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Which of the following does not appear on the QuickBooks Online Navigation Bar? a. Accounting b. Expenses c. Owners d. Sales 01.2 Which of the following categories does not appear on the QuickBooks (+) New screen? a. Banking b. Customers c. Employees d. Vendors 01.3 How do you access QBO Account and Settings? a. (+) New icon b. Gear icon c. Search icon d. Help icon Q1.4 What are two ways that we can access and view the Chart of Accounts in QBO? a. From the Navigation Bar select Accounting b. From the (+) New icon select Other > Chart of Accounts c. From the Gear icon select Chart of Accounts d. From the Home Page select Chart of Accounts

Q1.5 Which of the following could be considered three main processes of the QBO SatNav fo a. QBO Settings, QBO Transactions, QBO Reports b. QBO Sales, QBO Expenses, QBO Reports c. QBO Chart of Accounts, QBO Exchanges, QBO Settings d. QBO Sales Transactions, QBO Banking Transactions, QBO Reports Q1.6 QBO transactions include which of the following? a. Sales b. Expenses c. Banking d. All of these Q1.7 Financial statements include which of the following two? a. Income statement b. Statement of cash flows c. Cash flow forecast d. Physical inventory worksheet 01.8 Which of the following legal entities can use QuickBooks Online? a. Sole proprietorship b. Partnership c. S corporation d. All of these Q1.9 Match the following legal entities with the federal tax rt 1. Form 1040 Schedule C 2. Form 1120 3. Form 1065 4 Form 1120S a. Partnership b. C Corporation c. S Corporation d. Sole Proprietorship

Q1.10 Which federal tax return does an LLC (Limited Liability Company) file? a. Form 1040 Schedule C b. Form 1065 C. Form 1120S d. It depends upon how the LLC chooses to be treated for tax purposes Q1.11 QuickBooks Online Settings to set up a new company include which of the following two? a. Chart of Accounts b. Reconciliation Settings c. Company Settings d. Tax Settings

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