Deck 1: An Introduction to Quickbooks Online and Applying for the Educational Trial Version of Quickbooks Online

Question 1

In a computerized accounting program, you must record Brought Forward Balances to close the books.

Answer 1

False

Question 2

QuickBooks Online Plus uses the method of inventory valuation.

A)FIFO
B)Average Cost
C)Declining Balance
D)Accelerated Use

Answer 2

A

Question 3

You must Turn on Payroll in order to access the Payroll Tax Center.

Answer 3

True

Question 4

In order to customize information shown in the Vendors List, you click the icon.

A)Show
B)Settings
C)New Vendor
D)Edit

Question 5

You may apply for the Educational Version of QuickBooks Online Plus using your .

A)Student Email
B)A Gmail account established for the program
C)Either of the above
D)None of the above

Question 6

To access a blank invoice, you click the icon.

A)Gear
B)Create (Plus)
C)Customers
D)Forms

Question 7

The Top-Navigation Bar and the Left-Navigation or Alternate Left-Navigation Bars are shown on the .

A)Dashboard
B)Money Bar
C)Activities Page
D)Home Page

Question 8

You click the Recent Transactions icon to search for a specific invoice.

Question 9

When using QuickBooks Online your data is saved in the Cloud.

Question 10

The Gear icon may be used to access Lists in QuickBooks Online.