Chap 3 Quiz Flashcards
In QuickBooks Online, information about transactions can be entered in onscreen forms, such as:
Multiple Choice
- Check
- Invoice
- Purchase Order
- All of these choices are correct
All of these choices are correct
Which of the following two items are displayed in the QBO Navigation Bar: (Check all that apply)
Check All That Apply
- Sales
- Adjusting Entries
- Banking
- Products and Services
- Sales
- Banking
-
Which of the following two transactions are considered Customers and Sales transactions: (Check all that apply)
Check All That Apply
- Invoice
- Receive Payment
- Pay Bills
- Check
- Invoice
- Receive Payment
-
Which of the following two transactions are considered Vendors and Expenses transactions: (Check all that apply)
Check All That Apply
- Invoice
- Receive Payment
- Pay Bills
- Check
-
- Pay Bills
- Check
To enter transactions in QBO:
Multiple Choice
- From the Navigation Bar, select Reports
- From the Create (+) icon, select transaction to enter
- From the Gear icon, select transaction to enter
- From the Navigation Bar, select Home
From the Create (+) icon, select transaction to enter
QBO Lists include:
Multiple Choice
- Chart of Accounts
- Customers List
- Vendors List
- Employees List
- All of these choices are QBO Lists.
All of these choices are QBO Lists.
The Products and Services List can be accessed from the:
Multiple Choice
- Navigation Bar > Expenses
- Gear icon
- Create (+) icon
- None of these choices are correct.
Gear icon
Match the following transactions with the type of transaction.
a. Estimated
b. Deposit
c. Print Checks
d. Single-Time Activity
- Vendors and Expenses
- Banking
- Employees and Payroll
- Customers and Sales
a. Estimate - Customers and Sales
b. Deposit - Banking
c. Print Checks - Vendors and Expenses
d. Single Time Activity - Employees and Payroll
Two ways to update QBO Lists are: (Check all that apply)
Check All That Apply
- Before entering transactions
- While entering transactions
- After entering transactions
- Before entering transactions
- While entering transactions
-
Two different ways to enter transaction information into QBO are: (Check all that apply)
Check All That Apply
- Onscreen forms
- Chart of Accounts
- Onscreen journal
- QBO Lists
- Onscreen forms
- Onscreen journal
-
Which of the following QBO features can be used to save a transaction that will be re-used in the future?
Multiple Choice
- Saved transactions
- Create (+) icon
- Recurring transactions
- None of these choices are correct.
Recurring transactions
Access the Recurring Transactions List from the:
Multiple Choice
- Navigation Bar
- Gear icon
- Create (+) icon
- None of these choices are correct.
Gear icon
Recurring transactions can be classified as which of the following types?
Multiple Choice
- Scheduled
- Unscheduled
- Reminder
- All of these choices are correct
All of these choices are correct.
Which of the following two are correct when double-entry accounting journal entries are used to record what is exchanged in a transaction? (Check all that apply)
Check All That Apply
- The amount received is recorded with a credit
- The amount received is recorded with a debit
- The amount given is recorded with a debit
- The amount given is recorded with a credit
-
- The amount received is recorded with a debit
- The amount given is recorded with a credit
