Business Applications Software
Pre-Test Questions
Course Introduction
Business Applications Software explores the essential software tools used in modern organizations to enhance productivity, streamline operations, and support decision-making processes. The course covers a range of applications including word processing, spreadsheets, databases, presentation tools, and collaborative platforms, emphasizing their practical uses in business scenarios. Students will gain hands-on experience with industry-standard software, develop skills in data management, analysis, and reporting, and understand how these technologies can optimize business functions and contribute to organizational success.
Recommended Textbook
Computer Accounting with QuickBooks Online 1st Edition by Donna Kay
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10 Chapters
200 Verified Questions
200 Flashcards
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Page 2
Chapter 1: Quickbooks Online Navigation and Settings
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Sample Questions
Q1) Which of the following statements is true regarding QBO?
A)QBO can only be accessed by using installed software on a computer desktop or laptop.
B)QBO is updated annually to ensure the content screens are familiar to users.
C)QBO does not require a user to have integrated knowledge of accounting,financial systems or technology.
D)QBO is cloud-based and uses a web browser to access information vs.installed software.
Answer: D
Q2) QBO SatNav divides QBO into which of the following three processes?
A)QBO Settings,QBO Transactions,and QBO Reports
B)QBO Search,QBO Help and Support,and QBO Reports
C)QBO Settings,QBO Search,QBO Help and Support
D)QBO Settings,QBO Transactions,and QBO Search
Answer: A
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3
Chapter 2: QBO Chart of Accounts
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Sample Questions
Q1) Which is not true regarding deleting accounts in the QBO COA?
A)Only accounts not being used can be deleted.
B)If an account has not been used in 1 year or longer,even if it has a balance,it can be deleted.
C)If an account has been used to record a transaction and has a balance,it can't be deleted.
D)If an account has Sub-accounts associated with it,it can't be deleted.
Answer: B
Q2) The balance sheet summarizes what a company owns and what it owes.What account types are on the balance statement?
A)Assets,Expenses,Liabilities,and Owners' Equity (or Stockholders' Equity).
B)Assets,Liabilities,Revenues,and Owners' Equity (or Stockholders' Equity).
C)Assets,Liabilities,Revenues and Expenses.
D)Assets,Liabilities,and Owners' Equity (or Stockholders' Equity).
Answer: D
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Chapter 3: QBO Transactions
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Sample Questions
Q1) Which is not true regarding entering transactions into QBO?
A)There are two methods for entering transactions: Onscreen Journal and Onscreen Forms.
B)Onscreen Journal is more accurate and preferred since QBO will show the user the Journal Entry immediately after entry.
C)Onscreen Journal is often used to make adjusting entries at year end.
D)When entering information into Onscreen Form,QBO automatically converts the information into a journal entry.
Answer: B
Q2) QBO groups transactions into the following different types?
A)Banking and Credit Card,Customers and Sales,Vendors and Expenses,and Employees and Payroll.
B)Banking and Credit Card,Customers and Sales,Payables,Employees and Payroll,and Other.
C)Banking and Credit Card,Customers and Sales,Vendors and Expenses,Employees and Payroll,and Other.
D)Banking and Savings,Customers and Sales,Vendors and Expenses,Employees and Payroll,and Other.
Answer: C
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Page 5
Chapter 4: Banking
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Sample Questions
Q1) What are the four main ways QBO records money out?
A)Interest Earned,Investments from Owners,Bill > Pay Bills,and Purchase Order > Pay Bills.
B)Expense,Check,Bill > Pay Bills,and Purchase Order >Bill> Pay Bills.
C)Expense,Receipt Advices,Bill > Pay Bills,and Purchase Order > Bill > Pay Bills.
D)Expense,Check,Bill > Pay Bills,and Interest on Investments.
Q2) What are the two reasons differences exist between the bank statement and accounting records?
A)Bank errors and timing differences.
B)Company accounting errors and timing differences.
C)Errors (bank or company)and timing differences.
D)Timing differences and bank system errors.
Q3) Businesses might want to have multiple checking accounts to provide various functions.What type checking account would a business NOT want to have?
A)Salaried Payroll
B)Operations related
C)Owner's personal expenses
D)Hourly Payroll
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6
Chapter 5: Customers and Sales
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Sample Questions
Q1) In QBO,when is a sales transaction recorded on an invoice?
A)The product or service is provided to the customer and the customer pays immediately.
B)An estimate of the cost of products or services is needed for the future.
C)The product or service is provided to the customer and the customer promises to pay later.
D)A credit or reduction in the amount charged to the customer is needed to be communicated.
Q2) Which of the following is NOT true regarding the Allowance method?
A)The uncollectible accounts expense is estimated in advance of the write-off.
B)The estimate can be calculated as a percentage of sales or as a percentage of accounts receivable.
C)The method should be used if uncollectible accounts have a material effect on a company's financial statements.
D)This method is used for tax purposes.
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7
Chapter 6: Vendors and Expenses
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Sample Questions
Q1) How does QBO define a vendor?
A)Any individual or organization that provides products or services to a company.
B)Any individual working for the corporation on a contract or employee basis (not organizations).
C)An organization providing services to a company (not individuals).
D)Individual industrial suppliers to an organization.
Q2) Which of the following is true regarding recording an accounts payable transaction?
A)When a purchase is made,accounts payable is increased with a debit and when the bill is paid,accounts payable is decreased with a credit.
B)Accounts payable transactions arise solely from inventory purchases and not service related payments.
C)Accounts payable represents a note; a vendor ensures we sign an agreement with interest paid.
D)When a purchase is made,accounts payable is increased with a credit and when the bill is paid,accounts payable is decreased with a debit.
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8
Chapter 7: Inventory
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Sample Questions
Q1) How is a Purchase Order different from a Bill?
A)Purchase Order - records a fulfilled order of purchased products from a vendor. Billmailed by the vendor once the order has been approved by a company.
B)Purchase Order - record of an order to purchase products from a vendor. Billreceived when a purchase order has been fulfilled and received by a company.
C)Purchase Order - preliminary pricing of items ordered. Bill - received when a purchase order has been fulfilled and received by a company.
D)Purchase Order - record of an order to purchase products from a vendor. Bill - record collection of the customer's payment.
Q2) A customer may pay using the following methods in QBO?
A)Online Credit Card,Online Bank Transfer,or Customer Check
B)Credit Card (online,phone,in person,or mail),Online (credit card or bank transfer),or Customer Check
C)Credit Card (online or phone),Online Bank Transfer,or Customer Check
D)Check or Online Credit Card
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9
Chapter 8: Employees and Payroll
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Sample Questions
Q1) Which of the following describes the QBO Mobile Payroll app?
A)It offers employers the convenience of running payroll from their device (Apple or Android)and is synced with QBO.
B)It is a reference tool for employers to answer complicated employee payroll tax questions from their device.
C)It allows employees the opportunity to review their payroll and contest any issues from their mobile device.
D)It provides the opportunity for employees to receive their tax forms on their device to automatically upload to the IRS.
Q2) Which selection below is FALSE regarding payroll?
A)Payroll involves preparing employee paychecks.
B)Payroll involves paying independent contractors as well as employees.
C)Payroll involves withholding the appropriate amount in taxes.
D)Payroll is paying the company's share of payroll taxes.
Q3) What are the 2 main aspects of using QBO Employee and Payroll?
A)Setting up payroll and Processing payroll
B)Payroll taxes and Payroll Reporting
C)Payroll payment and Payroll reporting
D)Employee hiring and Employee dismissal
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Page 10
Chapter 9: QBO Adjustments
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Sample Questions
Q1) What is the easiest way to correct an error?
A)First,make the correct entry that should have been made initially.Second,eliminate the effect of the incorrect entry by making the opposite journal entry.
B)Update accounts via a journal entry that are required to bring the accounts up to date as of a certain date.
C)First,eliminate the effect of the incorrect entry by making the opposite journal entry. Second,make the correct entry that should have been made initially.
D)Make the correct entry that should have been done initially.
Q2) Which selection below is FALSE regarding Adjustments?
A)Adjustments bring accounts up to date and show the correct account balances on financial reports.
B)Adjusting entries are dated the first day of the accounting period.
C)Adjustments are typically made at the end of the accounting period to up date accounts before year-end reports are prepared.
D)Adjustments are also called Adjusting Entries since we enter Adjustments by making entries into a Journal.
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11
Chapter 10: QBO Reports
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Sample Questions
Q1) What is NOT true regarding QBO reports?
A)QBO offers a limited number of reports to ensure its users are not overwhelmed with information they do not need.
B)Most QBO reports are accessed from the Navigation Bar.
C)QBO offers numerous reports to meet the needs of a wide array of users.
D)From the Navigation Bar,Dashboard can be selected which summarizes key financial information.
Q2) What is NOT true regarding the Trial Balance?
A)Trial Balances are prepared only after making adjustments (adjusting entries)since the account balances must be up to date to prepare a trial balance.
B)It is a listing of all of the company's accounts and the ending account balances; it is prepared both before and after making adjusting entries.
C)Its purpose is to verify account balances and ensure an accounting system balances.
D)To view a Trial Balance in QBO view All Reports in Reports and select Accounting Reports.
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