QUICKBOOKS PROADVISOR FINAL EXAM
SCRIPT 2026 QUESTIONS AND CORRECT
ANSWERS
◉ You're configuring the Sales options in Account and settings for
client. Switching off Show Product/Service column on sales forms
switches off several other settings. Which of the following does it
NOT affect?
Answer: Show items table on expense and purchase forms
◉ Customer transactions should always involve one of the sales
forms estimate, invoice, sales receipt, credit memo or refund receipt.
Why is this?
Answer: Inventory quantity on hand can be tracked
◉ Which one of the following statements about estimates is FALSE?
Answer: Estimate values show up in financial statements such as the
profit and loss and balance sheet
◉ In which of the following scenarios should you use a bank deposit
transaction in QuickBooks to record the activity?
Answer: -When your clients want to record receiving funds from
loan proceeds
,◉ When thinking about how QuickBooks uses tags, which of the
following statements are TRUE?
Answer: You can set them up and group them to help keep track of
specific areas of your clients business
The names of the tags you have set will appear in any QuickBooks -
created document you send out
◉ You can include attachments to a customer's records. This is a
useful feature as it offers secure storage of files. Which of the
following should you NOT attach here?
Answer: Credit memos
◉ Which of the following statements are TRUE regarding invoices?
Answer: -Customer payment is a separate transaction
-Affects accounts receivable accounts
-Supports accrual-basis accounting
◉ Which of the following statements are TRUE regarding sales
receipts?
Answer: -Customer pays immediately
-Affects cash accounts
-Supports cash-basis accounting
, ◉ In which of the following cases should you use a Bank deposit
transaction in QuickBooks to record what's happened?
Answer: -Your client receives a refund from the IRS
-A customer pays an invoice
◉ Which types of customer statements can QuickBooks generate?
Answer: -Statements that show only open transactions
-Statements that show sales transactions and payments between
two specified dates
-Statements that show a beginning balance with a list of sales
transactions for a selected date range, and a running balance
◉ What does QuickBooks do when automatically applying credits
for a customer?
Answer: -Applies credits to the oldest open invoice first
-It applies credits to the next invoice created if there are not open
invoices
◉ Which template types are good starting points if your client wants
to record transactions in the future that occur on an ad-hoc basis or
where the details are subject to change each time?
Answer: -Unscheduled
Dynamic
SCRIPT 2026 QUESTIONS AND CORRECT
ANSWERS
◉ You're configuring the Sales options in Account and settings for
client. Switching off Show Product/Service column on sales forms
switches off several other settings. Which of the following does it
NOT affect?
Answer: Show items table on expense and purchase forms
◉ Customer transactions should always involve one of the sales
forms estimate, invoice, sales receipt, credit memo or refund receipt.
Why is this?
Answer: Inventory quantity on hand can be tracked
◉ Which one of the following statements about estimates is FALSE?
Answer: Estimate values show up in financial statements such as the
profit and loss and balance sheet
◉ In which of the following scenarios should you use a bank deposit
transaction in QuickBooks to record the activity?
Answer: -When your clients want to record receiving funds from
loan proceeds
,◉ When thinking about how QuickBooks uses tags, which of the
following statements are TRUE?
Answer: You can set them up and group them to help keep track of
specific areas of your clients business
The names of the tags you have set will appear in any QuickBooks -
created document you send out
◉ You can include attachments to a customer's records. This is a
useful feature as it offers secure storage of files. Which of the
following should you NOT attach here?
Answer: Credit memos
◉ Which of the following statements are TRUE regarding invoices?
Answer: -Customer payment is a separate transaction
-Affects accounts receivable accounts
-Supports accrual-basis accounting
◉ Which of the following statements are TRUE regarding sales
receipts?
Answer: -Customer pays immediately
-Affects cash accounts
-Supports cash-basis accounting
, ◉ In which of the following cases should you use a Bank deposit
transaction in QuickBooks to record what's happened?
Answer: -Your client receives a refund from the IRS
-A customer pays an invoice
◉ Which types of customer statements can QuickBooks generate?
Answer: -Statements that show only open transactions
-Statements that show sales transactions and payments between
two specified dates
-Statements that show a beginning balance with a list of sales
transactions for a selected date range, and a running balance
◉ What does QuickBooks do when automatically applying credits
for a customer?
Answer: -Applies credits to the oldest open invoice first
-It applies credits to the next invoice created if there are not open
invoices
◉ Which template types are good starting points if your client wants
to record transactions in the future that occur on an ad-hoc basis or
where the details are subject to change each time?
Answer: -Unscheduled
Dynamic
