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$$ If you have not knowledge on Quickbook$$ kindly skip the Post.

$$ I need the only correct option of each question not$$ explanation

$15.$ Your client has created two supplier records and used both but only needs one. How do we resolve this?

$$ A$)$ Tick both supplier names from within the supplier centre and use merge from the supplier settings cog

$$ B$)$ Edit the name of one of the suppliers to match the other or use the merge contacts option from within the supplier centre

$$ C$)$ View the transactions for one of the suppliers, tick all and use the batch function to re$-$code

$$ D$)$ Use the reclassify function within Accountant Tools or use the merge contact option from the supplier settings cog

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$16.$ A product$/$service item is posting transactions to the wrong account. Where do we resolve this?

$$ A$)$ Accountant Tools $>$ reclassify $>$ tick the relevant transactions $>$ reclassify the income account

$$ B$)$ Product and Services list $>$ edit the item $>$ recode the income account $>$ update historical transactions

$$ C$)$ Chart of Accounts $>$ edit the income account $>$ edit which items on the Product and Services list are associated with it

$$ D$)$ Product and Services list $>$ batch actions $>$ recode the income account $>$ update historical transactions

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$17.$ Where could you check basic company settings, bank reconciliation history, common issues, and transaction volumes all in one place?

$$ A$)$ Management reports

$$ B$)$ Bank reconciliation

$$ C$)$ Overview

$$ D$)$ Dashboard

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$18.$ A customer has been refunded for materials that were purchased. How can this be recorded on the customer account, income account, bank account, and VAT return in one entry?

$$ A$)$ Record the payment from the bank account to Debtors and No VAT

$$ B$)$ Enter an Expense for materials refunded

$$ C$)$ Enter a Refund receipt to record the refund amount and materials purchased with VAT

$$ D$)$ Enter a Credit note for the materials purchased

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$19.$ When setting up a new stock item, what should the detail type be for the income account?

$$ A$)$ Service$/$fee income

$$ B$)$ Sales of product income

$$ C$)$ Other primary income

$$ D$)$ Discounts$/$refunds given

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$20.$ Which statement is true about the Flat Rate Scheme in QuickBooks Online?

$$ A$)$ A VAT adjustment is required to claim input VAT on capital purchases

$$ B$)$ You can't file the VAT return using the MTD feature

$$ C$)$ The gain$/$loss by FRS is calculated if the VAT rate is selected on purchases

$$ D$)$ The $1\%$ discount for the first year is automatically applied

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$21.$ How do we set up a new VAT rate for a specific scheme?

$$ A$)$ Taxes centre $>$ VAT $>$ settings and create tax code

$$ B$)$ Edit an existing default rate and then save as with a new code detail

$$ C$)$ Settings cog $>$ lists $>$ VAT rates and choose to add rate

$$ D$)$ Taxes centre $>$ VAT and select add tax and then tax rate

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$22.$ What are the benefits of using a bank account as a dummy contra account? $($There are two correct answers.$)$

$$ A$)$ It's visible on the dashboard banking tile which makes it easy to ensure it is cleared down to zero

$$ B$)$ It's quicker to use contra bank entries to clear supplier and customer accounts than journals

$$ C$)$ It uses the bank feed feature within QuickBooks Online to bring transactions in automatically

$$ D$)$ QuickBooks Online does not support contra accounts

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$23.$ Where does a transaction with a No VAT rate show on a VAT return?

$$ A$)$ Box $1$

$$ B$)$ Box $2$

$$ C$)$ Box $4$

$$ D$)$ It doesn't show

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$24.$ What happens if you code an expense directly to the VAT suspense account?

$$ A$)$ A warning will appear to create a VAT payment

$$ B$)$ The liability is settled and the VAT is marked as paid in the VAT centre

$$ C$)$ The liability is reduced but the VAT will still appear as unpaid in the VAT centre

$$ D$)$ Nothing. QuickBooks Online will not allow that entry

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$25.$ Which of the following statements are true? $($There are three correct answers.$)$

$$ A$)$ Both locations and classes can be modified using the reclassify tool

$$ B$)$ A different class can be entered on each line of a bill, expense, or invoice

$$ C$)$ A different address can be associated to a location

$$ D$)$ A different location can be entered on each line of an expense, bill, or invoice

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$26.$ What is the maximum level of 'nesting' allowed when creating sub$-$classes? $($i$.$e$.$ Class $>$ Sub$-$class $>$ sub of sub$-$class$)$

$$ A$)3$

$$ B$)5$

$$ C$)10$

$$ D$)8$