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WorksheetsQuickBooks Chapters 1 & 2 Self Assessment
Total questions: 25
Worksheet time: 50mins
Categories can be added to the QuickBooks Online Products and Services List.
True
False
Individual products and services can be inactivated, but not deleted.
True
False
QuickBooks Online Plus allows you to add only two users and two Accountants users.
True
False
QuickBooks Online Plus allows you to restrict users' access to some features.
True
False
When you record a check written in QuickBooks Online, you must select the account in the register.
True
False
If you record a check written to a new vendor, you must add a new vendor in the Expense center and then record the check.
True
False
Some accounts on the Chart of Accounts cannot be deleted.
True
False
The Chart of Accounts list accounts for each transaction in your accounting system.
True
False
If you merge two accounts and discover that you made a mistake, you can choose Un-Merge.
True
False
To change your company address in the Company Settings, the first step is to click search.
True
False
You can upload your company logo in to QuickBooks Online from the:
Navigation Bar
Company Setting
Create Icon
None of these options
You can review recent transactions on the Dashboard by clicking search.
True
False
When setting up a new company file, which start date its best to choose?
July, 25, 20xx
December 31, 20xx
April 1, 20xx
January 10, 20xx
QuickBooks Online creates a default Chart of Accounts based on :
What state you are in
The business type selected during setup
How long you have been in business
None of these options
Within the Chart of Accounts list, you can:
edit or change the account name
add a new account
merge accounts
All of the options
Accrual-based accounting means you record income when you receive the payment
True
False
One purpose of the Navigation Bar is to provide access to the Sales, Expenses, and Employee Centers.
True
False
Asset accounts include:
bank accounts
credit card accounts
accounts payable
advertising expense
You can choose to label your customers:
Clients
Members
Tenants
All of the options
In accrual-based accounting, you record expenses when you pay them
True
False
You can access your QuickBooks Online subscription from any device.
True
False
What is the basic equation that governs accounting?
Assets=Liabilities + Equity
Equity-Expenses=Assets
Assets+Banking=Equity
Liabilities+Assets=Expenses
Which of these is NOT a list in QuickBooks Online?
Employees
Other
Customers
Chart of Accounts
The checking account is an:
asset account associated with the profit and loss report.
expense account associated with the profit and loss report
asset account associated with the asset report.
asset account associated with the balance sheet.
The recommended Internet Browser for QuickBooks Online is:
Internet Explorer
Edge
Chrome
Firefox
