QuickBooks Test
Questions and Complete
Solutions Graded A+
QuickBooks Online - Answer: a software application used to record business and accounting activities,
designed with the non-accountant in mind.
New Company Setup - Answer: the level of operation that creates and sets up a new company file.
Lists - Answer: the level of operation that records background information.
Activities - Answer: the level of operation where most routine work is processed.
Reports - Answer: the level of operation where information can be displayed and printed.
Test Drive - Answer: a sample company file provided by Intuit to help you learn QuickBooks Online.
Company name - Answer: the name that appears on the Home page of QuickBooks Online and in the
heading of reports.
Online - Answer: the version of QuickBooks that you access via the internet.
Desktop - Answer: the version of the QuickBooks software that you install on your computer.
Gear - Answer: an icon on the title bar used to change the company name and sign out of QuickBooks
Online.
, System default accounts - Answer: accounts created by QuickBooks Online that are used to record
transactions in the Activities windows.
Account numbers - Answer: a preference in a company file that identifies accounts; must be activated
on the Advanced tab of the Account and Settings window.
Preferences - Answer: features in QuickBooks Online that must be enabled to be used.
Category type - Answer: used in QuickBooks Online to identify an account as an assets, liabilities, equity,
or income and expenses account.
Account List - Answer: a report in QuickBooks Online that lists all the accounts on the Chart of Accounts
List.
Inactive accounts - Answer: accounts that are no longer listed on the Chart of Accounts list.
Journal Entry window - Answer: the window where you record opening balances in the accounts.
Detail type - Answer: a specific subcategory of the category type that is determined by QuickBooks
online and cannot be changed.
Time-out period - Answer: the 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 - Answer: the report in QuickBooks Online that lists all transactions including transactions
recorded in the Journal Entry window.
Vendor - Answer: someone from whom the business buys goods or services.
Vendor List - Answer: contains a file for all vendors with whom the company does business.
Questions and Complete
Solutions Graded A+
QuickBooks Online - Answer: a software application used to record business and accounting activities,
designed with the non-accountant in mind.
New Company Setup - Answer: the level of operation that creates and sets up a new company file.
Lists - Answer: the level of operation that records background information.
Activities - Answer: the level of operation where most routine work is processed.
Reports - Answer: the level of operation where information can be displayed and printed.
Test Drive - Answer: a sample company file provided by Intuit to help you learn QuickBooks Online.
Company name - Answer: the name that appears on the Home page of QuickBooks Online and in the
heading of reports.
Online - Answer: the version of QuickBooks that you access via the internet.
Desktop - Answer: the version of the QuickBooks software that you install on your computer.
Gear - Answer: an icon on the title bar used to change the company name and sign out of QuickBooks
Online.
, System default accounts - Answer: accounts created by QuickBooks Online that are used to record
transactions in the Activities windows.
Account numbers - Answer: a preference in a company file that identifies accounts; must be activated
on the Advanced tab of the Account and Settings window.
Preferences - Answer: features in QuickBooks Online that must be enabled to be used.
Category type - Answer: used in QuickBooks Online to identify an account as an assets, liabilities, equity,
or income and expenses account.
Account List - Answer: a report in QuickBooks Online that lists all the accounts on the Chart of Accounts
List.
Inactive accounts - Answer: accounts that are no longer listed on the Chart of Accounts list.
Journal Entry window - Answer: the window where you record opening balances in the accounts.
Detail type - Answer: a specific subcategory of the category type that is determined by QuickBooks
online and cannot be changed.
Time-out period - Answer: the 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 - Answer: the report in QuickBooks Online that lists all transactions including transactions
recorded in the Journal Entry window.
Vendor - Answer: someone from whom the business buys goods or services.
Vendor List - Answer: contains a file for all vendors with whom the company does business.
