Test Bank For Computer Accounting with QuickBooks Online, 3rd Edition All Chapters - 9781264127276.pdf

110+ QuickBooks Online Certification E
D D D D




xam Answers & Questions List
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ExamDDuration:D2DtoD3Dhours
TotalDSections:D5
TotalDnumberDofDQuestions:D75DMinimu
mDPassingDScore:D80%DinDeachDSection
CertificationDValidity:D365DDays




QuestionD(1):DQuickBooksDOnlineDhasDsomeDgreatDfeatures.DClientsDcanDuseDOnlineDInvoicing,
DwhichDwillDtrackDwhenDthey’veDbeenDviewedDandDpaid.DOnlineDInvoicingDevenDallowsDforDcusto

merDqueriesDviaDonlineDmessagesDdirectlyDlinkedDtoDtheDinvoice.DYouDnowDneedDtoDenableDthisDf
eatureDinDtheDnewDclientDcompanyDyou’reDsettingDup.DTakeDaDlookDatDtheDstepsDbelow

1. SelectDtheDGearDicon,DandDselectDAccountDandDSettings,DunderDtheDYourDcompa
nyDcolumn)
2. andDscrollDdownDtoDtheDOnlineDdeliveryDsection
3.
toDensureDthatDAttachDinvoiceDasDpdfDisDuncheckedDCanDyouDidentifyDth
eDmissingDsteps?

Answer:

StepD2:DSelectDtheDSalesDtab,

StepD3:DFromDtheDdrop-downDlist,DclickDonDtheDOnlineDinvoice.

QuestionD(2):DYourDclientDhasDaskedDyouDtoDturnDonDwarningsDforDduplicateDcheckDandDbillDnum
bersDinDtheirDQuickBooksDOnlineDcompany.DTakeDaDlookDatDtheDstepsDbelow.

1. D
2. UnderDYourDCompany,DselectDAccountDandDSettings
3. SelectDAdvancedDtab
4. InDtheDOtherDpreferencesDsection,DselectDtheDoptionDtoDwarnDifDduplicateDcheckDnumberD
isDusedDandDwarnDifDaDduplicateDbillDnumberDisDused
5. D

, 6. StartingDatDtheDQuickBooksDOnlineDDashboard,DwhichDoptionDwouldDcompleteDth
eDfollowingDsteps?
Answer:

StepD1:DSelectDtheDGearDicon,DSt

epD5:DSelectDSave

QuestionD(3):DYourDclientDdoesn’tDwantDtoDpayDaDmonthlyDfeeDforDtheirDQuickBooksPaymentsD
merchantDaccount.DWhatDanotherDoptionDisDavailableDtoDthem,DandDwhereinDQuickBooksDOnline
DcanDtheyDsignDupDforDQuickBooksPayments?




Answer:DThereDisDanotherDplanDwhichDmeansDtheDcustomerDpaysDtheDtransactionDcharge;DInDth
eDBillingDandDSubscriptionDtabDofDAccountDandDSettings.

QuestionD(4):DYourDclientDhasDmovedDandDneedsDyouDtoDmodifyDtheDbusinessDaddressDofDtheDc
ompanyDinDQuickBooksDOnline.DTakeDaDlookDatDtheDstepsDbelow.

1. SignDinDtoDyourDQuickBooksDOnlineDAccountantDaccount
2. D
3. You’llDseeDtheDclientDcompanyDdashboard
4. D
5. SelectDAccountDandDSettings6.DSelectDtheDPencilDiconDinDtheDAddressDsectionDofDt
heDCompanyDtab
6. WhatDareDtheDmissingDstepsDtoDgetDyouDtoDtheDscreenDtoDeditDtheDaddressDforDyourDclient?

Answer:

StepD2:DSelectDtheDclientDcompanyDfromDtheDClientDSwitcherDdrop-

downDinDtheDgreenDheaderDbar.DStepD4:DSelectDtheDGearDicon.

QuestionD(5):DADgreatDfeatureDofDQuickBooksDOnlineDisDthatDthereDareDotherDlistsDyouDcanDutiliz
eDtoDmakeDitDeasierDtoDfillDinDforms.DWhereDwouldDyouDgoDtoDfindDtheseDlists?

Answer:DGoDtoDtheDGearDiconDandDselectDAllDLists

QuestionD(6):DWhereDcanDyouDgoDtoDQuickBooksDOnlineDtoDimportDaDlistDofDproductsDandDservic
es?

Answer:DSelectDtheDGearDiconDandDunderDtheDToolsDcolumn,DselectDImportDData,DthenDProduct
sDandDservices.
7):DWhatDisDtheDdifferenceDbetwDenDtheD“ProfitDndDLossDReport”DandDtheD“BalanceDS
heetDReport”?

,QuestionD( e a


Answer:

● P&LDshowsDactivities:DincomeDandDexpensesDtoDarriveDatDNetDIncomeD(Profit)DforDaDspecif
icDtimeDperiod.
● TheDBalanceDSheetDshowsDvalues:DAssetsDandDLiabilitiesDtoDarriveDatDEquityD(NetDWort
h)DasDofDaDspecificDdate.
● TheDNetDincomeDfromDtheDProfitD&DLossDpassDthroughDtheDequityDsectionDinDtheDbalan
ceDsheet

QuestionD(8):DTheDChartDofDAccountsDliesDatDtheDheartDofDaDQuickBooksDOnlineDcompany.DWhic
hD5DofDtheDfollowingDstatementsDareDtrueDaboutDtheDChartDofDAccounts,DhowDtoDmakeDchangesDto
DtheDChartDofDAccounts,DandDhowDproductsDandDservicesDareDlinkedDtoDtheDChartDofDAccounts?




Answer:

● ToDaddDaDnewDaccount,DyouDopenDtheDChartDofDAccountsDbyDselectingDAccountingDfromDt
heDleftDnavigation,DthenDselectDNewDtoDopenDtheDAccountDwindow
● TheDSalesDofDProductDIncomeDaccountDisDaDdefaultDaccountDwhenDinventoryDisDturnedD
onDUncategorizedDIncomeDandDUncategorizedDExpenseDareDdefaultDaccountsDforDonlin
eDbankingDactivity
● IfDyouDaddDaDnewDaccount,DtheDcategoryDtypeDdeterminesDonDwhichDfinancialDstateme
ntDthisDaccountDwillDshow
● DeleteDanDaccountDfromDtheDChartDofDAccountsDifDitDisDnotDrelevantDtoDyourDbusiness

QuestionD(9):DIfDyouDwantDtoDgiveDoneDorDmoreDofDyourDemployee’sDaccessDtoDYourDPractice,Dwh
atDtypesDofDuserDpermissionsDcanDbeDsetDup?

Answer:DRegularDorDcustomDuser,DCompanyDadministrator,DReportsDonlyDandDTimeDTrackingDo

nly.DQuestionD(10):DLookDatDtheDfollowingD2Dstatements:


1. StatementD1D-“QuickBooksDOnlineD isDtheDdo-it-for-
meDoption;DaDcompleteDpayrollDserviceDwithDaDteamDofDUS-
basedDpayrollDexpertsDtoDtakeDcareDofDpayrollDforDyourDclient.”
2. StatementD2D-“YouDcanDalsoDlinkDupD
withDQuickBooksDtoDsimplifyDworkflo
wDandDsaveDyourselfDaDsignificantDamountDofDtime.DYou’llDbenefitDfromDaDseamless,Dend-
to-
DendDexperienceDthatDtranslatesDaDclient’sDQuickBooksDOnlineDbooksDintoDaDtaxDreturn.”




IdentifyDtheDproductsDthatDfitDinDtheDspacesDtoDcorrectlyDcompleteDtheDstatements.

Answer:DStatementD1:DFull-ServiceDPayroll;DStatementD2:DProConnectDTaxDOnline

, QuestionD( ): t e
a


11D YourDclientDwantsDtoDransfDrD$500DfromDtheirDcheckingDaccountDintoDaDsavingsDcc
ountDtoDcoverDtaxDliabilitiesDforDsalesDmadeDlastDmonth.DWhereDshouldDtheyDstartDtheDprocess?

Answer:DNavigateDtoDtheDQuickDCreateDicon,DthenDfindDtheDTransferDlink.

QuestionD(12):DLookDatDtheseDtwoDsentencesDaboutDUndepositedDFunds.

1. ByDpostingDtoD UndepositedDFunds,DyouDcanDcreateDaDsingleDbankDdepositDforDmultipl
eDpayments,DmakingDitDeasyD .
2. WhenDreceivingDaDpayment,DmakeDsureD .

WhichDofDtheDoptionsDbelowDcorrectlyDfillsDinDtheDblanks?

Answer:DToDmatchDyourDbankDregisterDwithDyourDbankDstatement;D2.DtheDDepositDtoDaccountDisDUnde
positedDFunds

QuestionD(13):DYouDhaveDaDclientDbusinessDwhoDusesDinvoicing,DtheDAccountsDReceivableDwor
kflowDandDtheyDuseDtheDBankingDscreenDtoDrecordDaDcustomerDpaymentDreceived.DTheyDselectDa
nDincomeDaccountDandDthenDselectDAdd.DWhatD2DproblemsDwillDthisDcause?

Answer:

● TheirDAccountsDReceivableDbalanceDwillDnotDbeDaccurate
● TheDincomeDaccountDwillDshowDduplicateDincome

QuestionD(14):DWhenDwouldDyouDuseDtheDAddDotherDfundsDtoDthisDdepositDgridDinDaDDepositDTransac
tion?DIdentifyDtheD3DcorrectDoptionsDbelow.

Answer:

● WhenDanDemployeeDreimbursesDtheDcompany
● YouDreceiveDaDtaxDrefundDfromDtheDIRS
● WhenDaDcompanyDdoesn’tDrecordDincomeDusingDsalesDtransactionsD(invoicesDorDsale
sDreceipts),DandDwantsDtoDrecordDdepositsDdirectlyDtoDincomeDaccounts

QuestionD(15):DWhichD2DofDtheDtransactionsDandDtoolsDinDtheDlistDareDPostingDtransactions?

Answer:

● CreditDmemos