ACCS Review Exam with Accurate
Answers
When using Quickbooks online your data is saved in the cloud. - ✔✔True
The Gear icon may be used to access Lists in Quickbooks Online. - ✔✔True
In a computerized accounting program, you must record Brought Forward Balances to close the
books. - ✔✔False
You must turn on Payroll in order to access the Payroll Tax Center - ✔✔True
You click the Recent Transactions icon to search for a specific invoice. - ✔✔False
Quickbooks Online Plus uses the_______ method of inventory valuation.
A. FIFO
B. Average Cost
C. Declining Balance
D. Accelerated Use - ✔✔A. FIFO
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 - ✔✔D. Home Page
,To access a blank invoice, you click the _____ icon.
A. Gear
B. Create (Plus)
C. Customers
D. Forms - ✔✔B. Create (Plus)
In order to customize information shown in the Vendors List, you click the ______ icon.
A. Show
B. Settings
C. New Vendor
D. Edit - ✔✔D. Edit
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 - ✔✔A. Student Email
A registered Educational Trial Version of Quickbooks Online is usable for 30 days. - ✔✔False
When importing accounts, all opening balances are entered automatically for Assets and
Liabilities - ✔✔False
You must provide a valid email address when activating Quickbooks Online. - ✔✔True
Opening balances are imported for Customers and Vendors. - ✔✔True
, When purging a company file, you have 30 days after program activation to do so. - ✔✔False
It is better to add _______ accounts rather than import them.
A. Fixed Assets
B. Retained Earnings
C. Income
D. Long-Term Liabilities - ✔✔A. Fixed Assets
You may import company data from ___________
A. Excel files
B. Quickbooks Desktop Company File
C. Word Files
D. Either A or B. - ✔✔D. Either A or B?
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 - ✔✔C. Payment and Billing
To erase all information entered by QuickBooks during the activation of QBO, you ________ all
information.
A. Edit
B. Purge
C. Transfer
D. Import - ✔✔B. Purge
Answers
When using Quickbooks online your data is saved in the cloud. - ✔✔True
The Gear icon may be used to access Lists in Quickbooks Online. - ✔✔True
In a computerized accounting program, you must record Brought Forward Balances to close the
books. - ✔✔False
You must turn on Payroll in order to access the Payroll Tax Center - ✔✔True
You click the Recent Transactions icon to search for a specific invoice. - ✔✔False
Quickbooks Online Plus uses the_______ method of inventory valuation.
A. FIFO
B. Average Cost
C. Declining Balance
D. Accelerated Use - ✔✔A. FIFO
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 - ✔✔D. Home Page
,To access a blank invoice, you click the _____ icon.
A. Gear
B. Create (Plus)
C. Customers
D. Forms - ✔✔B. Create (Plus)
In order to customize information shown in the Vendors List, you click the ______ icon.
A. Show
B. Settings
C. New Vendor
D. Edit - ✔✔D. Edit
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 - ✔✔A. Student Email
A registered Educational Trial Version of Quickbooks Online is usable for 30 days. - ✔✔False
When importing accounts, all opening balances are entered automatically for Assets and
Liabilities - ✔✔False
You must provide a valid email address when activating Quickbooks Online. - ✔✔True
Opening balances are imported for Customers and Vendors. - ✔✔True
, When purging a company file, you have 30 days after program activation to do so. - ✔✔False
It is better to add _______ accounts rather than import them.
A. Fixed Assets
B. Retained Earnings
C. Income
D. Long-Term Liabilities - ✔✔A. Fixed Assets
You may import company data from ___________
A. Excel files
B. Quickbooks Desktop Company File
C. Word Files
D. Either A or B. - ✔✔D. Either A or B?
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 - ✔✔C. Payment and Billing
To erase all information entered by QuickBooks during the activation of QBO, you ________ all
information.
A. Edit
B. Purge
C. Transfer
D. Import - ✔✔B. Purge
