Gmetrix QuickBooks Certified User (QBCU) Online Practice Exam

What information must be entered when creating a journal entry in QuickBooks Online?

Date, debit and credit lines, and Save. Client name and due date. Bank account reconciliation. Tax rate and item.

Correct Answer:

Date, debit and credit lines, and Save.

Explanation:

Journal entries use double‑entry accounting, so every entry records an amount as a debit on one or more accounts and a corresponding credit on other accounts. When creating one in QuickBooks Online, you must specify the date and add at least two lines: a debit line and a credit line with the appropriate accounts and amounts. The debits and credits must balance, and you finalize by saving the entry. Other items like a client name and due date belong to invoices, bank reconciliation is a separate process, and tax rate or item details are used with sales or purchases rather than a basic journal entry.

Access more questions from this quiz

Continue to Gmetrix QuickBooks Certified User (QBCU) Online Practice Exam for more practice questions and the full quiz experience.

Access More Questions