100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
INTUIT BOOKKEEPING EXAM|| ACTUAL EXAM ALL QUESTIONS AND 100% CORRECT ANSWERS ALREADY GRADED A+|| LATEST AND COMPLETE VERSION 2024 WITH VERIFIED SOLUTIONS|| ASSURED PASS!! $29.49   Add to cart

Exam (elaborations)

INTUIT BOOKKEEPING EXAM|| ACTUAL EXAM ALL QUESTIONS AND 100% CORRECT ANSWERS ALREADY GRADED A+|| LATEST AND COMPLETE VERSION 2024 WITH VERIFIED SOLUTIONS|| ASSURED PASS!!

 5 views  0 purchase
  • Course
  • INTUIT BOOKKEEPING
  • Institution
  • INTUIT BOOKKEEPING

INTUIT BOOKKEEPING EXAM|| ACTUAL EXAM ALL QUESTIONS AND 100% CORRECT ANSWERS ALREADY GRADED A+|| LATEST AND COMPLETE VERSION 2024 WITH VERIFIED SOLUTIONS|| ASSURED PASS!!

Preview 2 out of 12  pages

  • October 16, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • intuit bookkeeping
  • INTUIT BOOKKEEPING
  • INTUIT BOOKKEEPING
avatar-seller
NURSELINCON
1|Page



INTUIT BOOKKEEPING EXAM|| ACTUAL
EXAM ALL QUESTIONS AND 100% CORRECT
ANSWERS ALREADY GRADED A+|| LATEST
AND COMPLETE VERSION 2024 WITH
VERIFIED SOLUTIONS|| ASSURED PASS!!
Four Key Elements of Bookkeeping Ethics - ANSWER: Honesty, Objectivity,
Confidentiality and Professionalism


What is DEALER - ANSWER: Dividends + Expenses + Assets = Liabilities +
Owner's Equity (beginning) + Revenue


What's is the accounting Equation? - ANSWER: Assets = Liabilities + Equity


Profit and Loss statement. Shows the company's revenues and expenses during a
particular period - ANSWER: The Income Statement


A financial statement that reports a company's assets, liabilities, and equity at a
specific point in time - ANSWER: The Balance Sheet


Reports the changes in company equity, from the opening balance to the end of the
period balance. - ANSWER: The Statement of Equity


Reports the sources and uses of cash by a business - ANSWER: The Statement of
Cash Flow


Accounting Cycle - ANSWER: 1. Analyze and record transactions
2. Post transactions to ledger

, 2|Page


3. Prepare an unadjusted trial balance
4. Prepare adjusted entries at the end of the period
5. Prepare adjusted trial balance
6. Prepare financial statements


If customers pays at the time of sale you must enter it as a - ANSWER: Sales
Receipt


If customers does not pay at the time of sale you must enter it as a - ANSWER:
Invoice


Once and customer has paid an invoice it goes to - ANSWER: Receive payment


Receive payment and sales receipt are followed by - ANSWER: Bank deposit


Step 4 of The Accounting Cycle: Preparing adjusted entries includes - ANSWER:
Deferrals, Accruals, Missing Transactions, and Tax Adjustments


Removing transactions that belong to a different period - ANSWER: Deferral


Opposite of deferral. Concern future payments or expenses - ANSWER: Accruals


The Business is a separate entity, so the activities of a business must be kept
separate from any other financial activities of its business owners - ANSWER:
Economic Entity Assumption

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NURSELINCON. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $29.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$29.49
  • (0)
  Add to cart