QUICK BOOKS CERTIFICATION EXAM
QUESTIONS AND CORRECT ANSWERS|
ACCURATE REAL EXAM WITH
FREQUENTLY TESTED QUESTIONS AND
RATIONALE
Why would you hide or collapse sub accounts on a report? - ✔✔To temporarily
hide unnecessary detail and hide parent accounts
What should you do after you click save & close on a customer credit memo? -
✔✔Choose between retained as an available credit, give a refund or apply to an
invoice
Which of the following CAN be memorized in quickbooks? - ✔✔check
Which is NOT shown on the payroll summary report on quickbooks? -
✔✔information necessary to complete your state unemployment tax form
The bank notified you that a customer's check you deposited has bounced. The
customer did not have sufficient funds to cover the check. What should you do?
- ✔✔Record a transaction to show the customer owes you the money and that
the checking balance decreased by that same amount
1|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Suppose you always want all reports to show a specific size and color,how do
you set standard preference in quickbooks so you don't have to customize each
report? - ✔✔Click the edit menu and select preferences then click the reports
and graphs group to set preferences
Suppose you want to restrict which users can access customer credit card
numbers. How do you do this? - ✔✔Give the user access to sales and accounts
receivable but do not check the complete credit card numbers
Which of the following is a possible reason for a bank reconciliation
discrepancy? - ✔✔The beginning balance calculated by quickbooks does not
match last months ending balance
which of the following statements is TRUE regarding Undeposited funds? - ✔✔It
is an account used to record payments before you make a deposit
Which accounts are affected when you enter Time in quickbooks? -
✔✔Accounts receivable
Workers who require a W2 tax form at the end of the year should be added to
which of the following lists? - ✔✔Employee
If you have customized report that you use each month, which feature lets you
run the - ✔✔Memorize Report
2|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, What is the primary reason for setting a closing date in Quickbooks? - ✔✔To
restrict users from deleting, editing or adding transactions to last year
Your new employee earned an annual salary of $40,000. How do you enter this
into quickbooks? - ✔✔Enter 40,000 in the payroll info window
What steps must you complete to use the payroll center to pay payroll liabilities
- ✔✔set deposit frequencies
Name the section of the balance sheet - ✔✔Assets, Liabilities, Equity
When you create a new company file, quickbooks asks for your start date. What
is the best definition of the start date in quickbooks? - ✔✔The day you chose to
start recording the finacial records in quickbooks
Which of the following statements is NOT true regarding entering and paying
bills in quickbooks? - ✔✔If you use the enter bills window to record a bill, do
not use the write checks window or check register to pay that same bill
How do you use a different forms template when creating a new transaction?
(i.e. Invoice) - ✔✔Open the form, click the templates drop down list and select
the appropriate form
3|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
QUESTIONS AND CORRECT ANSWERS|
ACCURATE REAL EXAM WITH
FREQUENTLY TESTED QUESTIONS AND
RATIONALE
Why would you hide or collapse sub accounts on a report? - ✔✔To temporarily
hide unnecessary detail and hide parent accounts
What should you do after you click save & close on a customer credit memo? -
✔✔Choose between retained as an available credit, give a refund or apply to an
invoice
Which of the following CAN be memorized in quickbooks? - ✔✔check
Which is NOT shown on the payroll summary report on quickbooks? -
✔✔information necessary to complete your state unemployment tax form
The bank notified you that a customer's check you deposited has bounced. The
customer did not have sufficient funds to cover the check. What should you do?
- ✔✔Record a transaction to show the customer owes you the money and that
the checking balance decreased by that same amount
1|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Suppose you always want all reports to show a specific size and color,how do
you set standard preference in quickbooks so you don't have to customize each
report? - ✔✔Click the edit menu and select preferences then click the reports
and graphs group to set preferences
Suppose you want to restrict which users can access customer credit card
numbers. How do you do this? - ✔✔Give the user access to sales and accounts
receivable but do not check the complete credit card numbers
Which of the following is a possible reason for a bank reconciliation
discrepancy? - ✔✔The beginning balance calculated by quickbooks does not
match last months ending balance
which of the following statements is TRUE regarding Undeposited funds? - ✔✔It
is an account used to record payments before you make a deposit
Which accounts are affected when you enter Time in quickbooks? -
✔✔Accounts receivable
Workers who require a W2 tax form at the end of the year should be added to
which of the following lists? - ✔✔Employee
If you have customized report that you use each month, which feature lets you
run the - ✔✔Memorize Report
2|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, What is the primary reason for setting a closing date in Quickbooks? - ✔✔To
restrict users from deleting, editing or adding transactions to last year
Your new employee earned an annual salary of $40,000. How do you enter this
into quickbooks? - ✔✔Enter 40,000 in the payroll info window
What steps must you complete to use the payroll center to pay payroll liabilities
- ✔✔set deposit frequencies
Name the section of the balance sheet - ✔✔Assets, Liabilities, Equity
When you create a new company file, quickbooks asks for your start date. What
is the best definition of the start date in quickbooks? - ✔✔The day you chose to
start recording the finacial records in quickbooks
Which of the following statements is NOT true regarding entering and paying
bills in quickbooks? - ✔✔If you use the enter bills window to record a bill, do
not use the write checks window or check register to pay that same bill
How do you use a different forms template when creating a new transaction?
(i.e. Invoice) - ✔✔Open the form, click the templates drop down list and select
the appropriate form
3|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
