Intuit Bookkeeping Professional Certificate
Part 1 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_________________?
A business receives cash from a customer for a sale. Would you
make a debit or credit entry to the cash account to reflect the
increase in cash? -
Answer☑️
Debit
Quiz_________________?
A business pays cash to settle a vendor's invoice. Would you
make a debit or credit entry to the cash account to reflect the
decrease in cash? -
Answer☑️
Credit
Quiz_________________?
1
, A business purchases inventory on credit from a supplier. Would
you make a debit or credit entry to the inventory account to reflect
the increase in inventory? -
Answer☑️
Debit
Quiz_________________?
A business sells a piece of equipment and receives cash as
payment. Would you make a debit or credit entry to the equipment
account to reflect the decrease in equipment? -
Answer☑️
Credit
Quiz_________________?
Jalen and Sloan are starting a new business together. They want
to select the best type of business entity to suit their needs. Let's
analyze their requirements and determine which business entity is
the best option.
Question: If Jalen and Sloan want to have limited personal liability
for the business, which is the best choice? -
Answer☑️
Limited liability company (LLC)
Quiz_________________?
Jalen and Sloan are starting a new business together. They want
to select the best type of business entity to suit their needs. Let's
analyze their requirements and determine which business entity is
the best option.
Question: If they want the flexibility to have additional owners join
the business in the future, which is the best choice? -
Answer☑️
2
Part 1 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_________________?
A business receives cash from a customer for a sale. Would you
make a debit or credit entry to the cash account to reflect the
increase in cash? -
Answer☑️
Debit
Quiz_________________?
A business pays cash to settle a vendor's invoice. Would you
make a debit or credit entry to the cash account to reflect the
decrease in cash? -
Answer☑️
Credit
Quiz_________________?
1
, A business purchases inventory on credit from a supplier. Would
you make a debit or credit entry to the inventory account to reflect
the increase in inventory? -
Answer☑️
Debit
Quiz_________________?
A business sells a piece of equipment and receives cash as
payment. Would you make a debit or credit entry to the equipment
account to reflect the decrease in equipment? -
Answer☑️
Credit
Quiz_________________?
Jalen and Sloan are starting a new business together. They want
to select the best type of business entity to suit their needs. Let's
analyze their requirements and determine which business entity is
the best option.
Question: If Jalen and Sloan want to have limited personal liability
for the business, which is the best choice? -
Answer☑️
Limited liability company (LLC)
Quiz_________________?
Jalen and Sloan are starting a new business together. They want
to select the best type of business entity to suit their needs. Let's
analyze their requirements and determine which business entity is
the best option.
Question: If they want the flexibility to have additional owners join
the business in the future, which is the best choice? -
Answer☑️
2
