SAMPLE REVIEW QUESTIONS FOR XERO SOFTWARE
1. Enables both casual internet users and the specialized programming developer to access
information from around the world almost instantaneously.
a. Internet of All Things
b. Artificial Intelligence (AI)
c. Cloud Computing
d. Big Data
2. You can sort the contacts by different ways. Which is not?
a. Email
b. They owe
c. Contact number
d. Name
3. The base currency for the organization of Blank Slate Limited is?
a. Philippine Peso
b. US Dollar
c. HUF Hungarian Forint
d. New Zealand Dollar
4. 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.
a. Only statement 2 is correct
b. Both statements are incorrect
c. Only statement 1 is correct
d. Both statements are correct
5. 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
b. Items
c. Import items
d. Inventories
6. As of today, how may subscribers does Xero have globally? Choose the best estimates.
a. Two million+ subscribers
b. One million+ subscribers
c. Three million+ subscribers
d. Four million+ subscribers
7. It your home page where you can view basic information about your business at a glance.
a. Accounting
b. Business
c. Contacts
d. Dashboard
8. What type of files can be used to import the opening balance of the items of the company into
Xero?
a. Text Files (.txt) only
b. Both Comma-separated Value (.csv) and Text Files (.txt)
c. None of the other choices
d. Comma-separated Value (.csv) only
9. There are a number of applications that use cloud computing. Which of the following is not?
a. Google
b. Mobile Legends Bangbang
c. Microsoft Office 2019
d. Facebook
10. 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 favorite it or click again to remove the favorite.
a. Both statements are correct.
b. Both statements are incorrect.
c. Only statement 1 is correct.
d. Only statement 2 is correct.
11. 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)
d. None of the other choices
12. What is the maximum limit of the tracking categories?
a. 4
b. 2
c. 1
d. 3
13. The following are the items located under Business tab.
I. Invoices
II. Quotes
III. Sales Overview
IV. Bills to Pay
V. Purchase Order
VI. Purchase Overview
VII. Expense Claims
VIII. Products and Services
IX. Payrun
a. None of the other choices
b. I, II, III, IV, V, VI
c. I, II, III, IV, V
d. I, II, III, IV, V, VI, VII, VIII, IX
14. 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.
a. Both statements are correct.
b. Both statements are incorrect.
c. Only statement 1 is correct.
d. Only statement 2 is correct.
15. The core value of this type of service is providing access to, and management of, a commercially
available application.
a. Infrastructure as a Service (IaaS)
b. Software as a Service (SaaS)
c. Platform as a Service (SaaS)
d. Funeral Service (FS)
16. Your organization would like to add a custom tax rate to assign as the default tax rate to certain
accounts within the chart of accounts. Sort the steps into the correct order.
1. Click New Tax Rate
2. Click Accounting and Advanced
3. Click Save
4. Add Display Name, Tax Type and Components
5. Select Tax Rates
a. 1, 2, 4, 5, 3
b. 2, 5, 1, 4, 3
c. 2, 1, 5, 4, 3
d. 5, 4, 2, 1, 3
17. A service model where all are managed by others, specifically a service provider, and is available for
all users.
a. Platform as a Service
b. Software as a Service
c. Network as a Service
d. Infrastructure as a Service
18. You’ve started a new online store and are setting up features in the Xero organization. You were
asked to access reports to see the store’s financials. Which of the following menu would you go?
a. Products and Services
b. Contacts Menu
c. User Menu
d. Accounting Menu
19. Inventory adjustments are sometimes required to keep inventory numbers accurate. Choose the
right kind of adjustment to use for the situations listed below. You’ve found an extra inventory item
in your warehouse, create ___________.
a. An increase quantity adjustment
b. A removal of existing inventory items
c. A decrease quantity adjustment
d. A revaluation adjustment
20. Xero does things differently. Identify some of the basic features that make Xero different from
traditional accounting software. Xero allows you to have __________ users.
a. Limited
b. Up to 100
c. Unlimited
d. None of the other choices
21. Now you’ve learned about inviting and editing user permissions, complete the following
statements. To invite or edit users in an organization, you need to have _________ permission in
Xero.
a. Manage User
b. Adviser
c. Standard
d. Edit Settings
22. You’ve started a new online store and are setting up features in the Xero organisation. You were
asked to turn on two-step authentication to secure your account. Which of the following menu
would you go?
a. Accounting Menu
b. User Menu
c. Products and Services
d. Contacts Menu
23. It’s important that you enter the correct information in the organization settings, and that you know
what Xero does with this information, especially if you’ve selected to show specific items publicly
on online invoices. The _________ can show in the footer of your online invoices.
a. Organization address
b. Display Name
c. Organization description
d. Logo
24. Your online store has customers and suppliers in several countries. Your base currency is USD, and
you need to set up EUR, NZD, AUD, and GBP currencies. Sort the following items into the correct
order to show the steps.
1. Go to Currencies in settings.
2. Repeat for NZD, EUR, GBP
3. Click + Add Currency
4. Click the drop-down list and select AUD.
a. 3, 1, 4, 2
b. 1, 3, 2, 4
c. 3, 1, 2, 4
d. 1, 3, 4, 2
25. You’re editing the chart of accounts for the organization. Which account field must be unique?
a. Account type
b. Account code
c. Description
d. Tax rate
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