QUICKBOOKS ONLINE 2026 EXAMINERS
QUESTIONS AND ANSWERS SURE A+
✔✔What options do you have after you create a credit memo in QuickBooks?
a. Retain as an available credit
b. Give a refund
c. Apply to an invoice
d. All of the above - ✔✔All of the above
A credit memo is used when a customer
returns goods or you want to credit them for services you've provided. It "reverses" a
sale.
✔✔Suppose you have a subcontractor who receives a 1099 from your company. Which
list should you add them to?
a. Employee List
b. Vendor List
,c. Other Names List
d. Class List - ✔✔Class List
✔✔When should you NEVER delete a check?
a. You recorded a check but have not printed it yet.
b. You printed a check on blank paper but now realize you don't want to record the
check.
c. You accidentally recorded the same check (with the same check number) twice.
d. You printed a check, and the check number has been used. - ✔✔You printed a
check, and the check number has been used
✔✔What methods for purchasing can be recorded using the Write Checks window?
a. Debit card purchase
b. Petty cash purchase
c. ATM withdrawal
d. All of the above - ✔✔All of the above
✔✔How do you track accounts payable in QuickBooks?
a. Enter a bill, and then use the Write Checks window.
b. Write a check, and then mark it as "pending" until you pay it.
c. Enter a bill, and then use the Pay Bills window.
d. You can't track accounts payable. - ✔✔Enter a bill, and then use the Pay Bills window
✔✔What transaction/form do you begin with to enter a vendor credit?
a. Vendor Credit
b. Enter Bill
c. Pay Bills window
d. Receive Vendor Credit - ✔✔Enter Bill
, ✔✔What happens to the inventory asset account when you enter a purchase order for
inventory?
a. The inventory asset account increases.
b. The inventory asset account decreases.
c. The inventory asset account is not affected. Cost of Goods Sold increases.
d. No accounts are affected. - ✔✔No accounts are affected
✔✔Which form should you use to enter petty cash expenditures?
a. Enter Petty Cash
b. Money Out
c. Enter Credit Card Charges
d. Write Checks or use check register - ✔✔Write Checks or use check register
Make sure that the bank account is a Petty
Cash account that you set up (not your actual checking account).
✔✔When reconciling your bank account in QuickBooks, what must the beginning
balance match?
a. The beginning balance should always equal the net amount of all uncleared bank
transactions.
b. It should always match the opening balance on the paper bank statement.
c. It should always match the original account opening balance when the account was
created.
d. The beginning balance should always be zero. - ✔✔It should always match the
opening balance on the paper bank statement
✔✔49. What is a reason to use the Items tab when entering a bill?
a. To track expenses.
b. To assign a cost to a job or purchase inventory.
QUESTIONS AND ANSWERS SURE A+
✔✔What options do you have after you create a credit memo in QuickBooks?
a. Retain as an available credit
b. Give a refund
c. Apply to an invoice
d. All of the above - ✔✔All of the above
A credit memo is used when a customer
returns goods or you want to credit them for services you've provided. It "reverses" a
sale.
✔✔Suppose you have a subcontractor who receives a 1099 from your company. Which
list should you add them to?
a. Employee List
b. Vendor List
,c. Other Names List
d. Class List - ✔✔Class List
✔✔When should you NEVER delete a check?
a. You recorded a check but have not printed it yet.
b. You printed a check on blank paper but now realize you don't want to record the
check.
c. You accidentally recorded the same check (with the same check number) twice.
d. You printed a check, and the check number has been used. - ✔✔You printed a
check, and the check number has been used
✔✔What methods for purchasing can be recorded using the Write Checks window?
a. Debit card purchase
b. Petty cash purchase
c. ATM withdrawal
d. All of the above - ✔✔All of the above
✔✔How do you track accounts payable in QuickBooks?
a. Enter a bill, and then use the Write Checks window.
b. Write a check, and then mark it as "pending" until you pay it.
c. Enter a bill, and then use the Pay Bills window.
d. You can't track accounts payable. - ✔✔Enter a bill, and then use the Pay Bills window
✔✔What transaction/form do you begin with to enter a vendor credit?
a. Vendor Credit
b. Enter Bill
c. Pay Bills window
d. Receive Vendor Credit - ✔✔Enter Bill
, ✔✔What happens to the inventory asset account when you enter a purchase order for
inventory?
a. The inventory asset account increases.
b. The inventory asset account decreases.
c. The inventory asset account is not affected. Cost of Goods Sold increases.
d. No accounts are affected. - ✔✔No accounts are affected
✔✔Which form should you use to enter petty cash expenditures?
a. Enter Petty Cash
b. Money Out
c. Enter Credit Card Charges
d. Write Checks or use check register - ✔✔Write Checks or use check register
Make sure that the bank account is a Petty
Cash account that you set up (not your actual checking account).
✔✔When reconciling your bank account in QuickBooks, what must the beginning
balance match?
a. The beginning balance should always equal the net amount of all uncleared bank
transactions.
b. It should always match the opening balance on the paper bank statement.
c. It should always match the original account opening balance when the account was
created.
d. The beginning balance should always be zero. - ✔✔It should always match the
opening balance on the paper bank statement
✔✔49. What is a reason to use the Items tab when entering a bill?
a. To track expenses.
b. To assign a cost to a job or purchase inventory.
