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Module 8 – Practice Examination To help you prepare for your eighth exam please practice by attempting the questions below. Remember you need to score.

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Presentation on theme: "Module 8 – Practice Examination To help you prepare for your eighth exam please practice by attempting the questions below. Remember you need to score."— Presentation transcript:

1 Module 8 – Practice Examination To help you prepare for your eighth exam please practice by attempting the questions below. Remember you need to score 75% or higher across all modules to earn your certification – so you should be aiming to score at least 75% in your practice exams.

2 Module 8 - Practice Examination Question 1 To access the Online Banking functionality in QuickBooks Online click on: A.The company cog > Tools Menu > Import Data > Banking B.The company cog > Lists Menu > My Accounts C.The left navigation > Transactions > Banking D.The left navigation > Transactions > My Accounts To access the Online Banking functionality in QuickBooks Online click on: A.The company cog > Tools Menu > Import Data > Banking B.The company cog > Lists Menu > My Accounts C.The left navigation > Transactions > Banking D.The left navigation > Transactions > My Accounts To access the Online Banking functionality in QuickBooks Online click on: A.The company cog > Tools Menu > Import Data > Banking B.The company cog > Lists Menu > My Accounts C.The left navigation > Transactions > Banking D.The left navigation > Transactions > My Accounts To access the Online Banking functionality in QuickBooks Online click on: A.The company cog > Tools Menu > Import Data > Banking B.The company cog > Lists Menu > My Accounts C.The left navigation > Transactions > Banking D.The left navigation > Transactions > My Accounts

3 Module 8 - Practice Examination Question 2 To upload a bank statement in OFX or QFX format in QuickBooks Online, click the “+Add” button on the main Online Banking Screen. True or False To upload a bank statement in OFX or QFX format in QuickBooks Online, click the “+Add” button on the main Online Banking Screen. True or False To upload a bank statement in OFX or QFX format in QuickBooks Online, click the “+Add” button on the main Online Banking Screen. True or False To upload a bank statement in OFX or QFX format in QuickBooks Online, click the “+Add” button on the main Online Banking Screen. True or False

4 Module 8 - Practice Examination Question 3 Which of the following is not true for working with Online Banking: A.Transactions should be assigned where they don’t already exist in the system. B.Transactions that have already been entered in the system should be matched to the entered transactions. C.Every transaction that appears on the bank statement must be either assigned or matched. D.If an error is made it can be corrected using the “Undo” feature Which of the following is not true for working with Online Banking: A.Transactions should be assigned where they don’t already exist in the system. B.Transactions that have already been entered in the system should be matched to the entered transactions. C.Every transaction that appears on the bank statement must be either assigned or matched. D.If an error is made it can be corrected using the “Undo” feature Which of the following is not true for working with Online Banking: A.Transactions should be assigned where they don’t already exist in the system. B.Transactions that have already been entered in the system should be matched to the entered transactions. C.Every transaction that appears on the bank statement must be either assigned or matched to remove it from the list. D.If an error is made it can be corrected using the “Undo” feature Which of the following is not true for working with Online Banking: A.Transactions should be assigned where they don’t already exist in the system. B.Transactions that have already been entered in the system should be matched to the entered transactions. C.Every transaction that appears on the bank statement must be either assigned or matched to remove it from the list. D.If an error is made it can be corrected using the “Undo” feature

5 Module 8 - Practice Examination Question 4 Transactions can be assigned and matched, both individually, and in bulk - several at a time. True or False Transactions can be assigned and matched, both individually, and in bulk - several at a time. True or False Transactions can be assigned and matched, both individually, and in bulk - several at a time. True or False Transactions can be assigned and matched, both individually, and in bulk - several at a time. True or False

6 How did you do? If you don’t feel quite confident, feel free to watch the video that made up this module again. Remember that the Key Learning Points document for the module is a powerful resource that you can lean on. If the above suggestions don’t help and you need additional assistance from us please, reach out for help from the right navigation of the training pages.


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