Prelim Examination

PRELIM EXAMINATION ITAPPTOOLS
INTRODUCTION TO CLOUD COMPUTING AND XERO

1. A technology that enables consumers, developers, and businesses to communicate and
collaborate by accessing software applications, data storage, and computing processing
capacity over the Internet.
A. Cloud Computing C. Artificial Intelligence (AI)
B. Internet of All Things D. Big Data
2. Enables businesses to shift the burden of managing and maintaining computer hardware
from their own staff to providers whose business specialize on these fields.
3. Enables both casual internet user and the specialized programming developer to access
information from around the world almost instantaneously.
4. Vast amount of information that computer users can access via the World Wide Web
without the need for purchasing and installing specialized programs on their computers.
A. Cloud C. Stars
B. Sun D. Moon
5. Statement 1: Working in the cloud enables users to avoid storing information, programs,
or files, on their hard drive.
Statement 2: Part of the trends in the Fourth industrial Revolution or also called as
“Industry 4.0” are 3d Printing, Internet of all things, Augmented reality, Cloud computing,
etc.
A. Only statement 1 is correct C. Both statements are correct
B. Only statement 2 is correct D. Both statements are incorrect
6. Statement 1: Data centers were later forms of clouds.

Statement 2: Users adopted the cloud symbol to designate storage facilitates that were
not a PC’s local, or internal, hard drive.
7. There are number of applications that use cloud computing. Which of the following is
not?
A. Google C. Microsoft Office 2019
B. Facebook D. Instagram
8. Which among the following accounting application software are cloud-based?

A. Xero C. Quickbooks
B. SAP D. All of the other choices
9. The core value of this type of service is providing access to, and management of, a
commercially available application
A. Software as a Service (SaaS) C. Platform as a Service (SaaS)
B. Infrastructure as a Service (IaaS) D. Funeral Service (FS)
10. It refers to the foundation of the cloud-based server upon which a computer developer
can construct a system to meet the particular need.
B. Infrastructure as a Service (IaaS) D. Secret Service (SS)
11. One advantage of this type of service is that it provides a common environment upon
which a single developer or a team of developers can build.
B. Infrastructure as a Service (IaaS) D. Service Water (SW)
12. All services, including IaaS, PaaS, and SaaS, are outside the network’s firewall
A. Public Cloud C. Hybrid Cloud
B. Private Cloud D. Cloud Nine
13. Functions like a private cloud but is within a public cloud.

B. Private Cloud D. Virtual Private Cloud
14. It is the most secure type of cloud.

B. Private Cloud D. Virtual Private Cloud
15. In this type of cloud, an organization rents physical server space, or uses its own
infrastructure, and rents virtual servers on demand on an as-needed basis
B. Private Cloud D. Cloud Nine
16. Statement 1: In Software as a Service (SaaS), other parties manage the applications, data,
runtime, middleware, O/S, virtualization, servers, storage, and networking.
Statement 2: In Infrastructure as a Service (IaaS), other parties manage the applications,
data, runtime, and middleware while the company manages the O/S, virtualization,
servers, storage, and networking.

17. Statement 1: In Platform as a Service (PaaS), other parties manage the applications, data,
and runtime while the company manages the middleware, O/S, virtualization, servers,
storage, and networking.
Statement 2: In Infrastructure as a Service (IaaS), other parties manage the applications,
data, runtime, and middleware while the company manages the O/S, virtualization,
servers, storage, and networking.
18. Xero caters more of the:

A. Large-scale Businesses
B. Micro-sized Businesses
C. Small and Medium-sized Businesses
D. Monkey Businesses
19. Where did Xero started?

A. Wellington, New Zealand C. Melbourne, New Zealand
B. Wellington, Australia D. Melbourne, Australia
20. Xero is based from what type of service?

A. Software as a Service (SaaS) C. Platform as a Service (PaaS)
B. Infrastructure as a Service (IaaS) D. School Service (SchS)
21. Who are the founders of Xero?

A. Rod Drury and Hamish Edwards C. Rod Drury and Hamich Edwards
B. Rob Drury and Hamish Edwards D. Ben and Ben
22. What is the original name of Xero?

A. Accounting 2.0 C. Accounting Version 2.0
B. Accounting 2.00 D. Accounting Version 2.00
23. What is the corporate name of Xero?

A. Xero Limited C. Xero Corporation
B. Xero Incorporated D. Xero
24. Xero has offices around Australia, which is not?

A. Melbourne C. Adelaide
B. Sydney D. Auckland
25. As of today, how may subscribers does Xero have globally? Choose the best estimates.
A. One million+ subscribers C. Three million+ subscribers
B. Two million+ subscribers D. Four million+ subscribers
XERO NAVIGATION AND XERO ACCESS

26. It your home page where you can view basic information about your business at a glance.
A. Dashboard C. Accounting
B. Business D. Contacts
27. You can view the list of your inventories on this page.
28. If you want to see the reports of your day to day operation, you can go to this menu item.
29. You can add details about your supplier on this menu.
30. In the organization settings tab there are two portions the “General” and “Features”,
which of the following is located under the “General” portion:
I. Organization details VI. Invoice settings
II. Users VII. Payment services
III. Currencies VIII. Email settings
IV. Connected Apps IX. Pay runs
V. Subscription and X. Xero to Xero
billing XI. Custom contact links
A. I, II, V, VII, X C. I, VI, IX, X
B. I, II, III, IV, V D. All of the following given.
31. In the organization settings tab there are two portions the “General” and “Features”,
which of the following items is located under the “Features” portion?
I. Organization details VI. Invoice settings
II. Users VII. Payment services
III. Currencies VIII. Email settings
IV. Connected Apps IX. Pay runs
V. Subscription and X. Xero to Xero
billing XI. Custom contact links
A. II, IV, VII, X, XI C. VI, VII, VIII, IX, X, XI

B. I, II, III, IV, V, VI D. All of the following given
32. The following are the items located under Business tab
I. Invoices VI. Purchase Overview
II. Quotes VII. Expense Claims
III. Sales Overview VIII. Products and Services
IV. Bills to Pay IX. Payrun
V. Purchase Order
A. I, II, III, IV, V C. I, II, III, IV, V, VI, VII, VIII, IX
B. I, II, III, IV, V, VI D. None of the other choices
33. The following are the items located under Accounting tab
I. Quotes V. Purchase Overview
II. Sales Overview VI. Expense Claims
III. Bills to Pay VII. Products and Services
IV. Purchase Order VIII. Payrun
A. I, II, III, IV, V C. I, II, III, IV, V, VI, VII, VIII, IX
B. I, II, III, IV, V, VI D. None of the other choices
34. The following are items located under Contacts tab

I. All Contacts III. Partners
II. Customers IV. Suppliers
A. I, II, III C. I, II, III, IV
B. I, II, IV D. None of the other choices
35. Advanced accounting have to portions the “Advanced Features” and “Advanced Settings”.
Which of the following belongs under the “Advanced Settings” portion?
I. Find and recode V. Export accounting
II. Manual journals data
III. Fixed assets VI. History and notes
IV. Assurance
dashboard
A. I, II, III, IV C. None of the following given
B. I, II, III, IV, V D. All of the following given
36. Advanced accounting have to portions the “Advanced Features” and “Advanced Settings”.
Which of the following belongs under the “Advanced Feautures” portion?
I. Find and recode IV. Assurance
II. Manual journals dashboard
III. Fixed assets
V. Export accounting VI. History and notes

data
A. I, II, III, IV C. None of the following given
B. I, II, III, IV, V D. All of the following given
37. Default items featured in the dashboard

I. Bank Balances IV. Invoices owed to
II. Total Cashflow you
III. Salaries Expense V. Bills to pay
VI. Depreciation
A. I, II, III C. I. II, IV, V
B. I, II, IV, VI D. All of the following given
38. Where you can directly work with general ledger

A. Financial settings C. Export accounting data
B. Manual journals D. Chart of accounts
39. Where you can monitor the accuracy of financial data within your organization
A. Manual journals C. Assurance dashboard
B. Chart of accounts D. Tracking categories
40. Where you can view a summary of the actions made by all users to your transactions
A. Assurance dashboard C. Conversion Balances
B. History and notes D. Tracking Categories
GET SET-UP WITH XERO

41. Where you can manage tracking items for more powerful reporting
A. Tax rates C. Tracking categories
B. Fixed assets settings D. Conversion balances
42. Where you can update balances from previous accounting systems
A. Tax rates C. Tracking categories
B. Fixed assets settings D. Conversion balances
43. Where you can edit/input the company address, logo and basic financial information
A. Organization details
B. Users
C. Currencies
D. Connected Apps
E. Subscription and billing
44. Where you can change plan and update credit card details.
B. Users
C. Currencies
D. Connected Apps
45. Where you can add, remove or modify users of this organization
B. Users
C. Currencies
D. Connected Apps
46. Where you can add and manage third party connections to Xero
B. Users
C. Currencies
D. Connected Apps
47. Where you can create branding themes for documents, add payment services and auto
reminders for invoices
A. Invoice settings D. Pay runs
B. Payment services E. Xero to Xero
C. Email settings F. Custom contact links
48. Where you can manage your pay run settings

49. Where you can add and manage online payment options for your sales invoices
50. Where you can set a reply-to email address and email template content
A. Invoice settings C. Email settings
B. Payment services D. Pay runs
E. Xero to Xero F. Custom contact links
51. You’re creating a new email template for the organisation. To help save time manually
entering information in the future, what should you include in the email template?
A. The template type C. Placeholders
B. A custom message D. Quick links
52. There are key things to remember when using Xero’s branding themes to create a
document. Terms and payment advice for invoices and statements are set ____________
A. Inside the template
B. Manually in the email accompanying the document
C. Individually on each document
D. None of the above
53. There are key things to remember when using Xero’s branding themes to create a
document. You can attach a new logo to a branding theme template ____________
A. In the branding theme template
B. After you save the new branding theme template
C. Before you edit the template
D. None of the other choices
54. Under the organization details, Xero will let you choose the organization type from a
dropdown list box. Which of the following is not included?
A. Sole Proprietorship C. Charity
B. Partnership D. Club or Society
55. In the organization details, what is the maximum limit for the characters that you can type
in the organization description?
A. 150 C. 250
B. 200 D. 300
56. Statement 1: There are 8 default templates in the email settings.

Statement 2: As you are logged in user, emails are sent using the email address of Xero
with replies going to your invitation email.
57. The base currency for the organization of Blank Slate Limited is?
A. New Zealand Dollar C. HUF Hungarian Forint
B. US Dollar D. Philippine Peso
58. Statement 1: The two types of lock date are based on user role. One lock date stops users
who are not Advisers changing data. The other lock date stops all users, including
Advisers.
Statement 2: Lock dates are typically used to prevent data editing when your accountant
or bookkeeper is preparing your financial records for the year, or at the end of a sales tax
period.
59. When you are adding an account, which of the following field is optional to fill-in?
A. Account Type C. Description
B. Code D. Tax
60. Statement 1: Under the Account type, you can choose depreciation, direct costs, expense,
and overhead if the account you are adding is an expenses.
Statement 2: Under the Account type, you can choose current liability, liability, and non-
current liability if the account you are adding is an asset.
61. Under the dashboard watchlist, what ais/are the balance/s shown on the dashboard?
A. This Month Balance only
B. YTD Balance only
C. Daily Balance only
D. Both This Month Balance and YTD Balance
E. Both This Month Balance and Daily Balance
F. Both YTD Balance and Daily Balance
62. Statement 1: You can delete an account you’ve used in a transaction, even if you later
changed the account used by the transaction or removed the transaction altogether.
Statement 2: Archiving doesn’t impact transactions already entered or your ability to
report on the account.
63. They are set by Xero. They're used for specific reporting or accounting purposes. You
won't see all these accounts on your chart of accounts as some are used on reports or in
the background by Xero.
A. System Accounts C. Padlock Accounts
B. Locked Accounts D. Archived Accounts
64. Statement 1: It’s very important not to change the column headings. Renaming, deleting,
or changing the order of the rows along the top will cause the import to fail.
Statement 2: Anytime you see the star next to something on the Settings page (or
elsewhere in Xero), you are able to click on this star to favourite it, or click again to remove
the favourite.
65. When adding a bank, what are the two account types?
A. Credit Card and Other
B. Debit Card and Credit Card
C. Savings Account and Current Account
D. Deposit Account and Savings Account
66. When adding a credit card number, what and how many digits would Xero asked?
A. Last 4 digits of your credit card number
B. First 4 digits of your credit card number
C. Last 5 digits of your credit card number
D. First 5 digits of your credit card number
67. Which of the following given tax rates are being locked by Xero at default?
I. Tax Exempt
II. Tax on Purchases
III. VAT on Purchases (Goods)
IV. Tax on Sales
V. Sales Tax on Imports
VI. VAT on Sales (Services)
A. I, II, IV, and V C. II, III, IV, and VI
B. I, III, V, and VI D. III, IV, V, and VI
68. Statement 1: Users with the standard user role can remove lock dates temporarily to
allow changes to transactions.
Statement 2: Lock dates stop data from being changed for a specific period. You cannot
change these anytime.
69. What is the maximum limit of the tracking categories?

A. 1 C. 3
B. 2 D. 4
70. You can use different depreciation method in Xero. Which is not?
A. No Depreciation C. Sum of Years Digit
B. Straight Line D. Declining Balance (200%)
CONTACTS
71. Statement 1: After creating a contact, you can raise a sales invoices but you cannot raise
anymore of a purchase transactions. Hence, you should create a separate contacts for
sales invoices and purchase transactions.
Statement 2: You can view a detailed history of the transactions recorded for each contact
under their contact entry.
72. There can multiple ways on how to add a contacts in Xero. Which is not?
A. You can go to Contacts > All Contacts > Add Contact
B. You can go to Business > Invoices > New Invoices > To
C. You can go to Contacts > All Contacts > Import
73. When it comes to the contacts.csv, which of the following headings is a mandatory to fill-
up to complete the process of importing contacts?
A. ContactName
B. AccountNumber
C. EmailAddress
D. AccountsReceivableTaxCodeName
74. What type of files can be used to import the contacts of the company into Xero?
A. Comma-separated Value (.csv) only
B. Text Files (.txt) only
C. Both Comma-separated Value (.csv) and Text Files (.txt)
75. When it comes to merging contacts,

A. The first contact you choose will be archived while the second will remain.
B. The first contact you choose will remain while the second will be archived.
C. Both first and second contact will be archived.
D. Both first and second contact will remain.
76. You can sort the contacts by different ways. Which is not?
A. Name B. They owe
C. Email D. Contact number
77. Statement 1: When it comes to adding a contact manually, you can input two or more
contact persons.
Statement 2: Postal address and Street address can be the same in contacts.
78. When inputting information about Phone number of the contacts, use ________ to
separate country code, area code and the number.
A. Space C. Backslash
B. Dash D. Underscore
79. Statement 1: If you want to update details for existing contacts using the file, don't make
any changes to the Account number, as this creates a new contact in Xero instead.
Statement 2: If you've added bank account details to a contact record, make sure the
numbers are in the correct format.
80. Upon default, the contacts page will show you the contact information. Which is not?
A. Contact C. You Owe Them
B. Email D. Contact Person
81. Statement 1: You can also see the part of history and notes specifically on the contacts
upon clicking its name.
Statement 2: At default, Xero will also show you a graphical presentation of the contacts’
money over last 12 months.
82. On the Contacts’ page, what documents can you create when you are viewing a specific
contact.
A. Sales Invoice C. Repeating Bill
B. Purchase Order D. All of the other choices
83. What is the main reason on archiving the contacts?

A. You no longer do business with the supplier or customer
B. You have a very bad relationship with your supplier or customer
C. You don’t like your supplier or customer
D. You have a past relationship with the contact person of your supplier or customer
84. Statement 1: You can restore archived contacts individually or in bulk.

Statement 2: You can delete a contact from Xero.
85. What are the two types of classification of Contacts in Xero?

A. Customers and Suppliers C. Consumer and Suppliers
B. Customers and Vendors D. Consumer and Vendors
INVENTORY
86. When you track an inventory item, you’ll need to specific the:
A. Inventory asset account
B. Cost of goods sold account
C. Both Inventory asset account and cost of goods sold account
D. Neither Inventory asset account nor cost of goods sold account
87. You're adding your first tracked inventory item in Xero and you can’t select an inventory
asset account. How can you resolve this issue?
A. Create a new account with Current Asset as the account type and use this as the
inventory asset account.
B. Create a new account with non-current asset as the account type and call it inventory.
C. Change the account type of the existing account to inventory and use it as the
inventory asset account.
D. Create a new account with Inventory as the account type and use this as the inventory
asset account.
88. You want to import a combination of tracked and untracked inventory items using the
items template. How can you do this in Xero?
A. Import items in two separate batches and import untracked items first
B. Add inventory asset and cost of goods sold accounts for all items
C. Add inventory asset and cost of goods sold accounts for tracked items
D. Import items in two separate batches and import tracked items first
89. Statement 1: When you are adding an item name, you only have up to 50 characters.
Statement 2: Adding an item code can help you find and organize your items.
90. What type of files can be used to import the items of the company into Xero?

91. What type of files can be used to import the opening balance of the items of the company
into Xero?
92. When importing items into Xero, what is the maximum number of items that you can
include per Item import?
A. 1,000 C. 3,000
B. 2,000 D. 4,000
93. At default, what information would Xero shows at the Products and Services page?
A. Cost price C. Description
B. Account D. History and Notes
94. Your manager asked you to create a new record for the item that the company will launch
next week. Complete the process. Go to Business > _________ > + New Item.
A. Products and services C. Items
B. Inventories D. Import items
95. Statement 1: You'll need to have the Adviser or Standard user role to make changes to
your inventory items.
Statement 2: You can delete an item from Xero.
END OF EXAMINATION

Prelim Examination

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Prelim Examination

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PRELIM EXAMINATION ITAPPTOOLS

INTRODUCTION TO CLOUD COMPUTING AND XERO

6. Statement 1: Data centers were later forms of clouds.

8. Which among the following accounting application software are cloud-based?

13. Functions like a private cloud but is within a public cloud.

14. It is the most secure type of cloud.

A. Only statement 1 is correct C. Both statements are correct

18. Xero caters more of the:

19. Where did Xero started?

20. Xero is based from what type of service?

21. Who are the founders of Xero?

22. What is the original name of Xero?

23. What is the corporate name of Xero?

24. Xero has offices around Australia, which is not?

XERO NAVIGATION AND XERO ACCESS

A. II, IV, VII, X, XI C. VI, VII, VIII, IX, X, XI

34. The following are items located under Contacts tab

V. Export accounting VI. History and notes

37. Default items featured in the dashboard

38. Where you can directly work with general ledger

GET SET-UP WITH XERO

48. Where you can manage your pay run settings

E. Xero to Xero F. Custom contact links

56. Statement 1: There are 8 default templates in the email settings.

69. What is the maximum limit of the tracking categories?

75. When it comes to merging contacts,

C. Email D. Contact number

83. What is the main reason on archiving the contacts?

84. Statement 1: You can restore archived contacts individually or in bulk.

85. What are the two types of classification of Contacts in Xero?

B. Text Files (.txt) only

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