QuickBooks Final Exam (2026 Updated) – Complete Certification Practice Test with Answers &
Study Guide
Chart of Accounts - correct answer ✔✔This is the name of the list of accounts the company
uses as it conducts its business
diets and credits - correct answer ✔✔each account in the general ledger shows all increase and
decreases
Accounting - correct answer ✔✔to edit account names and add account numbers, begin by
clicking this option on the Navigation bar
create icon > journal entry - correct answer ✔✔to enter the opening balances in the Journal
Entries window
ACTION - correct answer ✔✔In the Vendor window, this column is used to initiate various
actions for a selected vendor
Purchase on Account - correct answer ✔✔In QuickBooks Online, the Bill window is used to
record
cash purchase - correct answer ✔✔The Check window is used to record
For my accountant - correct answer ✔✔The Journal report option is located under this option in
the All Reports list.
ACTION - correct answer ✔✔In the customers window, this column is used to initiate various
actions for a selected customer
, Accounts Receivable account - correct answer ✔✔All transactions entered in the Invoice
window result in a debit to the
Accounts Receivable account - correct answer ✔✔A payment of an account receivable produces
a debit to the Undeposited Funds account and a credit to
Sales Receipt window - correct answer ✔✔The window used for all cash sales of goods and
services
Undeposited Funds account - correct answer ✔✔A deposit of receipts as a separate transaction
produces a debit to the checking account and a credit
manage collections, control cash flow, retain an accurate record of all customer related
transactions - correct answer ✔✔The Accounts Receivable and customer - related reports help
the company to
adjusting journal entries - correct answer ✔✔In QuickBooks Online, account adjustments that
are not daily business activities can be made using
preadjusted Trial Balance Report - correct answer ✔✔Once you record adjusting journal entries,
you will no longer be able to view and print a
Income statement and the Balancesheet - correct answer ✔✔The period -end financial
statements includes the
income and expense accounts - correct answer ✔✔Registers are not available for which types of
accounts
Inventory , service - correct answer ✔✔If the item sold is an inventory product, QuickBooks
Online call this a(n) _______________ item as opposed to a(n) _________________ item.
Study Guide
Chart of Accounts - correct answer ✔✔This is the name of the list of accounts the company
uses as it conducts its business
diets and credits - correct answer ✔✔each account in the general ledger shows all increase and
decreases
Accounting - correct answer ✔✔to edit account names and add account numbers, begin by
clicking this option on the Navigation bar
create icon > journal entry - correct answer ✔✔to enter the opening balances in the Journal
Entries window
ACTION - correct answer ✔✔In the Vendor window, this column is used to initiate various
actions for a selected vendor
Purchase on Account - correct answer ✔✔In QuickBooks Online, the Bill window is used to
record
cash purchase - correct answer ✔✔The Check window is used to record
For my accountant - correct answer ✔✔The Journal report option is located under this option in
the All Reports list.
ACTION - correct answer ✔✔In the customers window, this column is used to initiate various
actions for a selected customer
, Accounts Receivable account - correct answer ✔✔All transactions entered in the Invoice
window result in a debit to the
Accounts Receivable account - correct answer ✔✔A payment of an account receivable produces
a debit to the Undeposited Funds account and a credit to
Sales Receipt window - correct answer ✔✔The window used for all cash sales of goods and
services
Undeposited Funds account - correct answer ✔✔A deposit of receipts as a separate transaction
produces a debit to the checking account and a credit
manage collections, control cash flow, retain an accurate record of all customer related
transactions - correct answer ✔✔The Accounts Receivable and customer - related reports help
the company to
adjusting journal entries - correct answer ✔✔In QuickBooks Online, account adjustments that
are not daily business activities can be made using
preadjusted Trial Balance Report - correct answer ✔✔Once you record adjusting journal entries,
you will no longer be able to view and print a
Income statement and the Balancesheet - correct answer ✔✔The period -end financial
statements includes the
income and expense accounts - correct answer ✔✔Registers are not available for which types of
accounts
Inventory , service - correct answer ✔✔If the item sold is an inventory product, QuickBooks
Online call this a(n) _______________ item as opposed to a(n) _________________ item.
