational Trial Version of Quickbooks Online

Opening balances are imported for Customers and Vendors.

To erase all information entered by QuickBooks during the activation of QBO, you all information.

It is better to add accounts rather than import them.

You must provide a valid email address when activating QuickBooks Online.

You may import company data from .

Which tab in the customer's account do you click in order to add Terms?

A registered Educational Trial Version of QuickBooks Online is usable for 30 days.

Where do you get the Excel data files for importing company information?

When purging a company file, you have 30 days after program activation to do so

When importing accounts, all opening balances are entered automatically for Assets and Liabilities.

An Introduction to Quickbooks Online and Applying for the Educational Trial Version of Quickbooks Online

Focus on Receivables When Providing Services

Focus on Payables When Providing Services

End-Of-Period Procedures Including Adjusting Entries, Owner Withdrawals and Investments, and Closing Entries

Focus on Receivables When Selling Inventory Items, Use Locations and Classes, Accept Credit Cards for Customer Payments, Collect Sales Tax, Give Customer Sales Discounts, and Record Nsf Checks

Focus on Payables When Purchasing and Paying for Inventory Items, Prepare Purchase Orders, Use a Company Credit Card, Record Purchase and Merchandise Discounts, Make Sales Tax Payments

End-Of-Period Procedures, Make Inventory Adjustments, Prepare Budgets, and Record Closing Entries

Payroll

Payment Methods, Inventory, Reports, and More

Filters