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Intuit Academy Bookkeeping Professional Certificate: Bookkeeping Basics (2026/2027 Update) With Questions And Verified Answers, 100% Guarantee Pass

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Institution Intuit Academy Bookkeeping Certification
Course Intuit Academy Bookkeeping Certification
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Question 1 The Accounting Principle Correct Answer You can't mix business and personal assets or expenses. Question 2 Accounting Equation Correct Answer Assets = Liabilities + Owner's Equity or Assets - Liabilities = Owner's Equity Question 3 Expanded Accounting Equation Correct Answer Assets = Liabilities + Equity + Revenue - Expenses - Dividends Question 4 The Five Account Types Correct Answer Assets, Liabilities, Equity, Revenue, Expenses Question 5 Normal balance of the five account types Correct Answer Assets- Normal Dr balance Expenses- Normal Dr balance Dividends- Normal Dr balance Equity- Normal Cr balance Revenue- Normal Cr balance Question 6 General Journal Correct Answer A list of transactions organized chronologically

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INTUIT ACADEMY
BOOKKEEPING
PROFESSIONAL
CERTIFICATE:
BOOKKEEPING BASICS
(2025/2026 UPDATE) with
Questions and Verified
Answers, 100% Guarantee
Pass

100% Guarantee Pass




This Exam contains: Intuit
Academy Bookkeeping
✓ Professional Certificate:
Bookkeeping Basics

100% Accurate Questions and
✓ Answers

100% Guarantee Pass - Verified by
✓ Experts

Each Question Includes The Correct
✓ Answer

✓ Expert-Verified




Trusted by thousands of students and professionals worldwide Page 1 of 7

, Question 1
The Accounting Principle
Correct Answer
You can't mix business and personal assets or expenses.

Question 2
Accounting Equation
Correct Answer
Assets = Liabilities + Owner's Equity
or
Assets - Liabilities = Owner's Equity

Question 3
Expanded Accounting Equation
Correct Answer
Assets = Liabilities + Equity + Revenue - Expenses - Dividends

Question 4
The Five Account Types
Correct Answer
Assets, Liabilities, Equity, Revenue, Expenses

Question 5
Normal balance of the five account types
Correct Answer
Assets- Normal Dr balance
Expenses- Normal Dr balance
Dividends- Normal Dr balance
Equity- Normal Cr balance
Revenue- Normal Cr balance

Question 6
General Journal
Correct Answer
A list of transactions organized chronologically




Trusted by thousands of students and professionals worldwide Page 2 of 7

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