Intuit Bookkeeping Professional Certificate – Updated Exam Practice Questions with Verified Answers (2025–2026) – High-Quality Study Material

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INTUIT BOOKKEEPING PROFESSIONAL
CERTIFICATE EXAM UPDATED FOR 2025–2026
WITH ALL NEW QUESTIONS AND EXACTLY
RIGHT ANSWERS | A+ QUALITY GUARANTEE
What are the 5 Account Types? - ANSWER: - Assets

- Liabilities

- Equity

- Revenue

- Expenses



What is the accounting formula? - ANSWER: Assets = Liabilities + Equity +
Revenue - Expenses



What does DEA/LER stand for? - ANSWER: - Debit

Expenses and Assets

- Credit

Liabilities

Equity

Revenue



What are the 6 steps of the Accounting-Cycle? - ANSWER: - Collect and Analyze
Transactions

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- Record/Post transactions to the ledger

- Prepare and unadjusted trial balance

- Prepare adjusting entries at the end of the period

- Prepare an adjusted trial balance

- Prepare financial statements



What are the 4 Types of financial statements? - ANSWER: - The income statement

- The balance sheet

- The statement of equity

- The statement of cash flow



What are the 4 types of accounting adjustments? - ANSWER: - Deferrals

- Accruals

- Missing Transactions

- Tax Adjustments



What tasks would a bookkeeper do? - ANSWER: - Handle bank feeds and
reconciles bank accounts, managing accounts receivable/payable, and record
financial transactions