Question 1

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 C

Question 2

Opening balances are imported for Customers and Vendors.

Accepted Answer

A) True 
 B)False  True

Question 3

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 B

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Question 6

You can add preferred invoice terms by editing Sales Settings.

Accepted Answer

A) True 
 B)False

Question 7

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 8

It is better to add accounts rather than import them.

Accepted Answer

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

Question 9

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

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

Exam 2: Create a Company

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