QuickBooks Inuit Certification 2nd Try EXAM QUESTIONS WITH CORRECT ANSWERS
ForgwhichgtwogreasonsgshouldgyougcorrectgyourgonlinegbankgaccountsgtogQuickBooksgOnline?g(Cho
oseg2)g-
gCORRECTgANSWERSA)gTogautomaticallygdownloadgandgcategorizegyourgbankgandgcreditgcardgtrans
actions.
C)gToghelpgpreventgdatagentrygerrors
IngQuickBooksgOnline,gwhichgitemsgshouldgyougmarkgasgBillable?g-
gCORRECTgANSWERSD)gExpensesgforgwhichgagcustomergshouldgreimbursegyou
Identifygthegdifferencegbetweengrecordinggexpensesgongagbillgandgongagcheckg
Completegthegsentencesgbygselectinggthegcorrectgoptiongfromgeachgdropgdownglist.g-
gCORRECTgANSWERSAgbillgdebitsg__E__gandgcreditsg__AP__g
Agcheckgdebitsg__AP__gandgcreditsg__BANK___
AgvendorgcurrentlyghasgpaymentgtermsgofgNetg10.gThegtermsgchangegtogNetg15gstartinggtodaygforgal
lgfuturegbills.gThisgisgagnewgtermgthatgyoughavegnotgusedgbeforeg
Whichgtwogactionsgmustgyougcompletegtogsupportgthisgchange?g(Chooseg2)g-
gCORRECTgANSWERSB)gIngthegAllgListsgarea,ggogtogthegTermsglist.gAddgthegtermg"Netg15"gtogtheglistg
D)gEditgthegvendorgrecord.gIngthegTermsglist,gselectgNetg15
Yougowngagretailgclothinggstore.gYougaregsettinggupgQuickBooksgOnlinegforgyourgstore
YougaregaddinggitemsgthatgyougbuygorgsellgtogQuickBooksgOnlinegProductsgandgServicesg
Forgeachgitemgyougbuygorgsell,gindicategwhethergitgisgangInventorygitemgorgagNon-inventorygitemg
1)gHangersgongwhichgyougdisplaygshirts
2)gShirtsgyougregularlygstockgandgsellgtogcustomersg
, 3)gAgshirtgyougordergforgagspecificgcustomergbutgdognotgusuallygsellg-gCORRECTgANSWERS1)gNon-
inventory
2)gInventory
3)gNon-inventory
WhatginformationgdoesgangAccountsgReceivablegAginggreportgpresent?g-
gCORRECTgANSWERSA)gOverdueginvoicesgwithgduegdates,gdaysgpastgdue,gandgtotalsgforgeachgcusto
mer
YougaregcustomizinggagProfitgandgLossgreport.g
Yougneedgtogdisplaygtwogdategrangesgsidegbygside.
Whichgsettinggshouldgyougconfigure?gSelectgthegcorrectgsettinggingtheganswergarea.g-
gCORRECTgANSWERS"ThisgYear-to-date"
ForgeachgstatementgaboutgQuickBooksgOnlinegdefaultgusergtypes,gselectgTruegorgFalseg
1)gTimegtracking-onlygandgReports-onlygusergtypesgdognotgcountgtowardguserglimitsg
2)gStandardgusersgcangentergtimesheets,gaddgusers,gupdategcompanyginfo,gorgmanagegsubscription
s.
3)gThegMastergAdmingusergisgagpermanentgusergaccountgandgitsgcontrolsgcannotgbegtransferredgorg
assignedgtogagnewguser.g-gCORRECTgANSWERS1)gTrueg
2)gTrue
3)gFalse
WhichglistsgcangyougimportgintogQuickBooksgOnlinegPlusgfromgthegImportgDatagscreen?g-
gCORRECTgANSWERSB)gProductsgandgServices
ForgwhichgtwogreasonsgshouldgyougcorrectgyourgonlinegbankgaccountsgtogQuickBooksgOnline?g(Cho
oseg2)g-
gCORRECTgANSWERSA)gTogautomaticallygdownloadgandgcategorizegyourgbankgandgcreditgcardgtrans
actions.
C)gToghelpgpreventgdatagentrygerrors
IngQuickBooksgOnline,gwhichgitemsgshouldgyougmarkgasgBillable?g-
gCORRECTgANSWERSD)gExpensesgforgwhichgagcustomergshouldgreimbursegyou
Identifygthegdifferencegbetweengrecordinggexpensesgongagbillgandgongagcheckg
Completegthegsentencesgbygselectinggthegcorrectgoptiongfromgeachgdropgdownglist.g-
gCORRECTgANSWERSAgbillgdebitsg__E__gandgcreditsg__AP__g
Agcheckgdebitsg__AP__gandgcreditsg__BANK___
AgvendorgcurrentlyghasgpaymentgtermsgofgNetg10.gThegtermsgchangegtogNetg15gstartinggtodaygforgal
lgfuturegbills.gThisgisgagnewgtermgthatgyoughavegnotgusedgbeforeg
Whichgtwogactionsgmustgyougcompletegtogsupportgthisgchange?g(Chooseg2)g-
gCORRECTgANSWERSB)gIngthegAllgListsgarea,ggogtogthegTermsglist.gAddgthegtermg"Netg15"gtogtheglistg
D)gEditgthegvendorgrecord.gIngthegTermsglist,gselectgNetg15
Yougowngagretailgclothinggstore.gYougaregsettinggupgQuickBooksgOnlinegforgyourgstore
YougaregaddinggitemsgthatgyougbuygorgsellgtogQuickBooksgOnlinegProductsgandgServicesg
Forgeachgitemgyougbuygorgsell,gindicategwhethergitgisgangInventorygitemgorgagNon-inventorygitemg
1)gHangersgongwhichgyougdisplaygshirts
2)gShirtsgyougregularlygstockgandgsellgtogcustomersg
, 3)gAgshirtgyougordergforgagspecificgcustomergbutgdognotgusuallygsellg-gCORRECTgANSWERS1)gNon-
inventory
2)gInventory
3)gNon-inventory
WhatginformationgdoesgangAccountsgReceivablegAginggreportgpresent?g-
gCORRECTgANSWERSA)gOverdueginvoicesgwithgduegdates,gdaysgpastgdue,gandgtotalsgforgeachgcusto
mer
YougaregcustomizinggagProfitgandgLossgreport.g
Yougneedgtogdisplaygtwogdategrangesgsidegbygside.
Whichgsettinggshouldgyougconfigure?gSelectgthegcorrectgsettinggingtheganswergarea.g-
gCORRECTgANSWERS"ThisgYear-to-date"
ForgeachgstatementgaboutgQuickBooksgOnlinegdefaultgusergtypes,gselectgTruegorgFalseg
1)gTimegtracking-onlygandgReports-onlygusergtypesgdognotgcountgtowardguserglimitsg
2)gStandardgusersgcangentergtimesheets,gaddgusers,gupdategcompanyginfo,gorgmanagegsubscription
s.
3)gThegMastergAdmingusergisgagpermanentgusergaccountgandgitsgcontrolsgcannotgbegtransferredgorg
assignedgtogagnewguser.g-gCORRECTgANSWERS1)gTrueg
2)gTrue
3)gFalse
WhichglistsgcangyougimportgintogQuickBooksgOnlinegPlusgfromgthegImportgDatagscreen?g-
gCORRECTgANSWERSB)gProductsgandgServices