Question 22: Which of the following account types is/are considered a liability?

Answer:

A.

Accounts Payable

B.

Credit Card

C.

Long Term Liabilities

D.

All of these options

Question 23: Match these QuickBooks Online user interfaces to their descriptions.

Center Gear menu Lists Advanced tab

Can customize settings to refer to customers as clients, patients, or members Contains consolidated, relevant transaction and contact information Stores information about your accounts, products, and services Provides access to Company, Lists, Tools, and Profile menus

Question 24: In the Vendors list, the Action menu lets you create _____ for the selected vendor.

Answer:

A.

invoices

B.

transactions

C.

checks

D.

open balances