Question 1: Each transaction requires at least two accounts.

Answer:

A.

True

B.

False

Question 2: You should always back up your data files to your computer when using QuickBooks Online.

Answer:

A.

True

B.

False

Question 3: Match these reconciliation problems with their solutions.

Transaction on the bank statement is not in QuickBooks Online Transaction entering error Bank made an error

Add the transaction and return to the reconcile screen. Click the transaction inside the reconciliation, edit it, and continue. Record the transaction to adjust your balance until resolved and then reverse the transaction.