Computer Accounting Study Set 2

Business

Quiz 2 :

New Company Setup and the Chart of Accounts

Quiz 2 :

New Company Setup and the Chart of Accounts

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View register accounts appear on the Profit & Loss report.
Free
True False
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False

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The Dashboard always includes updated message.
Free
True False
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Answer:

False

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This term refers to a business owner's ability to regularly check fraud prevention procedures.
Free
Multiple Choice
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Answer:

D

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Each sign-in may be authenticated by:
Multiple Choice
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Retained earnings is a View register account.
True False
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When batch edit is selected, the Chart of Accounts includes a number field so that numerous account numbers can be added.
True False
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The QBO Chart of Accounts automatically sets up the appropriate account numbers.
True False
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When changes are made, this type of message may appear on QBO page(s):
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QuickBooks Online automatically sets up a chart of accounts.
True False
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Each time you sign into QBO, the software is the most current version which means some of the screens may change.
True False
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A list of all the changes that have been made to the company data and by whom.
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Multi-factor authentication requires a:
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Software as a service and cloud computing are alike.
True False
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When setting up your company, use a valid email address.
True False
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Using a subscription model, this is a way of delivering applications over the Internet.
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The name of the company set up in Chapter 2 is:
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__________ gives the professor access to your account.
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On the Chart of Accounts, the Run report accounts appear on the Balance Sheet.
True False
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Another name for the Chart of Accounts is:
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Refers to software that is built, installed, delivered, and accessed entirely from remote web servers.
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