complete solution RATED A+ 2025/2026 RATED A+
Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or
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Stock Product, or Account)? - Correct Answers Yes, QuickBooks will automatically create a
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transaction to make the balance zero.
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Il` While setting up a QuickBooks Online account, you accidentally entered the wrong company
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Il` address. How would you fix this error? - Correct Answers Change it in Account and Settings
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Il` window, which you can access by clicking the Gear icon and select Account and Settings.
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Il` If you use QuickBooks Online Plus, how do you charge a customer for expenses you incurred on a
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Il` project? - Correct Answers When entering the expense, enter the customer name and select the
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Il` Billable checkbox. Il`
Il` Your boss asks you to remove an account from the Chart of Accounts (you don't use it anymore).
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Il` How would you do this? - Correct Answers You can't delete an Account from QuickBooks.
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Il` Which transaction does not affect the customer's balance? - Correct Answers Estimate
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Il` Which transaction CANNOT be made recurring? - Correct Answers Deposit
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Il` What do you use Terms for in QuickBooks? - Correct Answers To determine when a customer's
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Il` invoice is due. Il` Il`
Il` Select the statement that's NOT true about using the QuickBooks app on a mobile device. -
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Il` Correct Answers You can do everything (all QuickBooks functionality) on the app that can do in
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Il` your regular QuickBooks (using a browser).
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, Il` Your Accountant is upset that changes are being made to last year's numbers. How can you stop
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Il` this from happening? - Correct Answers In the Advanced section of the company settings, set a
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Il` Closing Date. Il`
Il` Which of the following statements is TRUE regarding products and services? - Correct Answers
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Il` When you purchase or sell a product, the value of the purchase or sale flows to the account (and
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Il` therefore the financial statement) you selected when you set up the product or service.
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Il` Which is NOT a good reason to enter a General Journal Entry? - Correct Answers To avoid using
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Il` the built-in forms (e.g. checks and invoices)
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Il` When should you use the Items Details area (bottom of the screenshot below) on a bill, check or
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Il` expense? - Correct Answers To track sales tax Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
When you want to send someone a bill for items
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When you purchase stock Il` Il` Il`
Il` The Accounts Payable Aging report can help you stay on top of your business because it lists which
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Il` of the following? - Correct Answers You can view what you owe and when it's due.
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Il` What information does QuickBooks NOT ask/need when you create a new QuickBooks Online
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Il` account for a company? - Correct Answers The owner's nameIl` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
Il` Which section of the Balance Sheet shows your Accounts Receivable balance? - Correct Answers
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Il` Assets
Il` Your company would like to sell their products online. They ask you to look for an app that makes
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Il` it easy for customers to buy online. However, they also want you to be efficient. They do NOT want
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Il` you to have to manually enter these sales into QuinckBooks. They want the sales to automatically
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Il` update QuickBooks. What's a good place to start looking for an app that can do this? - Correct
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Il` Answers The Apps tab in QuickBooks. Il` Il` Il` Il` Il` Il` Il` Il`