Deck 2: Create a Company in Quickbooks Online and Activate the Educational Trial Version of Quickbooks Online

Question 1

You may import company data from .

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

Answer 1

D

Question 2

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

Answer 2

True

Question 3

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

Answer 3

False

Question 4

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

Question 5

It is better to add accounts rather than import them.

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

Question 6

Opening balances are imported for Customers and Vendors.

Question 7

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

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

Question 8

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

A)Edit
B)Purge
C)Transfer
D)Import

Question 9

Where do you get the Excel data files for importing company information?

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 10

When purging a company file, you have 30 days after program activation to do so