FIRST NAME LAST NAME Your Email 1. What account type is "cash on hand” (in wallet)? a. EXPENSEb. INCOMEc. EQUITYd. BANK 2. If you pay from your bank account to a credit card to decrease the balance, where do you record the payment? a. The check windowb. The expense windowc. Either A or Bd. Neither A nor B 3. How many accounts change when you make monthly payments to a loan that accumulates interest a. 2 – Bank Account and Interest expenseb. 2 – Bank Account and Loan Balance (Long Term Liability)c. 3 - Bank Account, Interest Expense and Loan Balanced. 4 – Bank Account, Loan Balance, Interest Expense and Interest Receivable 4. How can you get QuickBooks Online to enter transactions automatically? a. Use “Recurring” Transactionsb. Use The Calanderc. Use The Reminder Listd. Record All Expected Transactions In Advance 5. How can you find all the checks you wrote to 1 individual? a. Use the transaction list by vendor reportb. Use the Trial Balancec. Make a Journal entryd. None of the above 6. How can you find a transaction after you already recorded it? a. Sort with the feature at the bottom of the register window and look closely in the register for the transaction you're looking forb. Open up the trial balance and double click the account that the transaction was recorded inc. Use the find window and put an information about the transactiond. All of the above 7. How can you display separate profit and loss reports where one profit and loss report shows only things that you will include on your taxes and the other shows everything? a. Customize the reports and save them to the icon barb. Upgrade your QuickBooks so you can have superior reportsc. Download the 2 separate reports from the Internetd. Use class tracking 8. How do you turn on class tracking in QuickBooks Online ? a. You have to choose that option when you 1st sign-up for the account or you cannot use classesb. Open the “account settings” windowc. You have to put the classes in the chart of accountsd. All of the above
