Question 1

All of the following can be Imported into QuickBooks Online with Excel except______ .

Accepted Answer

A)  Customers
B)  Company Settings
C)  Vendors
D)  Products and Services B

Question 2

You can add preferred invoice terms by editing Sales Settings.

Accepted Answer

A) True 
 B)False  True

Question 3

Opening balances are imported for Customers and Vendors.

Accepted Answer

A) True 
 B)False  True

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

You can purge data and import data using either Excel or QuickBooks Desktop as many times as you wish during the first 90 days of activating your QuickBooks Online account.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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

Question 8

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

Accepted Answer

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

Question 9

You may import company data from________ .

Accepted Answer

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

Question 10

It is better to add______ accounts rather than import them.

Accepted Answer

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

Exam 2: Create a Company

All of the following can be Imported into QuickBooks Online with Excel except______ .

You can add preferred invoice terms by editing Sales Settings.

Opening balances are imported for Customers and Vendors.

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

You can purge data and import data using either Excel or QuickBooks Desktop as many times as you wish during the first 90 days of activating your QuickBooks Online account.

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

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

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

You may import company data from________ .

It is better to add______ accounts rather than import them.