Quick books Online Exam Newest (Updated) 2026 | 2027 with 100& Verified Answers Rated A+)

Quick books Online Exam Newest (Updated) 2026 | 2027 with 100& Verified Answers Rated A+) Quiz_________________? 1) Balance sheet 2) Profit and loss statement 3) Profit and loss statement 4) Balance sheet - Answer Move each financial report from the list on the left to the correct description on the right. 1) Show 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. Quiz_________________? 1) Deleting 2) Voiding 3) Voiding - Answer Complete the sentences by selecting the correct option from each drop down list. 1) A transaction erases it completly from your books 2) An invoice does NOT alter any payment if you've recorded for that invoice 3) A transaction does NOT affect your account balance and you keep a record of that transaction Quiz_________________? 1) False 2) True 3) True 4) False - Answer For each statement about the Cash Flow Statement, select True or False 1) if shows a business's assets, liabilities, and equity 2) It summarizes the cash flowing in and out of a business 3) It is divided intro three sections: Operations, Investments, and Financing 4) It is another name for an income statement for companies that use accrual accounting Quiz_________________? 1) No 2) No 3) Yes 4) Yes - Answer An existing vendor decides to purchase products from your company in Quickbooks online, you set up a customer account for the vendor. For each account field, select Yes if the vendor and customer account entries must be unique or No if they can be identical. 1) First name 2) Last name 3) Display name 4) Company name Quiz_________________? 1) Projects 2) Locations 3) Classes - Answer Move each feature or foot from the list on the left to its purpose on the right 1) Track jobs costs and income 2) Track transactions by city or region 3) Track transactions by departments in a company Quiz_________________? 1) Sales by products/service 2) Sales by customer - Answer Select the correct option from each drop down list 1) To compare products to determine which sell better, use the report 2) To compare customers to determine who buys more from you, use this report Quiz_________________? 1) True 2) True 3) True 4) False - Answer For each statement about Quickbooks Online Plus, select True or False 1) Quickbooks Online Plus provides inventory tracking 2) Quickbooks Online Plus allows up to 5 user license 3) Quickbooks Online Plus provides project profitability tracking. 4) Quickbooks Online Plus includes Payroll support at no additional cost. Quiz_________________? 1) True 2) False 3) True - Answer For each statement about managing unbilled expenses in Quickbooks Online, select True or False. 1) The unbilled costs by job report displays the unbilled expenses 2) If you clear the billable check box for a cost, it is no longer a business expense. 3) You can change the billable status of a cost by selecting or clearing the Billable check box on the check. Quiz_________________? 1) True 2) False 3) True - Answer For each statement about merging vendor accounts, select True or False. 1) After two vendors are merged, the action cannot be undone. 2) To begin merging two vendors, edit the vendor record you want to keep 3) To merge one vendor record with another, change the Company Name or the First and Last names to match the other vendor, Quiz_________________? 1) True 2) False 3) True - Answer For each statement about the risks and benefits of extending functionally through apps, select True or False 1) Your QuickBooks Online account includes free use of all App Store apps. 2) The QuickBooks App Store is available directly from QuickBooks Online Plus 3) Apps that are not fully compliant with intuit requirements will not connect to or sync with your QuickBooks Online company account.