Question 1

Multi-factor authentication requires a:

Accepted Answer

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

Question 2

The Dashboard always includes updated message.

Accepted Answer

A) True 
 B)False  False

Question 3

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  True

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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 6

Retained earnings is a View register account.

Accepted Answer

A) True 
 B)False

Question 7

View register accounts appear on the Profit & Loss report.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) QuickBooks Online. 
B) Cloudware 
C) QB Cloud_Student Name. 
D) Saas. 
E) None. 
A) QuickBooks Online. 
B) Cloudware 
C) QB Cloud_Student Name. 
D) Saas. 
E) None.

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

Question 10

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 11

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

Question 12

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

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

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 15

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

Accepted Answer

A) True 
 B)False

Question 16

Software as a service and cloud computing are alike.

Accepted Answer

A) True 
 B)False

Question 17

QuickBooks Online automatically sets up a chart of accounts.

Accepted Answer

A) True 
 B)False

Question 18

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

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

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.

Multi-factor authentication requires a:

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.

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

The _____________________________ has all the access rights within QBO.

Retained earnings is a View register account.

View register accounts appear on the Profit & Loss report.

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

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

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

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

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

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

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

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

Software as a service and cloud computing are alike.

QuickBooks Online automatically sets up a chart of accounts.

Each sign-in may be authenticated by:

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

Another name for the Chart of Accounts is:

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, Report Customization and Quickbooks Labs

Apps, Updates, Quickbooks Blog and Tips

Filters

Exam 2: New Company Setup and the Chart of Accounts

Multi-factor authentication requires a:

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.

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

The _____________________________ has all the access rights within QBO.

Retained earnings is a View register account.

View register accounts appear on the Profit & Loss report.

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

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

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

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

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

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

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

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

Software as a service and cloud computing are alike.

QuickBooks Online automatically sets up a chart of accounts.

Each sign-in may be authenticated by:

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

Another name for the Chart of Accounts is:

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, Report Customization and Quickbooks Labs

Apps, Updates, Quickbooks Blog and Tips

Filters