PART 1 KNOWLEDGE CHECKS/ACTIVITIES/QUIZES
FOR INTUIT BOOKKEEPING PROFESSIONAL
CERTIFICATE QUESTIONS AND VERIFIED ANSWERS
2026
AAbusinessAreceivesAcashAfromAaAcustomerAforAaAsale.AWouldAyouAmakeAaAdebitAorAcreditAentryAtoA
theAcashAaccountAtoAreflectAtheAincreaseAinAcash?A-ACORRECTAANSWER-Debit
AAbusinessApaysAcashAtoAsettleAaAvendor'sAinvoice.AWouldAyouAmakeAaAdebitAorAcreditAentryAtoAtheA
cashAaccountAtoAreflectAtheAdecreaseAinAcash?A-ACORRECTAANSWER-Credit
AAbusinessApurchasesAinventoryAonAcreditAfromAaAsupplier.AWouldAyouAmakeAaAdebitAorAcreditAentr
yAtoAtheAinventoryAaccountAtoAreflectAtheAincreaseAinAinventory?A-ACORRECTAANSWER-Debit
AAbusinessAsellsAaApieceAofAequipmentAandAreceivesAcashAasApayment.AWouldAyouAmakeAaAdebitAo
rAcreditAentryAtoAtheAequipmentAaccountAtoAreflectAtheAdecreaseAinAequipment?A-
ACORRECTAANSWER-Credit
JalenAandASloanAareAstartingAaAnewAbusinessAtogether.ATheyAwantAtoAselectAtheAbestAtypeAofAbusin
essAentityAtoAsuitAtheirAneeds.ALet'sAanalyzeAtheirArequirementsAandAdetermineAwhichAbusinessAen
tityAisAtheAbestAoption.A
Question:AIfAJalenAandASloanAwantAtoAhaveAlimitedApersonalAliabilityAforAtheAbusiness,AwhichAisAthe
AbestAchoice?A-ACORRECTAANSWER-LimitedAliabilityAcompanyA(LLC)
JalenAandASloanAareAstartingAaAnewAbusinessAtogether.ATheyAwantAtoAselectAtheAbestAtypeAofAbusin
essAentityAtoAsuitAtheirAneeds.ALet'sAanalyzeAtheirArequirementsAandAdetermineAwhichAbusinessAen
tityAisAtheAbestAoption.
Question:AIfAtheyAwantAtheAflexibilityAtoAhaveAadditionalAownersAjoinAtheAbusinessAinAtheAfuture,A
whichAisAtheAbestAchoice?A-ACORRECTAANSWER-Partnership
AAbusinessAhasAoutstandingAcreditAcardAbalancesAforAbusinessAexpensesAincurredAduringAtheAmon
th.AWhichAtypeAofAliabilityAdoesAthisArepresent?A-ACORRECTAANSWER-Current
AAbusinessAborrowsAmoneyAfromAaAfinancialAinstitutionAandAsignsAaAloanAagreementAwithAaArepay
mentAperiodAofA5Ayears.AWhichAtypeAofAliabilityAdoesAthisArepresent?A-ACORRECTAANSWER-Long-
term
FOR INTUIT BOOKKEEPING PROFESSIONAL
CERTIFICATE QUESTIONS AND VERIFIED ANSWERS
2026
AAbusinessAreceivesAcashAfromAaAcustomerAforAaAsale.AWouldAyouAmakeAaAdebitAorAcreditAentryAtoA
theAcashAaccountAtoAreflectAtheAincreaseAinAcash?A-ACORRECTAANSWER-Debit
AAbusinessApaysAcashAtoAsettleAaAvendor'sAinvoice.AWouldAyouAmakeAaAdebitAorAcreditAentryAtoAtheA
cashAaccountAtoAreflectAtheAdecreaseAinAcash?A-ACORRECTAANSWER-Credit
AAbusinessApurchasesAinventoryAonAcreditAfromAaAsupplier.AWouldAyouAmakeAaAdebitAorAcreditAentr
yAtoAtheAinventoryAaccountAtoAreflectAtheAincreaseAinAinventory?A-ACORRECTAANSWER-Debit
AAbusinessAsellsAaApieceAofAequipmentAandAreceivesAcashAasApayment.AWouldAyouAmakeAaAdebitAo
rAcreditAentryAtoAtheAequipmentAaccountAtoAreflectAtheAdecreaseAinAequipment?A-
ACORRECTAANSWER-Credit
JalenAandASloanAareAstartingAaAnewAbusinessAtogether.ATheyAwantAtoAselectAtheAbestAtypeAofAbusin
essAentityAtoAsuitAtheirAneeds.ALet'sAanalyzeAtheirArequirementsAandAdetermineAwhichAbusinessAen
tityAisAtheAbestAoption.A
Question:AIfAJalenAandASloanAwantAtoAhaveAlimitedApersonalAliabilityAforAtheAbusiness,AwhichAisAthe
AbestAchoice?A-ACORRECTAANSWER-LimitedAliabilityAcompanyA(LLC)
JalenAandASloanAareAstartingAaAnewAbusinessAtogether.ATheyAwantAtoAselectAtheAbestAtypeAofAbusin
essAentityAtoAsuitAtheirAneeds.ALet'sAanalyzeAtheirArequirementsAandAdetermineAwhichAbusinessAen
tityAisAtheAbestAoption.
Question:AIfAtheyAwantAtheAflexibilityAtoAhaveAadditionalAownersAjoinAtheAbusinessAinAtheAfuture,A
whichAisAtheAbestAchoice?A-ACORRECTAANSWER-Partnership
AAbusinessAhasAoutstandingAcreditAcardAbalancesAforAbusinessAexpensesAincurredAduringAtheAmon
th.AWhichAtypeAofAliabilityAdoesAthisArepresent?A-ACORRECTAANSWER-Current
AAbusinessAborrowsAmoneyAfromAaAfinancialAinstitutionAandAsignsAaAloanAagreementAwithAaArepay
mentAperiodAofA5Ayears.AWhichAtypeAofAliabilityAdoesAthisArepresent?A-ACORRECTAANSWER-Long-
term