Certification (Basic) Exam Practice
Questions And Correct Answers
(Verified Answers) Plus Rationales 2026
Q&A | Instant Download Pdf
1. What is the primary purpose of QuickBooks Online?
A. Video editing
B. Inventory manufacturing only
C. Cloud-based accounting and bookkeeping
D. Website development
Answer: C. Cloud-based accounting and bookkeeping
Rationale: QuickBooks Online is designed to help businesses manage
accounting, bookkeeping, invoicing, expenses, and financial reporting
through the cloud.
, 2. Which QuickBooks Online subscription level includes advanced
reporting and custom user permissions?
A. Simple Start
B. Essentials
C. Plus
D. Advanced
Answer: D. Advanced
Rationale: QuickBooks Online Advanced includes enhanced reporting,
custom permissions, and advanced automation features.
3. Which navigation menu is used to access customer invoices?
A. Payroll
B. Reports
C. Sales
D. Taxes
Answer: C. Sales
Rationale: The Sales menu contains customer-related transactions such as
invoices, estimates, and sales receipts.
4. What is the Chart of Accounts?
,A. Customer database
B. Vendor directory
C. Employee list
D. A list of all financial accounts used by a company
Answer: D. A list of all financial accounts used by a company
Rationale: The Chart of Accounts organizes assets, liabilities, equity,
income, and expense accounts.
5. Which account type normally tracks money in a checking account?
A. Expense
B. Income
C. Equity
D. Bank
Answer: D. Bank
Rationale: Bank-type accounts are used to track checking, savings, and
other financial institution balances.
6. What feature allows QuickBooks Online to automatically import bank
transactions?
A. Journal Entries
B. Payroll Setup
, C. Bank Feeds
D. Budgeting
Answer: C. Bank Feeds
Rationale: Bank Feeds connect financial institutions and automatically
download transactions.
7. What is the purpose of bank reconciliation?
A. Create invoices
B. Pay vendors
C. Track inventory
D. Match QuickBooks records with bank statements
Answer: D. Match QuickBooks records with bank statements
Rationale: Reconciliation verifies that recorded transactions match the
bank’s records.
8. Which form records a customer's promise to purchase goods or
services?
A. Invoice
B. Sales Receipt
C. Estimate
D. Credit Memo