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QuickBooks Certification Exam Study Guide 2024 Actual Questions with Verified Answers, 100% Guarantee Pass
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QuickBooks Certification Exam Study Guide 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

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  • September 3, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • quickbooks certification exam study guide

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  • QuickBooks
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QuickBooks Certification Exam Study Guide.pdf file:///C:/Users/HP/Desktop/SSSSSSS/QuickBooks%20Certification




QuickBooks Certification Exam Study Guide



1. Why would you hide or collapse sub accounts on a report?

ANS To temporarilyhide unnecessary detail and hide parent accounts

2. What should you do after you click save & close on a customer credit memo?

ANS Choose between retained as an available credit, give a refund or applyto an invoice

3. Which of the following CAN be memorized in quickbooks?

ANS check

4. Which is NOT shown on the payroll summary report on quickbooks?

ANS infor-mation necessary to complete your state unemployment tax form

5. The bank notified you that a customer's check you deposited has bounced.The customer

did not have sufficient funds to cover the check. What should you do?

ANS Record a transaction to show the customer owes you the money and thatthe checking

balance decreased by that same amount

6. Suppose you always want all reports to show a specific size and color,how do you set

standard preference in quickbooks so you don't have to customizeeach report?

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ANS Click the edit menu and select preferences then click the reports andgraphs group to set

preferences

7. Suppose you want to restrict which users can access customer credit cardnumbers.

How do you do this?

ANS Give the user access to sales and accounts receivable but do not check the complete credit

card numbers

8. Which of the following is a possible reason for a bank reconciliation dis- crepancy?

ANS The beginning balance calculated by quickbooks does not match lastmonths ending

balance

9. which of the following statements isTRUE regarding Undeposited funds?

ANS Itis an account used to record payments before you make a deposit

10. Which accounts are affected when you enter Time in quickbooks?

ANS Ac-counts receivable

11. Workers who require a W2 tax form at the end of the year should be addedto which of

the following lists?

ANS Employee

12. If you have customized report that you use each month, which feature letsyou run the

ANS Memorize Report
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13. What is the primary reason for setting a closing date in Quickbooks?

ANS Torestrict users from deleting, editing or adding transactions to last year

14. Your new employee earned an annual salary of $40,000. How do you enterthis into

quickbooks?

ANS Enter 40,000 in the payroll info window

15. What steps must you complete to use the payroll center to pay payrollliabilities

ANS set deposit frequencies

16. Name the section of the balance sheet

ANS Assets, Liabilities, Equity




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