1. Which of the following is NOT a method to create a new bill?

a. Click Business > Purchase Overview > + New > Bill

b. After adding a new bill, click “Add another bill” on the success prompt at the top of the
screen.
c. Click the “ + “ display at the top right of your screen and the select Bill.
d. Click Business > Bills to Pay > + New > Bill
2. Which of the following is a way to have the bills marked as paid?
a. Mark the checkbox on the left hand corner of the bills awaiting payment and click batch
payment to proceed with paying the bill, set the payment date as today, then click make
payments.
b. Add a date on the planned date column to reflect a date that is other than today.
c. Go to Business > Bills to pay > then select the bill that you need to pay > click “convert to
invoice”.
d. On the bills to pay interface, click the bill that is settled and select “Mark as Paid”.
3. Which of the following is TRUE with regards to bills creation and payment?
a. You can only generate bills for your inventory items.
b. Bills are automatically deleted when payment has already been made.
c. A bill may be generated from a purchase order even if the purchase order has not been
completely fulfilled.
d. Batch payments requires that the selected bills must be payable to one vendor only.
4. Which of the Following statements is FALSE with regards to bills?
a. A partially paid bill will transfer to paid invoices with regards to the paid amount.
b. A purchase order that is fulfilled in two installments will yield one bill when converted to
bill.
c. A repeating bill will only produce one bill for the entire cycle of the bill.
d. You cannot schedule a payment date for a bill that is before its due date.
5. Which of the following is not a field that is required to be filled-up when creating new bills?
a. From (vendor or supplier)
b. Quantity
c. Reference
d. Total
6. What is the effect of creating a purchase order on quantity for tracked inventory items?
a. The quantity of tracked inventory items will be increased and the items in the purchase
order will be recorded as “in transit”
b. The inventory items listed will not be affected but there will be an amount under the
column “in transit” equivalent to the quantity listed on the purchase order.
c. The purchase order will automatically be converted into a bill and will increase the
inventory quantity of the item ordered.
d. No effect.
7. Which of the following is not a way to input an item when creating a new purchase order?
a. Key in the first few letters of the item code and the corresponding item code will
appear. Once it appears, you click to select.
b. Click the drop down arrow and look for the item code and click to select.
c. Click the drop down arrow and select “+Add Item” to include a new inventory item.
 d. When you create a repeating purchase order, it will automatically populate a purchase
order on the item field.
8. Which of the following is TRUE with regards to converting purchase orders to bills?
a. You cannot create a bill from a purchase order.
b. When you convert a purchase order to bill, it cannot be edited anymore.
c. The resulting bill from the purchase order is automatically approved and awaiting
payment.
d. When a purchase order is converted to a bill for partial delivery, the original purchase
order will remain the same, even though there is a decline already in the items awaiting
delivery.
9. Which of the following is TRUE with regards to purchase orders?
a. You can only create a purchase order for inventory items that are included in your
listing.
b. You can only create a purchase order for an item that you sell.
c. You can only affect the inventory quantity through a purchase order when it is
converted to a bill.
d. You can only convert a purchase order when there is an invoice reference.
10. Which of the following is not a required column for Sales Invoice template?
a. Invoice Number
b. Discount
c. Due Date
d. Account code
11. Which of the following statements is false with regards to repeating sales invoice?
a. You can create an automatically approved repeating sales invoice for tracked items.
b. A repeating sales invoice can be continued indefinitely.
c. A repeating sales invoice can automatically be approved and sent to the customer.
d. A repeating sales invoice may have varying reference details per invoice
12. Statement 1: You can edit a sales invoice and add an untracked item at any quantity needed.
Statement 2: After including the edits for a sales invoice, the details will automatically be
updated and you may click exit and view the updated invoice afterwards.
a. Statement 1 is True, Statement 2 is False
b. Statement 1 is False, Statement 2 is True
c. Both statements are True
d. Both statements are False
13. Statement 1: When you click “See All” for sales invoices, you can view all created invoices,
including voided and deleted invoices.
Statement 2: Voided Sales Invoices can be reactivated through opening the voided sales invoice
and clicking “reactivate”.
a. Statement 1 is True, Statement 2 is False
b. Statement 1 is False, Statement 2 is True
c. Both statements are True
d. Both statements are False
14. Statement 1: A sales invoice, once imported, is reflected in the financial statements.
Statement 2: Once imported, a sales invoice will be reflected as “Awaiting Approval”
 a. Statement 1 is True, Statement 2 is False
b. Statement 1 is False, Statement 2 is True
c. Both statements are True
d. Both statements are False
15. A word or phrase that is used to “stand-in” for a changing quantity for a repeating sales invoice.
a. Placeholder
b. Nameholder
c. Placemolder
d. Paceholder
16. Which of the following cannot be created using the “ + “ shortcut at the top right corner of the
Xero interface?
a. Invoice
b. Credit Note
c. Bill
d. Contact
17. Statement 1: Credits can also be issued directly in the invoice affected. Open the invoice and use
the dropdown box under Invoice Options.
Statement 2: If the customer fails to accept the quote online, you can achieve the same result by
clicking the Options button and then clicking Mark as Accepted for the customer.
a. Statement 1 is True, Statement 2 is False
b. Statement 1 is False, Statement 2 is True
c. Both statements are True
d. Both statements are False
18. Statement 1: Creating a quote through Xero enables you to send a product or service quotation
to your customers through email.
Statement 2: You cannot proceed to creating an invoice from a quote when the customer
oversees the acceptance of the quote, even though they intend to accept it.
a. Statement 1 is True, Statement 2 is False
b. Statement 1 is False, Statement 2 is True
c. Both statements are True
d. Both statements are False
19. Statement 1: You can create multiple invoices from one quote.
Statement 2: You can create a quote from another quote.
a. Statement 1 is True, Statement 2 is False
b. Statement 1 is False, Statement 2 is True
c. Both statements are True
d. Both statements are False
20. Statement 1: You can generate a sales invoice for an item that is out of stock.
Statement 2: You can create a quote for an item that is out of stock.
a. Statement 1 is True, Statement 2 is False
b. Statement 1 is False, Statement 2 is True
c. Both statements are True
d. Both statements are False
1. To add a bank account or credit account. Click Accounting then _________ then Chart of
Accounts
a. Advance
b. Advanced
c. Accounts
d. Account

2. Ending numbers used to appear as account numbers for Metro De Oro Credit Card
a. 9996
b. 9966
c. 9666
d. 9699

3. How many digits does a usual account number have?

a. 12
b. 11
c. 10
d. 9

4. To edit general ledger account names, click ______ then ______ then ______.
a. Accounts, Advanced, Chart of Accounts
b. Accounting, Advance, Chart of Account
c. Accounting, Advanced, Chart of Account
d. Accounting, Advanced, Chart of Accounts

5. To enter conversion balances, click Accounting then _______ then _______.

a. Advanced, Conversion Balances
b. Advance, Conversion Balances
c. Advanced, Conversions Balances
d. Advance, Conversions Balances

6. Capital account used to update conversion balances.

a. Owner B Share Capital
b. Owners A Share Capital
c. Owner A Share Capital
d. Owner A Share Capitals

7. To edit invoice logo, click ______ then ______ then ______.

a. Winsome's Bark Dog Walking Company, Settings, Invoice Settings
b. Winsome Bark's Dog Walking Company, Settings, Invoice Settings
c. Winsome Bark's Dog Walking Company, General Settings, Invoice Settings
d. Winsome's Bark Dog Walking Company, General Settings, Invoice Settings
8. Click ______ and ______ on the right of the standard branding theme when editing an invoice
logo.
a. Option, Change Logo
b. Option, Change Invoice Logo
c. Options, Change Invoice Logo
d. Options, Change Logo

9. To begin importing invoice logo, click _______.

a. Import
b. Submit
c. Save
d. Upload

10. Bills default due date update

a. 15 days after the following month
b. 20 days after the bill date
c. 15 days of the following month
d. 20 days after the following month

11. Sales invoices default due date update

a. 20 days after the invoice date
b. 20 days before the invoice date
c. 20 days after the bill date
d. 20 days before the bill date

12. Purchase order numbering

a. 2000
b. 200
c. 3000
d. 300

13. To edit email settings, click the company then ______ then ______.
a. General Settings, Email Settings
b. General Setting, Email Settings
c. General Setting, Email
d. None of the above

14. Delete currency name from the body of the email in two places to prevent "USD" from showing
up on invoices.
a. True
b. False
c. Uncertain
d. Cannot be determined
15. To update financial settings, click _______ then _______ then _______.
a. Accounting, Advanced, Financial Settings
b. Accounts, Advance, Financial Setting
c. Accounts, Advanced, Financial Settings
d. Accounting, Advance, Financial Setting

16. To add tax rates, click Accounting then Advanced then ________.
a. Tax Rate
b. Tax
c. Taxes
d. Tax Rates

17. Averaging Method is based on

a. Actual months
b. Actual average number of days
c. Actual period covered
d. Actual days

18. To change company information, click the company then click ___________ then Organization
details.
a. General Settings
b. Settings
c. Company Settings
d. Setting

19. To add or modify general ledger accounts, click ________ then ________ then ________.
a. Accounting; Advanced; Chart of Accounts
b. Business; Advanced; Chart of Accounts
c. Accounting; Advanced; Edit Chart of Accounts
d. Business; Advanced; Edit Chart of Accounts

20. To show all account listing on the dashboard, click _______.

a. Show on Dashboard List
b. Show at Dashboard Watchlist
c. Show at Dashboard Account List
d. None of the choices
1. In the organization settings tab there are two portions the “ General” and “Features”,
which of the following is located under the “General” portion:
I. Organization details
II. Users
III. Currencies
IV. Connected Apps
V. Subscription and billing
VI. Invoice settings
 VII. Payment services
VIII. Email settings
IX. Pay runs
X. Xero to Xeo
XI. Custom contact links

a. I, V, VII, X
b. I, II, III, IV
c. V, VI, VIII, X
d. All of the Above

2. Which of the following items is located under the “Features” portion?

I. Organization details
II. Users
III. Currencies
IV. Connected Apps
V. Subscription and billing
VI. Invoice settings
VII. Payment services
VIII. Email settings
IX. Pay runs
X. Xero to Xeo
XI. Custom contact links

a. II, IV, VII, X, XI

b. I, II, III, IV, V, VI
c. VI, VII, VIII, IX, X, XI
d. All of the Above

3. Where you can edit/input the company address, logo and basic financial information
a) Organization details
b) Users
c) Currencies
d) Connected Apps
e) Subscription and billing
4. Where you can change plan and update credit card details

a) Organization details
b) Users
c) Currencies
d) Connected Apps
e) Subscription and billing

5. Where you can add, remove or modify users of this organization

a) Organization details
b) Users
c) Currencies
d) Connected Apps
e) Subscription and billing

6. Where you can add and manage third party connections to Xero

a) Organization details
b) Users
c) Currencies
d) Connected Apps
e) Subscription and billing

7. Where you can create branding themes for documents, add payment services and auto
reminders for invoices

a) Invoice settings
b) Payment services
c) Email settings
d) Pay runs
e) Xero to Xeo
f) Custom contact links

8. Where you can manage your pay run settings

a) Invoice settings
b) Payment services
c) Email settings
d) Pay runs
e) Xero to Xeo
f) Custom contact links

9. Where you can add and manage online payment options for your sales invoices

a) Invoice settings
b) Payment services
c) Email settings
d) Pay runs
e) Xero to Xero
f) Custom contact links

10. Where you can set a reply-to email address and email template content

a) Invoice settings
b) Payment services
c) Email settings
d) Pay runs
e) Xero to Xeo
f) Custom contact links

11. The following are the items located under Business tab
I. Invoices
II. Quotes
III. Sales Overview
IV. Bills to Pay
V. Purchase Order
VI. Purchase Overview
VII. Expense Claims
VIII. Products and Services
IX. Payrun
 a. I, II, III, IV, V
b. I, II, III, IV, V, VI
c. I, II, III, IV, V, VI, VII, VIII, IX
d. None of the Above

12. The following are the items located under Accounting tab
I. Quotes
II. Sales Overview
III. Bills to Pay
IV. Purchase Order
V. Purchase Overview
VI. Expense Claims
VII. Products and Services
VIII. Payrun

a) I, II, III, IV, V

b) I, II, III, IV, V, VI
c) I, II, III, IV, V, VI, VII, VIII, IX
d) None of the Above

13. The following are items located under Contacts tab

I. All Contacts
II. Customers
III. Partners
IV. Suppliers

a) I, II, III
b) I, II, IV
c) I, II, III, IV
d) None of the Above

14. Advanced accounting have to portions the “Advanced Features” and “Advanced
Settings”. Which of the following belongs under the “Advanced Settings” portion?

I. Find and recode

II. Manual journals
III. Fixed assets
IV. Assurance dashboard
V. Export accounting data
VI. History and notes

a) I, II, III, IV
b) I, II, III, IV, V
c) None of the Above
d) All of the Above

15. Where you can directly work with general ledger

a) Financial settings
b) Manual journals
c) Export accounting data
d) Chart of accounts

16. Where you can monitor the accuracy of financial data within your organization

a) Manual journals
b) Chart of accounts
c) Assurance dashboard
d) Tracking categories

17. Where you can view a summary of the actions made by all users to your transactions
a) Assurance dashboard
b) History and notes
c) Conversion Balances
d) Tracking Categories

18. Default items featured in the dashboard

I. Bank Balances
II. Total Cashflow
III. Salaries Expense
IV. Invoices owed to you
V. Bills to pay
VI. Depreciation

a) I, II, III
b) I, II, IV, VI
c) I. II, IV, V
d) All of the above

19. Where you can manage tracking items for more powerful reporting
a) Tax rates
b) Fixed assets settings
c) Tracking categories
d) Conversion balances

20. Where you can update balances from previous accounting systems
a) Tax rates
b) Fixed assets settings
c) Tracking categories
d) Conversion balances