Business Applications Software
Exam Materials
Course Introduction
This course provides an in-depth exploration of common business application software tools used in the modern workplace, including word processing, spreadsheets, presentation software, and databases. Students will gain practical skills in utilizing these applications to organize data, create professional documents, analyze information, and design compelling presentations. Emphasis is placed on real-world business scenarios, efficiency, and problem-solving to prepare students for effective use of technology in business environments.
Recommended Textbook
Computer Accounting with QuickBooks Online A Cloud Based Approach 2nd Edition by Carol Yacht
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12 Chapters
239 Verified Questions
239 Flashcards
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2
Chapter 1: Quickbooks Online Test-Drive
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55381
Sample Questions
Q1) To access Sales (customers), Expenses (vendors), Accounting (chart of accounts), and reports, use the Settings Menu.
A)True
B)False
Answer: False
Q2) Subcategories for account classification are shown within the Type column on the Chart of Accounts.
A)True
B)False
Answer: False
Q3) The Dashboard is the central place for getting an overview of the company.
A)True
B)False Answer: True
Q4) A Chart of Accounts is a list of the company snapshot accounts.
A)True
B)False
Answer: False
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Chapter 2: New Company Setup and the Chart of Accounts
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20 Verified Questions
20 Flashcards
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Sample Questions
Q1) Refers to software that is built, installed, delivered and accessed entirely from remote web servers.
A)Cloudware.
B)Software.
C)Hardware.
D)Google docs.
E)All.
Answer: A
Q2) A list of all the changes that have been made to the company data and by whom.
A)Settings menu.
B)Navigation bar.
C)Business processes.
D)Audit log.
E)All.
Answer: D
Q3) Retained earnings is a View register account.
A)True
B)False
Answer: False
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Page 4
Chapter 3: Beginning Balances and October Transaction Register
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20 Flashcards
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Sample Questions
Q1) To go beyond QBO's customize report feature, save the recommended report as a PDF file.
A)True
B)False Answer: False
Q2) The Balance Sheet lists assets, liabilities, and equity.
A)True
B)False Answer: True
Q3) When QBO updates, accounts may be added automatically to the chart of accounts.
A)True
B)False Answer: True
Q4) In Chapter 3, the account distribution for a sales receipt is:
A)Debit Sales; credit Checking.
B)Debit Checking; credit Sales.
C)Debit Accounts Payable/vendor; credit Checking.
D)Debit Checking; credit Accounts Receivable.
E)None.
Answer: B
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Chapter 4: Vendors and Inventory
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20 Flashcards
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Sample Questions
Q1) Before you reconcile, the check register balance does not include the bank's service charge.
A)True
B)False
Q2) Use products and services to enter consistent transaction descriptions, prices and rates.
A)True
B)False
Q3) QB Cloud receives bank statements at the end of the quarter.
A)True
B)False
Q4) QBO organizes and monitors accounts payable.
A)True
B)False
Q5) The account distribution for purchases of inventory on account is:
A)Debit Checking and Merchandise Inventory; credit Accounts Receivable/customer.
B)Debit Merchandise Inventory and Accounts Receivable; credit Sales.
C)Debit Accounts Receivable/Customer; credit Accounts Payable/vendor.
D)Debit Merchandise Inventory; credit Accounts Payable/vendor.
E)None.
6
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Chapter 5: Customers and Sales
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20 Flashcards
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Sample Questions
Q1) To edit a customer record, use:
A)Reconcile.
B)The bank register.
C)Accounts receivable reports.
D)Drill down.
E)All.
Q2) To view the customers added in Chapter 5, go to:
A)The trial balance.
B)Reports > Customer Contact List
C)Accounting > Chart of Accounts.
D)Reports > Recommended Reports > Search for Journal.
E)None.
Q3) Once you issue an invoice to a customer, that customer owes your business money.
A)True
B)False
Q4) A Bank Statement shows the checks and deposits that cleared the bank.
A)True
B)False
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Chapter 6: December Source Documents
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Sample Questions
Q1) The action of sending money in payment of a bill is called a/an:
A)Activity.
B)Transaction.
C)Remittance.
D)General journal entry.
E)None.
Q2) Before completing the work within Chapter 6, check your data with the following report:
A)December 1 Trial Balance.
B)December 31 Trial Balance.
C)November 30 P&L.
D)November 1 Balance Sheet.
E)None.
Q3) For Credit Card Sales, what selections are made?
A)Create menu (+) > Sales Receipts.
B)Create menu (+) > Credit Card Credit.
C)Gear > Account and Settings > Advanced.
D)Gear > Manage Users.
E)None.
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Page 8
Chapter 7: Analysis and Reportsend of Fourth Quarter and Year
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Sample Questions
Q1) When does QB Cloud record adjusting entries?
A)Every month.
B)End of the quarter.
C)Weekly.
D)All.
E)None.
Q2) In Chapter 7, adjusting entries are dated December 31.
A)True
B)False
Q3) The purpose of an adjusting entry is a/an:
A)Accurate Profit and Loss statement and Balance Sheet.
B)Create menu (+) > Credit Card Credit.
C)Gear > Account and Settings > Advanced.
D)Gear > Manage Users.
E)None.
Q4) To see the appropriate report balances, type the date range.
A)True
B)False
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Chapter 8: January Source Documents
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20 Flashcards
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Sample Questions
Q1) Vendor terms are Net 60.
A)True
B)False
Q2) In QuickBooks you can void a check if it was lost in the mail or never cashed.
A)True
B)False
Q3) What type of entries does the Journal report show?
A)Check.
B)Sales Receipt.
C)Bill.
D)Invoice.
E)All.
Q4) What are the sequence of steps to complete bank reconciliation:
A)Accounting > Reports > Recommended Reports > Journal Entry.
B)Gear > Audit Log > Account and Settings.
C)Accounting > Chart of Accounts > 101 Checking > Reconcile.
D)All.
E)None.
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Chapter 9: February Source Documents
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Sample Questions
Q1) Identify the primary financial statement that summarizes the Chart of Accounts.
A)Profit and Loss.
B)Summary reports such as A/R Aging.
C)Adjusting entry report.
D)Cash Flow forecast.
E)None.
Q2) To make sure you are starting in the correct place in the data, display the:
A)October 1 through December 31 Balance Sheet.
B)January 1 through January 31 Profit and Loss.
C)January 1 through January 31 Trial Balance.
D)Transaction register.
E)None.
Q3) Which report shows you information on your income and expenses for a specific period?
A)Balance Sheet.
B)Comparative Budget report.
C)Money-out summary.
D)Profit and Loss.
E)None.
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Page 11
Chapter 10: February Source Documents
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19 Verified Questions
19 Flashcards
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Sample Questions
Q1) March 31 is the end of the:
A)Fourth quarter.
B)Third quarter.
C)Second quarter.
D)First quarter.
E)None.
Q2) This report breaks down every transaction during a period of time into debits and credits and displays them chronologically.
A)Customer balance summary.
B)Vendor balance summary.
C)Profit and Loss.
D)Journal.
E)All.
Q3) The Create menu includes the Chart of Accounts.
A)True
B)False
Q4) You cannot merge two accounts that are not the same type.
A)True
B)False
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Chapter 11: Certification, Report Customization and Quickbooks Labs
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20 Flashcards
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Sample Questions
Q1) QBO's items or products and services are included within the customer center. A)True
B)False
Q2) The purchases module includes all of the following except:
A)Vendor center.
B)Customer center.
C)Bank reconciliation.
D)Accounts payable transactions.
E)None.
Q3) Entering and paying bills is part of the Accounts Payable workflow.
A)True
B)False
Q4) Which of the following objectives does the QBO certification test cover: A)QBO setup.
B)Purchases.
C)Sales.
D)Reports.
E)All.
Page 13
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Chapter 12: Apps, Updates, Quickbooks Blog and Tips
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20 Flashcards
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Sample Questions
Q1) The QBO Blog is changed regularly.
A)True
B)False
Q2) The QBO Blog includes the latest information about the software.
A)True
B)False
Q3) Use the QBO blog to learn about the software.
A)True
B)False
Q4) QBO has an app for PayPal.
A)True
B)False
Q5) What type of QBO feature can you use to collect a customer payment on the fly (for example, you're away from your desk, or you're in a mobile situation)?
A)Use QBO apps.
B)Run the A/R Aging Report.
C)Export the Vendor Balance Summary to Excel.
D)There is no way to collect customer payment on the fly.
E)None.
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