Sales Practice Quiz – QuickBooks Accounting (2026 Updated) | Invoices, Revenue &
Transactions Test
Question 1
Which path would you select in QuickBooks Online to create a sales receipt? - correct answer
✔✔You would select New, then Sales receipt.
Which piece of information is not mandatory to record a sales receipt? - correct answer
✔✔Customer name
-The customer name field is optional. In some cases, you might use "daily sales" as the
customer name if you aren't attributing the sale to a specific customer.
Which account keeps a record of payments in QuickBooks until you physically deposit the same
payments at your real-life bank? - correct answer ✔✔Undeposited funds
-You can group multiple individual sales in the undeposited funds account and then deposit
them at once at the bank.
Question 4
When creating an invoice in QuickBooks Online, which path would you choose to add a new
customer? - correct answer ✔✔You would select Customer, then Add New.
Sophia does a guest lecture on small business marketing at the Conference of Marketing to
Scale. She invoiced the organizers for $200 and their check just arrived in the mail.
To record the payment, which path would you select in QuickBooks Online? - correct answer
✔✔You would select New, then Receive payments
When you record a sales receipt or invoice for $500, the accounting software will automatically
credit the relevant __________ by $500. - correct answer ✔✔Revenue account
-Eternal Summer might have separate revenue accounts to track sales income and services
income.
Transactions Test
Question 1
Which path would you select in QuickBooks Online to create a sales receipt? - correct answer
✔✔You would select New, then Sales receipt.
Which piece of information is not mandatory to record a sales receipt? - correct answer
✔✔Customer name
-The customer name field is optional. In some cases, you might use "daily sales" as the
customer name if you aren't attributing the sale to a specific customer.
Which account keeps a record of payments in QuickBooks until you physically deposit the same
payments at your real-life bank? - correct answer ✔✔Undeposited funds
-You can group multiple individual sales in the undeposited funds account and then deposit
them at once at the bank.
Question 4
When creating an invoice in QuickBooks Online, which path would you choose to add a new
customer? - correct answer ✔✔You would select Customer, then Add New.
Sophia does a guest lecture on small business marketing at the Conference of Marketing to
Scale. She invoiced the organizers for $200 and their check just arrived in the mail.
To record the payment, which path would you select in QuickBooks Online? - correct answer
✔✔You would select New, then Receive payments
When you record a sales receipt or invoice for $500, the accounting software will automatically
credit the relevant __________ by $500. - correct answer ✔✔Revenue account
-Eternal Summer might have separate revenue accounts to track sales income and services
income.
