Computerized Accounting Test Preparation
Course Introduction
Computerized Accounting introduces students to the principles and practices of using accounting software to manage financial transactions, records, and reports. The course covers fundamental accounting concepts while emphasizing hands-on experience with widely-used computerized accounting systems. Students will learn how to set up company accounts, process daily business transactions, manage accounts payable and receivable, reconcile bank statements, and generate financial statements electronically. The course also explores the advantages of computerized systems over manual bookkeeping, addressing topics such as data accuracy, security, and efficiency. By the end of the course, students will be equipped with the practical skills necessary to perform accounting tasks in a modern, technology-driven business environment.
Recommended Textbook
Computer Accounting with QuickBooks Online A Cloud Based Approach 2nd Edition by Carol Yacht
Available Study Resources on Quizplus
12 Chapters
239 Verified Questions
239 Flashcards
Source URL: https://quizplus.com/study-set/2778
Page 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) Another name for the Profit and Loss report is the Income Statement.
A)True
B)False
Answer: True
Q2) Subcategories for account classification are shown within the Type column on the Chart of Accounts.
A)True
B)False
Answer: False
Q3) You can only use a mouse to move around QBO.
A)True
B)False
Answer: False
Q4) To access Sales (customers), Expenses (vendors), Accounting (chart of accounts), and reports, use the Settings Menu.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: New Company Setup and the Chart of Accounts
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55380
Sample Questions
Q1) Retained earnings is a View register account.
A)True
B)False
Answer: False
Q2) 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
Q3) Software as a service and cloud computing are alike.
A)True
B)False
Answer: True
Q4) When setting up your company, use a valid email address.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Beginning Balances and October Transaction Register
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55379
Sample Questions
Q1) Use the __________________________ to record a journal entry.
A)Settings menu.
B)Create menu.
C)From the Gear icon, select vendors.
D)Select the Plus icon to show recent transactions.
E)All.
Answer: B
Q2) To go beyond QBO's customize report feature, save the recommended report as a PDF file.
A)True
B)False Answer: False
Q3) Funds can be transferred between Profit and Loss accounts but not Balance Sheet accounts.
A)True
B)False Answer: False
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Vendors and Inventory
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55378
Sample Questions
Q1) The account distribution for sales of inventory on account is:
A)Debit Merchandise Inventory and Accounts Receivable; credit Cost of Goods Sold and Sales.
B)Debit Accounts Receivable/customer and Cost of Goods Sold; credit Sales and Merchandise Inventory.
C)Debit Accounts Payable/vendor and Cost of Goods Sold; credit Accounts Receivable/customer and Checking.
D)None.
Q2) When you enter bills for a vendor, Accounts Payable and the vendor are debited.
A)True
B)False
Q3) The money a company owes to a supplier or vendor is called:
A)Accounts payable.
B)Accounts receivable.
C)Sales.
D)Purchases.
E)None.
Q4) The Balance Sheet shows the accounting equation.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Customers and Sales
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55377
Sample Questions
Q1) To start Chapter 5, what data should you check?
A)Check the October 31 balance sheet.
B)Display the Bank Reconciliation report.
C)Verify the November 12 Trial Balance.
D)Display the A/P summary.
E)None.
Q2) On invoices and other sales transactions, you select products or services which are associated with income accounts.
A)True
B)False
Q3) _______________________________________are credit transactions from customers.
A)Transfer transactions.
B)Accounts receivable transactions.
C)Accounts payable transactions.
D)Chart of accounts transactions.
E)None.
Q4) Registers are a useful way to look at transactions and amounts associated with a particular account.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: December Source Documents
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55376
Sample Questions
Q1) Sales receipts and remittances work together.
A)True
B)False
Q2) Who sends verification of credit card receipts?
A)Customers.
B)Vendors.
C)Clients.
D)Bank.
E)None.
Q3) One computer is sold for:
A)$500.00.
B)$1,000.00
C)$900.00.
D)$450.00.
E)None.
Q4) The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Analysis and Reportsend of Fourth Quarter and Year
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55375
Sample Questions
Q1) Before completing work in Chapter 7, display the:
A)Export the October 1 trial balance to Excel.
B)Save the November 30 trial balance as a PDF file.
C)October 1 through December 31 trial balance.
D)All.
E)None.
Q2) Products and services can be used to represent different services or goods.
A)True
B)False
Q3) Accounts that are closed as the end of the year are called:
A)Permanent accounts.
B)Temporary accounts.
C)Balance sheet accounts.
D)Trial balance accounts.
E)All.
Q4) Adjusting entries are recorded on the Invoice page.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: January Source Documents
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55374
Sample Questions
Q1) Sales on account to customers are recorded on this page:
A)Journal entry.
B)Invoice.
C)Bill.
D)Sales Receipt.
E)None.
Q2) QB Online tracks Accounts Receivable (A/R) by entering a bill, then paying the bill.
A)True
B)False
Q3) Vendor terms are Net 60.
A)True
B)False
Q4) Vendor purchases on account are recorded on this page:
A)Journal entry.
B)Invoice.
C)Bill.
D)Sales Receipt.
E)None.
To view all questions and flashcards with answers, click on the resource link above.
Page 10
Chapter 9: February Source Documents
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55373
Sample Questions
Q1) If you think an invoice needs to be changed, what report should you look at?
A)Balance Sheet.
B)Profit and Loss.
C)Statement of Cash Flows.
D)Audit Log.
E)All.
Q2) Search for a QBO transaction by selecting the Plus sign to go to the Create Menu.
A)True
B)False
Q3) When recording a credit card sale, select the following:
A)Vendors.
B)Bill payments.
C)Type of credit card.
D)+ > Invoice.
E)None.
Q4) For products sold for cash and credit cards used, link to Invoices.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
11
Chapter 10: February Source Documents
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19 Verified Questions
19 Flashcards
Source URL: https://quizplus.com/quiz/55372
Sample Questions
Q1) To remove a product from the item list, make it inactive.
A)True
B)False
Q2) The source documents in Chapter 10 include.
A)Credit card sales.
B)Accounts payable transactions.
C)Accounts receivable transactions.
D)Checks.
E)All.
Q3) Sign out is included as a link on the Create menu.
A)True
B)False
Q4) Which report shows unpaid invoices for the current period?
A)Balance Sheet.
B)A/P Summary.
C)A/R Summary.
D)Profit and Loss.
E)None.
To view all questions and flashcards with answers, click on the resource link above.
Page 12
Chapter 11: Certification, Report Customization and Quickbooks Labs
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55371
Sample Questions
Q1) Select the best description for QuickBooks Labs?
A)Plug-ins.
B)Recent transactions.
C)Search.
D)Account and Settings.
E)All.
Q2) When preparing for the QBO certification test, students should know how to:
A)Complete company settings or preferences.
B)Navigate the user interface, set up beginning balances, complete Accounts Payable and Accounts Receivable workflows.
C)Complete report customization.
D)Export report to Excel and/or save as PDF files.
E)All.
Q3) What feature lets you save customized reports?
A)Memorize transactions.
B)Save and name customized report.
C)Update report and name customized report.
D)Automate report.
E)None.
Page 13
To view all questions and flashcards with answers, click on the resource link above.
Chapter 12: Apps, Updates, Quickbooks Blog and Tips
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/55370
Sample Questions
Q1) Use the QBO blog to learn about the software.
A)True
B)False
Q2) If you want QBO to interact with customers so you don't have to enter customer information twice, what type of app do you use?
A)ERP.
B)CRM.
C)iOS.
D)Browser.
E)All.
Q3) The QBO Blog only includes posts from Intuit.
A)True
B)False
Q4) You can browse apps by category.
A)True
B)False
Q5) The QBO Blog includes the latest information about the software.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 14