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Exam (elaborations)

QBO Exam; Questions with Complete Solutions 100% Verified

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QBO Exam; Questions with Complete Solutions 100% Verified If you don't download bank transactions, how do you enter a business lunch paid for with the company debit card? A. Click the Global Create Button and Select Expense. Fill out the expense and use Debit Card as the payment method. B...

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  • August 9, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • QBO Certificaiton
  • QBO Certificaiton
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QBO Exam; Questions with Complete Solutions 100%
Verified
If you don't download bank transactions, how do you enter a business lunch paid for with the
company debit card?

A. Click the Global Create Button and Select Expense. Fill out the expense and use Debit Card as
the payment method.

B. Click the Global Create Button and Select Debit Card. Fill out the debit card charge and save
transactions.

C. Click the Global Create button and select Bill. Enter a bill for the meal. Then click the global
Create button again and select Pay Bills. Now enter the payment of the bill for lunch.

D. Click the Global Create Button and select Check. Fill out the expense and save the
transaction. Correct answer-A. Click the Global Create Button and Select Expense. Fill out
the expense and use Debit Card as the payment method.



Which of the following is true in regrading Journal entries?

A. Journal entries require a good understanding of debits and credits and a great deal of care
should be taken by non-accountants when entering them.

B. journal entries should not be used during year-end adjustments.

C. Enter a Journal Entry when you're not sure which form to use.

D. Journal entries should not be enter depreciation. Correct answer-A. Journal entries
require a good understanding of debits and credits and a great deal of care should be taken by
non-accountants when entering them.



Your company has sales rep and you need to keep track of the sales rep associated with each
sale. How would you track sales reps on sales forms?

A. Enter each sales rep as a vendor and select them as the vendor on sales forms.

, QBO Exam; Questions with Complete Solutions 100%
Verified
B. Use the sales rep field that appears as a default on all sales forms.

C. Navigate to Account and Settings, and in the Sales category of settings, create a custom field
for sales reps.

D. You can't track sales reps in Quickbooks. Correct answer-C. Navigate to Account and
Settings, and in the Sales category of settings, create a custom field for sales reps.



Put the two steps for customizing an invoice in the correct order.(two steps)

A. Select custom Form styles

B. At the bottom of the invoice, click "Edit"

C. Open an Invoice

D. Click the settings (gear) icon Correct answer-1.D. Click the settings (gear) icon

2. A. Select custom Form styles




Select the statement that's true about the Apps tab in quick books.

A. All the apps are created by QuickBooks (or Intuit, the makers of QBs.

B. Use it to track appointments .

C. Use it to add games for Quickbooks uses to enjoy during their breaks.

D. Use it to find an app designed for a specific business function that also syncs with QuickBooks
so you don't have to enter data twice. Correct answer-D. Use it to find an app designed
for a specific business function that also syncs with QuickBooks so you don't have to enter data
twice.

, QBO Exam; Questions with Complete Solutions 100%
Verified
You're a consultant and you invoiced a customer last year for 6 hours of service. They still
haven't paid you! You spoke to them and found that you accidentally invoiced them for 10
hours! NOTE: You've already filled your taxes for last year. Put the steps to record that they only
owe you for 6 hours in the right order.




A. Click Customer Discount.

B. Click Credit Memo.

C. Save the transaction.

D. Enter the customer information, the service you used on the original invoice,and a quantity
of 4.

E. Enter the customer information, the service you used on the original invoice, and quantity of
6.

F. Click the global Create icon.

G. Click adjust sales. Correct answer-F. Click the global Create icon.

B. Click Credit Memo.

D. Enter the customer information, the service you used on the original invoice,and a quantity
of 4.

C. Save the transaction.




What feature of Quickbooks lets you set how long a customer has to pay an invoice?

A. Classes

B. Delayed Charges.

C. Terms

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