LESSON 6 – BUILDING BLOCKS FOR REPORTING- MODULE REVIEW

Module review—Getting started in QuickBooks

Online Accountant
This short, optional module review revisits some of the key points
covered in the course so far.
The purpose of this review is to reinforce what you learned. This is
not a test, so there’s no scoring and no pass or fail.
Although the review is optional, we do recommend that you complete
it, as it does count towards your course completion status and is
reflected in the progress bar.
To complete the review, simply work through the questions presented.
You must answer each question correctly to proceed to the next.
Please note - the module review does not form any part of the
Certification exam and is for learning purposes only.

Question 1
Which of these statements about setting setting up and editing a Chart of
Accounts in QuickBooks Online are true? (Select all correct options.)


 Merged accounts can’t be unmerged

 Numbers in a Chart of Accounts can’t be changed

 Merged accounts can be unmerged

 Deactivated accounts can be reactivated

That’s right.

Question 2
What are the three tabs in the Reports Center in QuickBooks Online? (Select the
three correct options.)
1
LESSON 6 – BUILDING BLOCKS FOR REPORTING- MODULE REVIEW

 Standard

 Custom reports

 Management reports

Question 3
Which is the best definition of cash-basis reports?


 Cash-basis reports display income as of the date the customer

payment is received/recorded and expenses as of the date a
vendor bill is paid

Question 4
What type of reporting displays the incurred date as the bill date?


 Cash-based reporting

 Accrual-basis reporting

That's right.

Question 5

1. To begin, select Accounting to see a list of Craig’s existing

accounts
2. Select _______________
3. Using the drop-down list, set Account Type as Fixed Assets
2
LESSON 6 – BUILDING BLOCKS FOR REPORTING- MODULE REVIEW

The steps needed to add a new account to your Chart of Accounts are described
above. What’s the missing step?


 The + New button

 The green New button

 The Gear icon