Bookkeeping Bundled Exam Questions and CORRECT Answers

Bookkeeping Class by Intuit UPDATED ACTUAL Exam Questions and CORRECT Answers Bookkeepers typically... - CORRECT ANSWER - Record financial transactions, reconcile bank accounts, manage accounts receivable, manage accounts payable, work with tax preparers and assist with tax compliance, and ...

Intuit Bookkeeping Exam UPDATED ACTUAL Exam Questions and CORRECT Answers Four Key Elements of Bookkeeping Ethics - CORRECT ANSWER - Honesty, Objectivity, Confidentiality and Professionalism What is DEALER - CORRECT ANSWER - Dividends + Expenses + Assets = Liabilities + Owner's Equity (...

Bookkeeping Chapter 3 UPDATED ACTUAL Exam Questions and CORRECT Answers With double-entry bookkeeping, all of the following are correct, except - CORRECT ANSWER - A credit may decrease a liability With respect to the role of a bookkeeper, tagging and monitoring fixed assets, issuing invoices...

Penn Foster: Bookkeeping UPDATED ACTUAL Exam Questions and CORRECT Answers Bookkeeper - CORRECT ANSWER - A person in charge of keeping the financial records of an organization. Service Business - CORRECT ANSWER - A business that performs a service in exchange for payment

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 Eq...

DIT-Bookkeeping Exam UPDATED ACTUAL Exam Questions and CORRECT Answers When should a company adjust its inventory balance? - CORRECT ANSWER - When the physical count does not match inventory balance on the books. What is FICA - CORRECT ANSWER - It is a combination of Social Security, and M...

Bookkeeping with Quickbooks UPDATED ACTUAL Exam Questions and CORRECT Answers you're ready to create a new company file. which of the following quickbooks features should you use? - CORRECT ANSWER - EasyStep interview ace just bought a new vehicle for the company. what account type should...

Bookkeeping Certification UPDATED ACTUAL Exam Questions and CORRECT Answers The review of financial statements to assess their fairness and adherence to GAAP is - CORRECT ANSWER - auditing An independent accountant who performs financial audits is a - CORRECT ANSWER - Certified Public Accoun...

Bookkeeping exam UPDATED ACTUAL Exam Questions and CORRECT Answers Superbill - CORRECT ANSWER - Also known as encounter form charge slip or multipurpose form this indicates services given b the patients name address account number insurance info and previous balance Patientn ledger - CORRECT...

Bookkeeping Ch 1-6 UPDATED ACTUAL Exam Questions and CORRECT Answers Bookkeeping - CORRECT ANSWER - the activity of recording business transactions Double-entry bookkeeping - CORRECT ANSWER - a system of recording and classifying business transactions that maintains the balance of the accounti...

Bookkeeping Certification Exam UPDATED ACTUAL Exam Questions and CORRECT Answers Accounting provides information for employees within a business but not for those outside of a business. T o F - CORRECT ANSWER - F Assets represent amounts owed to entities outside of the business. - CORRECT ...

Bookkeeping Certification Course UPDATED Exam Questions and CORRECT Answers A schedule that contains all accounts needed to prepare financial statements is known as: - CORRECT ANSWER - general ledger Reorganizing all the journal entries and grouping them by account is known as: - CORRECT ANS...

Bookkeeping Basics Part 10 UPDATED Exam Questions and CORRECT Answers Anything a business owns of value, or a resource of value, that has the potential to be transformed into cash. - CORRECT ANSWER - Asset The list of all of the accounts and sub-accounts used to categorize transactions. - CORR...

Bookkeeping Basics UPDATED Exam Questions and CORRECT Answers What is the first step in the accounting cycle? a) Preparing financial statements b) Making adjustments c) Posting transactions to the general ledger d) Reviewing source documents and analyzing transactions - CORRECT ANSWER - d) ...