100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
INTUIT BOOKKEEPING EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 150 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) $22.99   Add to cart

Exam (elaborations)

INTUIT BOOKKEEPING EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 150 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)

1 review
 7 views  4 purchases
  • Course
  • Intuit
  • Institution
  • Intuit

INTUIT BOOKKEEPING EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 150 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)

Preview 2 out of 12  pages

  • October 16, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Intuit
  • Intuit

1  review

review-writer-avatar

By: Cucurella • 3 weeks ago

avatar-seller
ProLabs
10/16/24, 6:20 PM INTUIT BOOKKEEPING EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 150 QUESTIONS AND CORRECT DETAILED ANS…




INTUIT BOOKKEEPING EXAM NEWEST 2024
ACTUAL EXAM COMPLETE 150 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS)


Terms in this set (105)


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.

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


https://quizlet.com/958142209/intuit-bookkeeping-exam-newest-2024-actual-exam-complete-150-questions-and-correct-detailed-answers-verified-an… 1/12

, 10/16/24, 6:20 PM INTUIT BOOKKEEPING EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 150 QUESTIONS AND CORRECT DETAILED ANS…

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

Removing transactions Deferral
that belong to a different
period

Opposite of deferral. Accruals
Concern future payments
or expenses

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



https://quizlet.com/958142209/intuit-bookkeeping-exam-newest-2024-actual-exam-complete-150-questions-and-correct-detailed-answers-verified-an… 2/12

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 ProLabs. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $22.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67474 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
$22.99  4x  sold
  • (1)
  Add to cart