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QUICKBOOKS (INTUIT) CERTIFICATION
EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS
Move each answer financial report from the list on the left to the correct
description on the right.
1) Shows assets, liabilities, and equity at one point in time
2) Used to understand changes in revenues and expenditures
3) Shows income, expenses, and net income during a specific time period
4) Provides information about the current financial health of a business
Ans: 1) Balance sheet
2) Balance sheet
3) Profit & loss
4) Profit & loss
You want to pass on some of your costs directly to customers in
Quicbooks Online. You are able to assign a customer to a cost, but you
cannot mark it as billable. You need to make costs billable in Quickbooks
Online. What should you do? Ans: C) In the account and settings area,
on the Expenses tab, toggle on Make expenses and items billable.
You are sending an invoice to a customer. You need to set up the
payment terms. What does a payment term of "Net 15" mean? Ans: A)
The customer must pay the invoice in full within 15 days of the invoice
date.
Which lists can you import into Quickbooks Online Plus from the import
Data screen? Ans: A) Products and services
QUICKBOOKS (INTUIT) CERTIFICATION
EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS
Move each answer financial report from the list on the left to the correct
description on the right.
1) Shows assets, liabilities, and equity at one point in time
2) Used to understand changes in revenues and expenditures
3) Shows income, expenses, and net income during a specific time period
4) Provides information about the current financial health of a business
Ans: 1) Balance sheet
2) Balance sheet
3) Profit & loss
4) Profit & loss
You want to pass on some of your costs directly to customers in
Quicbooks Online. You are able to assign a customer to a cost, but you
cannot mark it as billable. You need to make costs billable in Quickbooks
Online. What should you do? Ans: C) In the account and settings area,
on the Expenses tab, toggle on Make expenses and items billable.
You are sending an invoice to a customer. You need to set up the
payment terms. What does a payment term of "Net 15" mean? Ans: A)
The customer must pay the invoice in full within 15 days of the invoice
date.
Which lists can you import into Quickbooks Online Plus from the import
Data screen? Ans: A) Products and services
