Intuit Academy Bookkeeping Professional Certificate: Bookkeeping Basics ACTUAL Exam Questions and CORRECT Answers
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Course
Bookkeeping
Institution
Bookkeeping
Intuit Academy Bookkeeping Professional
Certificate: Bookkeeping Basics ACTUAL
Exam Questions and CORRECT Answers
The Accounting Principle - CORRECT ANSWER - You can't mix business and personal
assets or expenses.
Accounting Equation - CORRECT ANSWER - Assets = Liabilities + Owner's Equity
...
Intuit Academy Bookkeeping Professional
Certificate: Bookkeeping Basics ACTUAL
Exam Questions and CORRECT Answers
The Accounting Principle - CORRECT ANSWER - You can't mix business and personal
assets or expenses.
The Five Account Types - CORRECT ANSWER - Assets, Liabilities, Equity, Revenue,
Expenses
Normal balance of the five account types - CORRECT ANSWER - Assets- Normal Dr
balance
Expenses- Normal Dr balance
Dividends- Normal Dr balance
Equity- Normal Cr balance
Revenue- Normal Cr balance
General Journal - CORRECT ANSWER - A list of transactions organized chronologically
Posting to the Ledger - CORRECT ANSWER - transfer transactions entered in the journal
to the general ledger and categorize transactions by account
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