Linkedin QuickBooks Online Essential Training Multiple Choice Questions:

1. Duncan is creating records for inventory products in QuickBooks Online. Which field will he fill in that is not used for noninventory products? A quantity on hand B. asset account C. all of these answers D. as of date 2. Iver needs to record a credit from a vendor for damaged products. Which type of transaction should he create in this situation? A. deposit B. credit memo C. bill D. vendor credit 3. What steps must you perform if you want to see values in the Low Stock and Out of Stock boxes on the Products and services screen? A. Fill in the Quantity on hand field for all products. B. Fill in the Reorder field for all products. C. Turn on the Track inventory quantity on hand setting and fill in the Quantity on hand field for your inventory products. D. Turn on the Track inventory quantity on hand setting and fill in the Reorder field for your inventory products. 4. A Credit Memo is the transaction you choose to create a customer credit for all of these situations except A. issuing a refund check to the customer B. creating a credit to apply to a future invoice C. creating a credit and apply a portion of it to an invoice D. creating a credit to apply to an existing invoice 5. Sophie wants to apply a discount to a specific product in a customer's invoice. Which QuickBooks Online feature should she use to accomplish this? A. a discount in the Products and Services list B. the discount box beneath the table in the invoice screen C. a service in the Products and Services list D. the discount box in the product panel when creating or editing the product range. 6. Asset accounts typically use numbers in the A. 2000-2999 B. 4000-4999 C. 1000 - 1999 D. 6000-6999