Question 1

The Gear icon may be used to access Lists in QuickBooks Online.

Accepted Answer

The Gear icon in QuickBooks Online can be used to access various features and settings, including Lists.

Question 2

The Top-Navigation Bar, Left-Navigation Bar, Gear Icon, and Help are shown on the ________.
A)Dashboard
B)Money Bar
C)Activities Page
D)Home Page

Accepted Answer

The Home Page is the main page of the Salesforce application. It contains the Top-Navigation Bar, Left-Navigation Bar, Gear Icon, and Help.

Question 3

QuickBooks Online Plus uses the _____method of inventory valuation.
A)FIFO
B)Average Cost
C)Declining Balance
D)Accelerated Use

Accepted Answer

QuickBooks Online Plus uses the FIFO (First In, First Out) method for inventory valuation, which means that the cost of the oldest inventory items are the ones used up first.

Question 4

You must Turn on Payroll in order to access the Payroll Tax Center.

Accepted Answer

The Payroll Tax Center is a feature of QuickBooks Payroll service, and you need to have Payroll turned on to access it.

Question 5

All the accounts that your company uses can be found in the Accounting Center under Chart of Accounts.

Accepted Answer

The Chart of Accounts is a comprehensive list of all accounts used by a company, found in the Accounting Center, detailing assets, liabilities, equity, revenues, and expenses.

Question 6

When using QuickBooks Online your data is saved in the Cloud.

Accepted Answer

QuickBooks Online is a cloud-based accounting software, meaning that the data is stored on remote servers and can be accessed over the internet, not stored locally on a user's computer.

Question 7

You may find the list of Keyboard Shortcuts by clicking the_____ icon and entering Keyboard Shortcuts.
A)Gear
B)Menu
C)Help
D)Shortcuts

Accepted Answer

The correct choice is C) Help. In many applications and operating systems, keyboard shortcuts and other help-related topics can be found by navigating to the Help section or menu.

Question 8

You click the Recent Transactions icon to search for a specific invoice.

Accepted Answer

To search for a specific invoice, you typically use the search or find function within the accounting or invoicing software, not the Recent Transactions icon, which generally displays a list of the most recent transactions.

Question 9

In order to customize information shown in the Vendors List, you click the_______ icon.
A)Show
B)Settings
C)New Vendor
D)Edit

Accepted Answer

To customize information shown in the Vendors List or any similar list in various software platforms, the "Settings" icon is typically used. This icon often allows users to adjust what information is displayed, how it's sorted, and other view preferences.

Question 10

Vendors are accessed via the_______ tab on the Left-Navigation Bar.
A)Reports
B)Banking
C)Accounting
D)Expenses

Accepted Answer

Vendors are typically accessed via the "Expenses" tab on the Left-Navigation Bar in many accounting or financial software platforms, as this section often includes functionalities for managing bills, vendor information, and other expense-related transactions.

Quiz 1: Introduction to Quickbooks Online Plus

The Gear icon may be used to access Lists in QuickBooks Online.

The Top-Navigation Bar, Left-Navigation Bar, Gear Icon, and Help are shown on the ________.

QuickBooks Online Plus uses the _____method of inventory valuation.

You must Turn on Payroll in order to access the Payroll Tax Center.

All the accounts that your company uses can be found in the Accounting Center under Chart of Accounts.

When using QuickBooks Online your data is saved in the Cloud.

You may find the list of Keyboard Shortcuts by clicking the_____ icon and entering Keyboard Shortcuts.

You click the Recent Transactions icon to search for a specific invoice.

In order to customize information shown in the Vendors List, you click the_______ icon.

Vendors are accessed via the_______ tab on the Left-Navigation Bar.