Quickbooks (Intuit) Certification Exam
UPDATED ACTUAL Exam Questions and
CORRECT 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 - CORRECT
ANSWER - 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? - CORRECT ANSWER - 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? - CORRECT ANSWER - 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? -
CORRECT ANSWER - A) Products and services
1) Quickbooks Payments allows you to accept payments directly from customers.
2) Quickbooks Paymentts accepts credit cards, debit cards, cash, checks, and ACH bank
transfers.
3) Transaction fees for using Quickbooks Payments are changed on a separate monthly invoice
from Intuit. - CORRECT ANSWER - 1) True
UPDATED ACTUAL Exam Questions and
CORRECT 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 - CORRECT
ANSWER - 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? - CORRECT ANSWER - 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? - CORRECT ANSWER - 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? -
CORRECT ANSWER - A) Products and services
1) Quickbooks Payments allows you to accept payments directly from customers.
2) Quickbooks Paymentts accepts credit cards, debit cards, cash, checks, and ACH bank
transfers.
3) Transaction fees for using Quickbooks Payments are changed on a separate monthly invoice
from Intuit. - CORRECT ANSWER - 1) True
