11/6/24, 11:45 AM INTUIT ACADEMY BOOKKEEPING CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS …
INTUIT ACADEMY BOOKKEEPING
CERTIFICATION EXAM 2024 ACTUAL EXAM
COMPLETE ACCURATE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Terms in this set (106)
Four Key Elements of Honesty, Objectivity, Confidentiality and
Bookkeeping Ethics Professionalism
Dividends + Expenses + Assets = Liabilities + Owner's
What is DEALER
Equity (beginning) + Revenue
What's is the accounting Assets = Liabilities + Equity
Equation?
Profit and Loss statement. The Income Statement
Shows the company's
revenues and expenses
during a particular period
A financial statement that The Balance Sheet
reports a company's
assets, liabilities, and
equity at a specific point in
time
Reports the changes in The Statement of Equity
company equity, from the
opening balance to the
end of the period balance.
https://quizlet.com/967520619/intuit-academy-bookkeeping-certification-exam-2024-actual-exam-complete-accurate-exam-questions-with-detailed-ve… 1/13
, 11/6/24, 11:45 AM INTUIT ACADEMY BOOKKEEPING CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS …
Reports the sources and The Statement of Cash Flow
uses of cash by a business
1. Analyze and record transactions
2. Post transactions to ledger
3. Prepare an unadjusted trial balance
Accounting Cycle
4. Prepare adjusted entries at the end of the period
5. Prepare adjusted trial balance
6. Prepare financial statements
If customers pays at the Sales Receipt
time of sale you must
enter it as a
If customers does not pay Invoice
at the time of sale you
must enter it as a
Once and customer has Receive payment
paid an invoice it goes to
Receive payment and Bank deposit
sales receipt are followed
by
Step 4 of The Accounting Deferrals, Accruals, Missing Transactions, and Tax
Cycle: Preparing adjusted Adjustments
entries includes
An entry to record a Deferral
current payment or
expense at a
later period when the
money has actually been
earned or
incurred. Deferral entries
remove transactions that
belong to a different time
period.
https://quizlet.com/967520619/intuit-academy-bookkeeping-certification-exam-2024-actual-exam-complete-accurate-exam-questions-with-detailed-ve… 2/13
INTUIT ACADEMY BOOKKEEPING
CERTIFICATION EXAM 2024 ACTUAL EXAM
COMPLETE ACCURATE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Terms in this set (106)
Four Key Elements of Honesty, Objectivity, Confidentiality and
Bookkeeping Ethics Professionalism
Dividends + Expenses + Assets = Liabilities + Owner's
What is DEALER
Equity (beginning) + Revenue
What's is the accounting Assets = Liabilities + Equity
Equation?
Profit and Loss statement. The Income Statement
Shows the company's
revenues and expenses
during a particular period
A financial statement that The Balance Sheet
reports a company's
assets, liabilities, and
equity at a specific point in
time
Reports the changes in The Statement of Equity
company equity, from the
opening balance to the
end of the period balance.
https://quizlet.com/967520619/intuit-academy-bookkeeping-certification-exam-2024-actual-exam-complete-accurate-exam-questions-with-detailed-ve… 1/13
, 11/6/24, 11:45 AM INTUIT ACADEMY BOOKKEEPING CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS …
Reports the sources and The Statement of Cash Flow
uses of cash by a business
1. Analyze and record transactions
2. Post transactions to ledger
3. Prepare an unadjusted trial balance
Accounting Cycle
4. Prepare adjusted entries at the end of the period
5. Prepare adjusted trial balance
6. Prepare financial statements
If customers pays at the Sales Receipt
time of sale you must
enter it as a
If customers does not pay Invoice
at the time of sale you
must enter it as a
Once and customer has Receive payment
paid an invoice it goes to
Receive payment and Bank deposit
sales receipt are followed
by
Step 4 of The Accounting Deferrals, Accruals, Missing Transactions, and Tax
Cycle: Preparing adjusted Adjustments
entries includes
An entry to record a Deferral
current payment or
expense at a
later period when the
money has actually been
earned or
incurred. Deferral entries
remove transactions that
belong to a different time
period.
https://quizlet.com/967520619/intuit-academy-bookkeeping-certification-exam-2024-actual-exam-complete-accurate-exam-questions-with-detailed-ve… 2/13
