QuickBooks Test
QuickBooks Online correct answersa software application used to record
business and accounting activities, designed with the non-accountant in
mind.
New Company Setup correct answersthe level of operation that creates
and sets up a new company file.
Lists correct answersthe level of operation that records background
information. Activities correct answersthe level of operation where most
routine work is processed.
Reports correct answersthe level of operation where information can be
displayed and printed.
Test Drive correct answersa sample company file provided by Intuit to
help you learn QuickBooks Online.
Company name correct answersthe name that appears on the
Home page of QuickBooks Online and in the heading of reports.
Online correct answersthe version of QuickBooks that you access
via the internet.
Desktop correct answersthe version of the QuickBooks software that you
install on your computer.
Gear correct answersan icon on the title bar used to change the company
name and sign out of QuickBooks Online.
System default accounts correct answersaccounts created by QuickBooks
Online that are used to record transactions in the Activities windows.
Account numbers correct answersa preference in a company file that
identifies accounts; must be activated on the Advanced tab of the Account
and Settings window.
Preferences correct answersfeatures in QuickBooks Online that must be
enabled to be used.
Category type correct answersused in QuickBooks Online to identify an
account as an assets, liabilities, equity, or income and expenses account.
, Account List correct answersa report in QuickBooks Online that lists all the
accounts on the Chart of Accounts List.
Inactive accounts correct answersaccounts that are no longer listed on
the Chart of Accounts list.
Journal Entry window correct answersthe window where you record opening
balances in the accounts.
Detail type correct answersa specific subcategory of the category
type that is determined by QuickBooks online and cannot be
changed.
Time-out period correct answersthe amount of time you have been inactive
after which QuickBooks Online will automatically log you out; set to one
hour by default but can be extended to three hours.
Journal Report correct answersthe report in QuickBooks Online that lists all
transactions including transactions recorded in the Journal Entry window.
Vendor correct answerssomeone from whom the business buys goods or
services.
Vendor List correct answerscontains a file for all vendors with whom the
company does business.
Unpaid Bills Report correct answersa report that lists all unpaid vendor bills
at a specific date.
Vendor credit correct answersa reduction of the vendor's liability due to a
credit for return or allowance. Bill window: an activity window used to
record vendor bills to be paid at a later date.
Journal Report correct answersa report that displays transactions in
general journal format for a specified period of time.
Vendor Contact List correct answersa report that lists all vendors from
which the company buys goods and services.
System default account correct answersa pre-identified general ledger
account that increases or decreases automatically depending on the type
of transaction entered.
Check window correct answersan activity window used to record cash
purchases of goods or services from a vendor.
Pay Bills window correct answersan activity window used to pay bills
previously entered in the Bill window.
QuickBooks Online correct answersa software application used to record
business and accounting activities, designed with the non-accountant in
mind.
New Company Setup correct answersthe level of operation that creates
and sets up a new company file.
Lists correct answersthe level of operation that records background
information. Activities correct answersthe level of operation where most
routine work is processed.
Reports correct answersthe level of operation where information can be
displayed and printed.
Test Drive correct answersa sample company file provided by Intuit to
help you learn QuickBooks Online.
Company name correct answersthe name that appears on the
Home page of QuickBooks Online and in the heading of reports.
Online correct answersthe version of QuickBooks that you access
via the internet.
Desktop correct answersthe version of the QuickBooks software that you
install on your computer.
Gear correct answersan icon on the title bar used to change the company
name and sign out of QuickBooks Online.
System default accounts correct answersaccounts created by QuickBooks
Online that are used to record transactions in the Activities windows.
Account numbers correct answersa preference in a company file that
identifies accounts; must be activated on the Advanced tab of the Account
and Settings window.
Preferences correct answersfeatures in QuickBooks Online that must be
enabled to be used.
Category type correct answersused in QuickBooks Online to identify an
account as an assets, liabilities, equity, or income and expenses account.
, Account List correct answersa report in QuickBooks Online that lists all the
accounts on the Chart of Accounts List.
Inactive accounts correct answersaccounts that are no longer listed on
the Chart of Accounts list.
Journal Entry window correct answersthe window where you record opening
balances in the accounts.
Detail type correct answersa specific subcategory of the category
type that is determined by QuickBooks online and cannot be
changed.
Time-out period correct answersthe amount of time you have been inactive
after which QuickBooks Online will automatically log you out; set to one
hour by default but can be extended to three hours.
Journal Report correct answersthe report in QuickBooks Online that lists all
transactions including transactions recorded in the Journal Entry window.
Vendor correct answerssomeone from whom the business buys goods or
services.
Vendor List correct answerscontains a file for all vendors with whom the
company does business.
Unpaid Bills Report correct answersa report that lists all unpaid vendor bills
at a specific date.
Vendor credit correct answersa reduction of the vendor's liability due to a
credit for return or allowance. Bill window: an activity window used to
record vendor bills to be paid at a later date.
Journal Report correct answersa report that displays transactions in
general journal format for a specified period of time.
Vendor Contact List correct answersa report that lists all vendors from
which the company buys goods and services.
System default account correct answersa pre-identified general ledger
account that increases or decreases automatically depending on the type
of transaction entered.
Check window correct answersan activity window used to record cash
purchases of goods or services from a vendor.
Pay Bills window correct answersan activity window used to pay bills
previously entered in the Bill window.
