Computerized Accounting Chapter 1 Quiz

A chart of accounts is a list of all the accounts used by a company showing identifying numbers assigned to each account.

true

Each time you start QBO's sample company, a new session of the company starts.

true

QBO can be used on Windows and Mac operating systems.

true

Since QBO is web-delivered, you need an internet connection.

true

The Journal report shows every transaction during a period of time and includes debits and credits.

true

The user interface is the link between a user and the software.

true

The following Internet browsers can be used with QB Online: Internet Explorer Firefox Google Chrome Safari All of these

All of these

To navigate the QBO interface, select: Customers Vendors Employees Reports All of these

All of these

When you start QBO, you need to:

Complete security verification

To start Quickbooks Online, you need to:

Start your internet browser

From the plus (+) sign, you can: Create an invoice Create a sales receipt Enter a bill Write a check All of these

all of these

QBO's Dashboard displays one or more of the following: Bar and pie charts Line graphs Data metrics and visualization Current bank accounts All of these

all of these

A list of all the accounts used in the General Ledger is called a:

chart of accounts

The central place for getting an overview of the company is called the:

dashboard

Each time you log into the sample company, the same security verification is used.

false

In the business snapshot, the general ledger is shown.

false

One of the ways to add an invoice, click on the gear icon.

false

The QuickBooks Online (QBO) sample company is Bellflower Landscaping.

false

Use this icon to search transactions.

magnifying glass

In which of the following areas, is the Chart of Accounts located?

settings