Module 5 – Practice Examination

To help you prepare for your fifth 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 % in your practice exams.

Module 5 - Practice Examination Question 1

To make an account a sub-account of another in the Chart of Accounts:A. Use your mouse to drag and the sub account under the

parent accountB. Click on the parent account to select it and use the “Edit”

button to make the link with the sub-accountC. Click on the account that you want to make sub to select it

and then use the “Edit” button to make it a sub-account of the parent account

D. Nothing. Sub-accounts aren’t supported in QuickBooks

To make an account a sub-account of another in the Chart of Accounts:A. Use your mouse to drag and the sub account under the

parent accountB. Click on the parent account to select it and use the “Edit”

button to make the link with the sub-accountC. Click on the account that you want to make sub to select it

and then use the “Edit” button to make it a sub-account of the parent account

D. Nothing. Sub-accounts aren’t supported in QuickBooks

Module 5 - Practice Examination Question 2

The “Delete” button to the top of the Chart of Accounts removes an Account from the Chart of Accounts and it can never be recovered.

True or False

The “Delete” button to the top of the Chart of Accounts removes an Account from the Chart of Accounts and it can never be recovered.

True or False

Module 5 - Practice Examination Question 3

In order to view nominal codes (account numbers) in QuickBooks Online they must first be turned on in Company Settings.

True or False

In order to view nominal codes (account numbers) in QuickBooks Online they must first be turned on in Company Settings.

True or False

Module 5 - Practice Examination Question 4

Which of the following is false:A. As part of the personalise process QuickBooks Online starts

setting up the Chart of AccountsB. The Chart of Accounts is accessible from the Company Cog

under the Tools Menu C. The “Assign Account Numbers” button can be used to

manually enter nominal codes (account numbers) if Account numbers (nominal codes) are turned on

D. It is possible to upload the Chart of Accounts in Excel or CSV format to QuickBooks Online

Which of the following is false:A. As part of the personalise process QuickBooks Online starts

setting up the Chart of AccountsB. The Chart of Accounts is accessible from the Company Cog

under the Tools Menu C. The “Assign Account Numbers” button can be used to

manually enter nominal codes (account numbers) if Account numbers (nominal codes) are turned on

D. It is possible to upload the Chart of Accounts in Excel or CSV format to QuickBooks Online

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.