ACCOUNTING QBO FINAL PAPER 2026
COMPLETE ANSWERS VERIFIED
◉ 1.3.5A. You have two accounts in your chart of accounts that are
similar, and you only need one of the accounts. Place the steps in
order to merge the Bookkeeper account into the Accounting
account. Not all steps will be used Answer: 1) Select Edit from the
ACTION column for the Bookkeeper account.
2) Change the account name on the Bookkeeper account to
Accounting
3) Select Save and Close
4) Select Yes when presented with the confirmation message about
merging two accounts
◉ 1.4.1A. Recurring transactions can be used for all of the following
types of transactions except which one? Answer: c. Bill Payment
◉ 1.4.2A. Match each type of recurring transaction to its description.
Answer: Description >
Type of Recurring Transaction:
, a.Transactions with a fixed schedule and amounts that don't change,
such as rent payments, loan payments, and depreciation. >
Scheduled
b.Transactions with a fixed schedule that need to be edited before
they are created, such as utility bills. > Reminder
c.Saved with partial or complete data and without a schedule.
Nothing happens to this type of template until you choose to use it. >
Unscheduled
◉ 1.4.3A. Based on the setup for the recurring bill below, which
statement is correct? Answer: b. The recurring transaction will start
on July 1, 20x1 and process again on first of August, September,
October, and November 20x1.
◉ 1.5.1A. What information is not required on a journal entry?
Answer: c. Description
◉ 1.5.2A. Which of the following is true about journal entries? Select
all that apply Answer: a. Debit amounts must equal credit amounts
before you can save a journal entry.
COMPLETE ANSWERS VERIFIED
◉ 1.3.5A. You have two accounts in your chart of accounts that are
similar, and you only need one of the accounts. Place the steps in
order to merge the Bookkeeper account into the Accounting
account. Not all steps will be used Answer: 1) Select Edit from the
ACTION column for the Bookkeeper account.
2) Change the account name on the Bookkeeper account to
Accounting
3) Select Save and Close
4) Select Yes when presented with the confirmation message about
merging two accounts
◉ 1.4.1A. Recurring transactions can be used for all of the following
types of transactions except which one? Answer: c. Bill Payment
◉ 1.4.2A. Match each type of recurring transaction to its description.
Answer: Description >
Type of Recurring Transaction:
, a.Transactions with a fixed schedule and amounts that don't change,
such as rent payments, loan payments, and depreciation. >
Scheduled
b.Transactions with a fixed schedule that need to be edited before
they are created, such as utility bills. > Reminder
c.Saved with partial or complete data and without a schedule.
Nothing happens to this type of template until you choose to use it. >
Unscheduled
◉ 1.4.3A. Based on the setup for the recurring bill below, which
statement is correct? Answer: b. The recurring transaction will start
on July 1, 20x1 and process again on first of August, September,
October, and November 20x1.
◉ 1.5.1A. What information is not required on a journal entry?
Answer: c. Description
◉ 1.5.2A. Which of the following is true about journal entries? Select
all that apply Answer: a. Debit amounts must equal credit amounts
before you can save a journal entry.
