Coursera Intuit Bookkeeping Certification Quiz’s Compilation
Questions and Correct Answers
1. If your account balances don't match at the end of the month, which of the
following steps should you take to find the error? Select all that apply.
a. Don't worry about it. Books have a way of balancing out over time.
b. Go line by line comparing ledger entries with the external account statement
c. Check the balance difference and cross-reference for missing transactions of
that amount
d. Check for transposition errorsANSWER b, c, d
2. If I use the balance sheet approach for reconciling the books each month, all
of the following accounts would be reconciled exceptANSWER
a. cash
b. bank statement
c. accounts payable
d. inventoryANSWER b. bank statement
Inventory, Cash, and Accounts Payable are all accounts on the balance sheet. A Bank Statement is not an external source
document used to cross-check internal cash accounts during the reconciliation process.
3. The reconciliation process can help with the following exceptANSWER
a. Ensuring the business is profitable
b. Ensuring all transactions are accounted for
c. Ensure account balances are accurate
d. Ensure any fraudulent activities are more easily detectedANSWER a. Ensuring the
business is profitable
The reconciliation process can do a lot of things for a business except ensure its profitability.
4. True or FalseANSWER The month-end close-out process for certain accounts
is con- sidered a type of reconciliation.ANSWER TrueANSWER o close out the books at the end of
the month, you will have to reconcile certain accounts.
5. As a bookkeeper, you will be primarily concerned with a business'sANSWER
a. Employee Benefits
b. Marketing Strategy
c. Technology Investments
d. Financial TransactionsANSWER d. Financial Transactions
6. Which of the following is not a typical task bookkeepers perform for their
clients?
1/2
Questions and Correct Answers
1. If your account balances don't match at the end of the month, which of the
following steps should you take to find the error? Select all that apply.
a. Don't worry about it. Books have a way of balancing out over time.
b. Go line by line comparing ledger entries with the external account statement
c. Check the balance difference and cross-reference for missing transactions of
that amount
d. Check for transposition errorsANSWER b, c, d
2. If I use the balance sheet approach for reconciling the books each month, all
of the following accounts would be reconciled exceptANSWER
a. cash
b. bank statement
c. accounts payable
d. inventoryANSWER b. bank statement
Inventory, Cash, and Accounts Payable are all accounts on the balance sheet. A Bank Statement is not an external source
document used to cross-check internal cash accounts during the reconciliation process.
3. The reconciliation process can help with the following exceptANSWER
a. Ensuring the business is profitable
b. Ensuring all transactions are accounted for
c. Ensure account balances are accurate
d. Ensure any fraudulent activities are more easily detectedANSWER a. Ensuring the
business is profitable
The reconciliation process can do a lot of things for a business except ensure its profitability.
4. True or FalseANSWER The month-end close-out process for certain accounts
is con- sidered a type of reconciliation.ANSWER TrueANSWER o close out the books at the end of
the month, you will have to reconcile certain accounts.
5. As a bookkeeper, you will be primarily concerned with a business'sANSWER
a. Employee Benefits
b. Marketing Strategy
c. Technology Investments
d. Financial TransactionsANSWER d. Financial Transactions
6. Which of the following is not a typical task bookkeepers perform for their
clients?
1/2
