INTUIT BOOKKEEPING PROFESSIONAL
CERTIFICATE EXAM QUESTIONS AND
ANSWERS WITH VERIFIED SOLUTIONS 2026
◉ As a bookkeeper, you must show what 4 ethical ideas? Answer: -
Honesty
-Objectivity
-Confidentiality
-Professionalism
◉ Can you define Accounts Payable? Answer: Money a business
OWES to others for goods or services.
◉ Can you define Accounts Receivable? Answer: Money that is
OWED to a business for providing a good or service.
◉ What are 5 major responsibilities of a bookkeeper? Answer: -
Record financial transactions
-Reconcile bank accounts
-Manage accounts receivable and accounts payable
-Work with tax preparers and assist with tax compliance
-Generate financial statements
, ◉ What does recording financial transactions mean? Answer:
Involves systematically documenting financial events in a business's
accounting system.
◉ What does Reconcile Bank Accounts mean? Answer: Requires
comparing and matching transactions in a business's accounting
records with those in the bank statement to ensure accuracy and to
identify any discrepancies.
◉ What does Managing accounts receivable and accounts payable
mean? Answer: entails efficiently tracking and handling the money
owed to the business by customers and the money owed by the
business to suppliers and creditors.
◉ Your client's account's receivable is &6,750. What does that
mean? Answer: Your client is OWED %6,750 for services or goods
they provided.
◉ What is the Accounting Equation? Answer: Assets = Liabilities +
Owner's equity
◉ What are assests? Answer: Anything the business OWNS of value
or a resource of value that has the potential to be transformed into
cash.
CERTIFICATE EXAM QUESTIONS AND
ANSWERS WITH VERIFIED SOLUTIONS 2026
◉ As a bookkeeper, you must show what 4 ethical ideas? Answer: -
Honesty
-Objectivity
-Confidentiality
-Professionalism
◉ Can you define Accounts Payable? Answer: Money a business
OWES to others for goods or services.
◉ Can you define Accounts Receivable? Answer: Money that is
OWED to a business for providing a good or service.
◉ What are 5 major responsibilities of a bookkeeper? Answer: -
Record financial transactions
-Reconcile bank accounts
-Manage accounts receivable and accounts payable
-Work with tax preparers and assist with tax compliance
-Generate financial statements
, ◉ What does recording financial transactions mean? Answer:
Involves systematically documenting financial events in a business's
accounting system.
◉ What does Reconcile Bank Accounts mean? Answer: Requires
comparing and matching transactions in a business's accounting
records with those in the bank statement to ensure accuracy and to
identify any discrepancies.
◉ What does Managing accounts receivable and accounts payable
mean? Answer: entails efficiently tracking and handling the money
owed to the business by customers and the money owed by the
business to suppliers and creditors.
◉ Your client's account's receivable is &6,750. What does that
mean? Answer: Your client is OWED %6,750 for services or goods
they provided.
◉ What is the Accounting Equation? Answer: Assets = Liabilities +
Owner's equity
◉ What are assests? Answer: Anything the business OWNS of value
or a resource of value that has the potential to be transformed into
cash.
