Bookkeeping basics exam - Study guides, Class notes & Summaries

The Accounting Principle - You can't mix business and personal assets or expenses. Accounting Equation - Assets = Liabilities + Owner's Equity or Assets - Liabilities = Owner's Equity Expanded Accounting Equation - Assets = Liabilities + Equity + Revenue - Expenses - Dividends The Five Account Types - Assets, Liabilities, Equity, Revenue, Expenses Normal balance of the five account types - Assets- Normal Dr balance Expenses- Normal Dr balance Dividends- Normal Dr balance Equity- Normal...

Bookkeeping basics Exam

Bookkeeping Basics Exam Questions and Answers

Intuit Academy Bookkeeping Professional Certificate Bookkeeping Basics

Intuit Academy Bookkeeping Professional Certificate: Bookkeeping Basics Exam Q’s and A’s(Intuit Academy Bookkeeping Professional Certificate)

Bookkeeping Basics Exam Questions and Answers

Intuit Bookkeeping Basics Exam Questions and Correct Answers

Intuit Academy Bookkeeping Professional Certificate: Bookkeeping Basics Questions Exam With Solutions 100% Correct The Accounting Principle You can't mix business and personal assets or expenses. Accounting Equation Assets = Liabilities + Owner's Equity or Assets - Liabilities = Owner's Equity Expanded Accounting Equation Assets = Liabilities + Equity + Revenue - Expenses - Dividends The Five Account Types Assets, Liabilities, Equity, Revenue, Expenses

Bookkeeping Basics Exam Questions With Solutions 100% Correct Accounting Principle #1 Economic Entity Assumption* The business and its financial transactions are separate from the owner's personal financial transactions. Accounting Principle #4 Cost Principle 1) Financial transactions are shown, forever, as the original and historical cost. 2) We do NOT adjust for inflation or the increase or decrease in the value of an item. Accounting Principle #7 Matching Principle* 1) forces u...

Bookkeeping Basics Exam Questions and Answers 100% Correct | Latest Update What does a bookkeeper typically do? - Bookkeepers have many responsibilities which include, record financial transactions, reconcile bank accounts and manage bank feeds, manage accounts receivable, work with tax preparers and assist with tax compliance, and generate financial statements. Honesty - As a bookkeeper, you must always act with integrity and honesty. This means: Reporting financial data in accurate a...