QuickBooks Online 2024 Practice Exam 2 Training Questions with Correct Answers
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Course
Quickbooks online
Institution
Quickbooks Online
What should you do if you drive past your exit on an interstate highway? - Answer-If you drive past the exit where you wanted to leave an interstate highway, you should: Go on to the next exit. As you are preparing to turn right at an intersection, you should: Slow down to a safe turning speed.
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QuickBooks Online 2024 Practice Exam
2 Training Questions with Correct
Answers
What should you do if you drive past your exit on an interstate highway? - Answer-If you
drive past the exit where you wanted to leave an interstate highway, you should: Go on
to the next exit. As you are preparing to turn right at an intersection, you should: Slow
down to a safe turning speed.
Where should you move your vehicle if you break down while driving on the highway? -
Answer-Florida law requires you to Move Over a lane — when you can safely do so —
for stopped law enforcement, emergency, sanitation, and utility service vehicles, tow
trucks or wreckers, and maintenance or construction vehicles with displayed warning
lights without advanced signs or channelizing devices.
Which two features are benefits of QuickBooks Online Plus not available in QuickBooks
Online Self-employed, Simple Start, or Essentials? (Choose 2) - Answer--Track
Profitability by Project
-Track Inventory
You want to migrate a company to QuickBooks Online.Move the migration steps on the
left to their proper order on the right. - Answer-step 1. in QB log in as admin to the
company file you need to import
step2. go to the company menu, then select export file to QB online
step3. Select get started
step4. click select destination, then sign in to the QB online account
Can edit - Answer-The Company tab is where you can view and edit company
information, specifically;*
Company Name*
Company Address*
Contact Info*
Employer Identification Number (EIN)
cannot edit - Answer-company products
service price list
project tracking - Answer-monitors income and expenses for a time-limited job or
program without the need to set up a new code.
location tracking - Answer-can report sales, purchases, and profitability by business
department, office, region, or geographic structure.
, class tracking - Answer-can assign each line item of purchases from a bill to a different
code.
Class, Location, and Project Tracking are available in all versions of Quickbooks Online
- Answer-no
To fully activate Project Tracking, class codes must be setup. - Answer-no
Class, Location, and Project tracking are activated by changing Off to On in the
Advanced tab of Account and Settings - Answer-yes
QuickBooks Online allows users to enter budgets for each project and to view Budget
Vs. Actual reports. - Answer-yes
Which three lists can be imported into QuickBooks Online? - Answer-customers
chart of accounts
vendors
anddd products and services
chart of accounts - Answer-All of the accounts to track financial information, such as
Accounts Payable, Accounts Receivable, Opening Balance Equity, Payroll Expense,
Payroll Liability, Retained Earnings, etc. are on the Chart of Accounts.
item - Answer-Product or Service name, description, price, SKU, and any custom fields
are found on the Item List.
customer list - Answer-Buyer names, contact information, billing addresses, and
payment terms are found on the Customer List.
vendor list - Answer-Supplier names, contact information, billing addresses, and
payment terms are found on the Vendor List.
Change the price of the Faust book to 7.99. - Answer-click edit by the faust name
click the price/rate field
type 7.99
click save and close
In QuickBooks Online, what are the three types of recurrance? - Answer-scheduled
unscheduled
reminder
Which two situations would require that you implement journal entries? (Choose 2). -
Answer--entering debits and credits manually
-transferring money between income and expense accounts
What is the purpose of QuickBooks Online apps? - Answer-Enhance functionality
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