Intuit Bookkeeping Professional Certificate
Part 2 Knowledge Checks/Activities/Quizzes
| Actual Questions & Verified Answers |
100% Correct
This Intuit Bookkeeping Exam validates skills in fundamental accounting
and using QuickBooks, covering assets, liabilities, equity, sales,
purchases, reconciliation, and financial statements , designed to certify
professionals for roles like QuickBooks Live bookkeepers, with a rigorous
format that includes unique "yes/no" multiple-choice questions for each
option, testing practical application of accounting principles within the
Intuit ecosystem.
Quiz_________________?
The cleaning business is hired to clean a personal office. They
are paid $250 cash for their services. what accounts are affected
by the cleaning job? -
Answer☑️
assets and equity
Quiz_________________?
after posting the cleaning service (paid $250) to the books, what
does the accounting equation look like now? (accounting equation
beforehand was Assets $6,000 = Liabilities $1,000 + Equity
$5,000) -
Answer☑️
Assets = $6,250
Liabilities = no change
Equity = $5,250
, Quiz_________________?
after being paid $250 cash for the cleaning service, is the cash
account debited or credited $250? -
Answer☑️
debited
Quiz_________________?
Later, the cleaning business pays $500 of debt with cash. What
does the accounting equation look like now? (accounting equation
beforehand was Assets $6,250 = Liabilities $1,000 + Equity
$5,250) -
Answer☑️
Assets = $5,750
Liabilities = $500
Equity = $5,250
Quiz_________________?
The cleaning business cleans an apartment complex and issues
an invoice for $1,000. What does the accounting equation look
like now? (accounting equation beforehand was Assets $5,750 =
Liabilities $500 + Equity $5,250) -
Answer☑️
Assets = $6,750
Liabilities = no change
Equity = $6,250
Quiz_________________?
The retail store is starting out with $12,500 in cash and inventory
and no debt. Balance the accounting equation. -
, Answer☑️
Assets = $12,500
Liabilities = $0
Equity = $12,500
Quiz_________________?
Cash sales are transactions where the customer pays for goods
or services. Which of the following best describes how cash sales
are made? -
Answer☑️
Immediately with cash, check, or a credit or debit card
Quiz_________________?
A business records cash sales through a POS system. What type
of record is that considered? -
Answer☑️
Automatic
Quiz_________________?
How do POS systems impact bookkeeping processes? -
Answer☑️
By automatically recording the date, time, items sold, and
payment method. By streamlining the sales recording process. By
reducing the likelihood of errors or omissions
Quiz_________________?
When does a business typically create an invoice? -
Answer☑️
When a business delivers a product or provides a service to a
customer and it is a credit sale
Part 2 Knowledge Checks/Activities/Quizzes
| Actual Questions & Verified Answers |
100% Correct
This Intuit Bookkeeping Exam validates skills in fundamental accounting
and using QuickBooks, covering assets, liabilities, equity, sales,
purchases, reconciliation, and financial statements , designed to certify
professionals for roles like QuickBooks Live bookkeepers, with a rigorous
format that includes unique "yes/no" multiple-choice questions for each
option, testing practical application of accounting principles within the
Intuit ecosystem.
Quiz_________________?
The cleaning business is hired to clean a personal office. They
are paid $250 cash for their services. what accounts are affected
by the cleaning job? -
Answer☑️
assets and equity
Quiz_________________?
after posting the cleaning service (paid $250) to the books, what
does the accounting equation look like now? (accounting equation
beforehand was Assets $6,000 = Liabilities $1,000 + Equity
$5,000) -
Answer☑️
Assets = $6,250
Liabilities = no change
Equity = $5,250
, Quiz_________________?
after being paid $250 cash for the cleaning service, is the cash
account debited or credited $250? -
Answer☑️
debited
Quiz_________________?
Later, the cleaning business pays $500 of debt with cash. What
does the accounting equation look like now? (accounting equation
beforehand was Assets $6,250 = Liabilities $1,000 + Equity
$5,250) -
Answer☑️
Assets = $5,750
Liabilities = $500
Equity = $5,250
Quiz_________________?
The cleaning business cleans an apartment complex and issues
an invoice for $1,000. What does the accounting equation look
like now? (accounting equation beforehand was Assets $5,750 =
Liabilities $500 + Equity $5,250) -
Answer☑️
Assets = $6,750
Liabilities = no change
Equity = $6,250
Quiz_________________?
The retail store is starting out with $12,500 in cash and inventory
and no debt. Balance the accounting equation. -
, Answer☑️
Assets = $12,500
Liabilities = $0
Equity = $12,500
Quiz_________________?
Cash sales are transactions where the customer pays for goods
or services. Which of the following best describes how cash sales
are made? -
Answer☑️
Immediately with cash, check, or a credit or debit card
Quiz_________________?
A business records cash sales through a POS system. What type
of record is that considered? -
Answer☑️
Automatic
Quiz_________________?
How do POS systems impact bookkeeping processes? -
Answer☑️
By automatically recording the date, time, items sold, and
payment method. By streamlining the sales recording process. By
reducing the likelihood of errors or omissions
Quiz_________________?
When does a business typically create an invoice? -
Answer☑️
When a business delivers a product or provides a service to a
customer and it is a credit sale
