INTUIT BOOKKEEPING TEST
Questions & Answers
1. A listing of the account numbers and titles but without account balances is
the of accounts.
ANS Chart
2. Prior to approving a vendor's invoice for payment, the invoice, receiving
ticket, and order should be compared.
ANS Purchases
3. The report that sorts a company's accounts receivables into current, 1-30
days past due, 31-60 days past due, etc. is referred to as the
of accounts receivable.
ANS Aging
1/7
, 4. The amount of insurance premiums that have not yet expired is reported as
an .
ANS Assets
5. Adjusting entries are recorded in the journal.
ANS General
6. The bank statement has an ending balance of $1,700. There are $600 of
deposits in transit
and $2,100 of checks outstanding. The adjusted balance per the bank state-
ment is $ .
ANS $200.00
7. Which of the following will increase the balance in a liability account?
ANS Credit
2/7
Questions & Answers
1. A listing of the account numbers and titles but without account balances is
the of accounts.
ANS Chart
2. Prior to approving a vendor's invoice for payment, the invoice, receiving
ticket, and order should be compared.
ANS Purchases
3. The report that sorts a company's accounts receivables into current, 1-30
days past due, 31-60 days past due, etc. is referred to as the
of accounts receivable.
ANS Aging
1/7
, 4. The amount of insurance premiums that have not yet expired is reported as
an .
ANS Assets
5. Adjusting entries are recorded in the journal.
ANS General
6. The bank statement has an ending balance of $1,700. There are $600 of
deposits in transit
and $2,100 of checks outstanding. The adjusted balance per the bank state-
ment is $ .
ANS $200.00
7. Which of the following will increase the balance in a liability account?
ANS Credit
2/7
