QuickBooks Chapter 12 Quiz (2026 Updated) – Advanced Practice Questions &
Answer Guide
Students can confirm their QBO knowledge by passing the: - correct answer ✔✔Certification
test.
QuickBooks Online Setup includes: - correct answer ✔✔Company information.
Signing in and signing out.
The settings menu.
Setting up lists.
All of these.
The purchases workflow includes: - correct answer ✔✔Purchases and bills (A/P), writing checks,
using credit and debit cards.
The sales workflow includes: - correct answer ✔✔Invoicing and customer payments (A/R), sales
receipts.
to view the company's financial information at a glance, go to the - correct answer ✔✔Reports
page.
When you report income when it is received, the method used is: - correct answer ✔✔Cash.
When you report income when you bill it, the method used is: - correct answer ✔✔Accrual.
Ready-to-use templates are included in this selection: - correct answer ✔✔Management
reports.
Answer Guide
Students can confirm their QBO knowledge by passing the: - correct answer ✔✔Certification
test.
QuickBooks Online Setup includes: - correct answer ✔✔Company information.
Signing in and signing out.
The settings menu.
Setting up lists.
All of these.
The purchases workflow includes: - correct answer ✔✔Purchases and bills (A/P), writing checks,
using credit and debit cards.
The sales workflow includes: - correct answer ✔✔Invoicing and customer payments (A/R), sales
receipts.
to view the company's financial information at a glance, go to the - correct answer ✔✔Reports
page.
When you report income when it is received, the method used is: - correct answer ✔✔Cash.
When you report income when you bill it, the method used is: - correct answer ✔✔Accrual.
Ready-to-use templates are included in this selection: - correct answer ✔✔Management
reports.
