Question 1

Which report shows unpaid bills for the current period?

Accepted Answer

A) A/P Summary. 
B) Balance Sheet. 
C) Profit and Loss. 
D) Statement of Cash Flows. 
E) None. 
A) A/P Summary. 
B) Balance Sheet. 
C) Profit and Loss. 
D) Statement of Cash Flows. 
E) None. A

Question 2

You cannot merge two accounts that are not the same type.

Accepted Answer

A) True 
 B)False  True

Question 3

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

Accepted Answer

A) Statement of Cash Flows. 
B) Balance Sheet. 
C) Summary transaction report for a specific period. 
D) Transaction Detail by Account. 
E) None. 
A) Statement of Cash Flows. 
B) Balance Sheet. 
C) Summary transaction report for a specific period. 
D) Transaction Detail by Account. 
E) None. D

Question 4

In Chapter 10,use the ______________________ to reconcile Account 101 Checking.

Accepted Answer

A) Activity list. 
B) Account and Settings. 
C) Vendor purchases. 
D) Bank statement. 
E) None. 
A) Activity list. 
B) Account and Settings. 
C) Vendor purchases. 
D) Bank statement. 
E) None.

Question 5

Sign out is included as a link on the Create menu.

Accepted Answer

A) True 
 B)False

Question 6

March 31 is the end of the:

Accepted Answer

A) Fourth quarter. 
B) Third quarter. 
C) Second quarter. 
D) First quarter. 
E) None. 
A) Fourth quarter. 
B) Third quarter. 
C) Second quarter. 
D) First quarter. 
E) None.

Question 7

This report breaks down every transaction during a period of time into debits and credits and displays them chronologically.

Accepted Answer

A) Customer balance summary. 
B) Vendor balance summary. 
C) Profit and Loss. 
D) Journal. 
E) All. 
A) Customer balance summary. 
B) Vendor balance summary. 
C) Profit and Loss. 
D) Journal. 
E) All.

Question 8

To remove a product from the item list,make it inactive.

Accepted Answer

A) True 
 B)False

Question 9

This report summarizes key information such as quantity on hand,value,and average cost for each item.

Accepted Answer

A) A/R Aging Summary. 
B) A/P Aging Summary. 
C) Inventory Valuation Summary. 
D) Adjusting entry report. 
E) All. 
A) A/R Aging Summary. 
B) A/P Aging Summary. 
C) Inventory Valuation Summary. 
D) Adjusting entry report. 
E) All.

Question 10

Which report shows unpaid invoices for the current period?

Accepted Answer

A) Balance Sheet. 
B) A/P Summary. 
C) A/R Summary. 
D) Profit and Loss. 
E) None. 
A) Balance Sheet. 
B) A/P Summary. 
C) A/R Summary. 
D) Profit and Loss. 
E) None.

Question 11

Use the Settings menu to see all the company's lists

Accepted Answer

A) True 
 B)False

Question 12

Click on the magnifying-glass icon to search by transaction,amount,or date.

Accepted Answer

A) True 
 B)False

Question 13

At the end of Chapter 10,reports are exported to Excel.

Accepted Answer

A) True 
 B)False

Question 14

At the end of March,adjustments for the following accounts are made except for:

Accepted Answer

A) Rent expense. 
B) Insurance expense. 
C) Accumulated depreciation. 
D) Checking account balance. 
E) None. 
A) Rent expense. 
B) Insurance expense. 
C) Accumulated depreciation. 
D) Checking account balance. 
E) None.

Question 15

QuickBooks Online cannot be accessed using a Mac computer.

Accepted Answer

A) True 
 B)False

Question 16

Customers are people who purchase products and services from you.

Accepted Answer

A) True 
 B)False

Question 17

What report do you run to display overdue bills?

Accepted Answer

A) Accounts Payable Aging report. 
B) Accounts Receivable Aging report. 
C) Open Bills. 
D) Audit Log. 
E) None 
A) Accounts Payable Aging report. 
B) Accounts Receivable Aging report. 
C) Open Bills. 
D) Audit Log. 
E) None

Question 18

The Create menu includes the Chart of Accounts.

Accepted Answer

A) True 
 B)False

Question 19

When you sign in,QBO is up to date.

Accepted Answer

A) True 
 B)False

Question 20

The source documents in Chapter 10 include.

Accepted Answer

A) Credit card sales. 
B) Accounts payable transactions. 
C) Accounts receivable transactions. 
D) Checks. 
E) All. 
A) Credit card sales. 
B) Accounts payable transactions. 
C) Accounts receivable transactions. 
D) Checks. 
E) All.

Which report shows unpaid bills for the current period?

You cannot merge two accounts that are not the same type.

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

In Chapter 10,use the ______________________ to reconcile Account 101 Checking.

Sign out is included as a link on the Create menu.

March 31 is the end of the:

This report breaks down every transaction during a period of time into debits and credits and displays them chronologically.

To remove a product from the item list,make it inactive.

This report summarizes key information such as quantity on hand,value,and average cost for each item.

Which report shows unpaid invoices for the current period?

Use the Settings menu to see all the company's lists

Click on the magnifying-glass icon to search by transaction,amount,or date.

At the end of Chapter 10,reports are exported to Excel.

At the end of March,adjustments for the following accounts are made except for:

QuickBooks Online cannot be accessed using a Mac computer.

Customers are people who purchase products and services from you.

What report do you run to display overdue bills?

The Create menu includes the Chart of Accounts.

When you sign in,QBO is up to date.

The source documents in Chapter 10 include.

Quickbooks Online Test-Drive

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

Certification, quick-Books Labs and Report Customization

Apps, updates and QB Online Blog

Filters

Exam 10: February Source Documents

Which report shows unpaid bills for the current period?

You cannot merge two accounts that are not the same type.

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

In Chapter 10,use the ______________________ to reconcile Account 101 Checking.

Sign out is included as a link on the Create menu.

March 31 is the end of the:

This report breaks down every transaction during a period of time into debits and credits and displays them chronologically.

To remove a product from the item list,make it inactive.

This report summarizes key information such as quantity on hand,value,and average cost for each item.

Which report shows unpaid invoices for the current period?

Use the Settings menu to see all the company's lists

Click on the magnifying-glass icon to search by transaction,amount,or date.

At the end of Chapter 10,reports are exported to Excel.

At the end of March,adjustments for the following accounts are made except for:

QuickBooks Online cannot be accessed using a Mac computer.

Customers are people who purchase products and services from you.

What report do you run to display overdue bills?

The Create menu includes the Chart of Accounts.

When you sign in,QBO is up to date.

The source documents in Chapter 10 include.

Quickbooks Online Test-Drive

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

Certification, quick-Books Labs and Report Customization

Apps, updates and QB Online Blog

Filters