NOTE: For multiple-choice and true/false questions, simply place your cursor over what you think is the correct answer. (There is no need to click the answer.) For fill-in-the-blank questions place your cursor over the _________.
If you have difficulty answering the following questions, learn more about this topic by reading our Bookkeeping Explanation.
We also have Crosswords and Q&A for this topic.
Recommended Bookkeeping Practice
Take our 300-question bookkeeping proficiency exam. Answers are included.
||In a manual bookkeeping system, transactions are first recorded in a __________.
||A journal _________ includes the date, accounts, and amounts.
||In a manual bookkeeping system, each amount in a journal is posted to an _____________.
||A company's ___________ ledger contains all of the accounts such as Rent Expense, Supplies, and Interest Payable.
||An internal document that is prepared to prove that the total of all the debit balances is equal to the total of all the credit balances is a _________ ___________.
||Historically, the final step of the _______________'s responsibilities was to prepare a trial balance.
||Accounting _____________ has made the recording of transactions much more efficient.
||Accounting software has eliminated many of the math and recording ________ that were common with a manual system.
||Because at least two accounts are involved in every transaction, the bookkeeping system is referred to as _________ entry bookkeeping.
||A _________ entry is entered on the left side of an account.
||A _________ entry is entered on the right side of an account.
||A typical entry in the account Wages Expense will be a
||A typical entry in the account Sales will be a
||A debit will cause the balance in a liability account to
||When a check is written, the company's Cash account should be
||When cash is received, the company's Cash account should be
||Invoices from vendors (suppliers) which are due in 30 days should be credited to Accounts ___________
||The __________ of accounts is a listing of the general ledger accounts in which amounts can be posted.
||Historically, the financial statements have been prepared by an ______________.
You can learn more about the role of bookkeepers by visiting our Accounting Careers area.