Chapter 1

Question 1

QuickBooks Online is actually what type of program with customized interfaces?

Answer 1

Database

Question 2

The first step after logging into the Test Drive company should always be to…

Answer 2

adjust the “Log Out” time to 3 hours.

Question 3

QuickBooks was created by…

Answer 3

Intuit.

Question 4

For practice in this course, you will be entering transactions in…

Answer 4

a Test Drive company for Craigs’s Design and Landscaping.

Question 5

Since QBO saves each transaction as soon as it is recorded, to ensure that there is no data loss, it is best to do what when you leave a company file?

Answer 5

Nothing, just log out.

Question 6

Transactions must be compiled into information for reports in QBO before they can be displayed.

Answer 6

False

Question 7

If not adjusted, the QBO Test Drive company will log you out and reset all data after you have not used it in…

Answer 7

one hour.

Question 8

In the Project 1 Homework Assignment, Robertson & Associates owes Craig’s Design and Landscaping $315.00.

Answer 8

False

Question 9

Which order will you follow for each Project in this course?

Answer 9

Watch the video, then complete the Homework Assignment, then take the Quiz.

Question 10

In the Project 1 Homework Assignment, what is the street number of the Freeman Sporting Goods location on Twin Road?

Answer 10

370

Question 11

In the Project 1 Homework Assignment, Hick’s Hardware’s zip code is…

Answer 11

94303

Question 12

When recording a check, the transaction must also be recorded in the bank account register?

Answer 12

False

Question 13

Which of the following could result in changes to QBO that would be apparent to the user?

Answer 13

Upgrades

Question 14

While not required, it is advised that you do what after you complete the Homework Assignment?

Answer 14

Keep the Test Drive open with your work.

Question 15

In the Project 1 Homework Assignment, estimate #1001 for Paulsen Medical Supplies is “Converted”.

Answer 15

True

Question 16

There may be differences between the screens you see in the video lessons and what you’re currently seeing in your Test Drive company.

Answer 16

True

Question 17

A transaction in QBO is created by linking together items from…

Answer 17

different lists.

Question 18

All changes you’ve made in the Craig’s Design and Landscaping Test Drive company will reset if your power goes out.

Answer 18

True

Question 19

For sample purposes, the dates used in the Test Drive company always will be in the previous year.

Answer 19

False