Bookkeeping

Our Bookkeeping Test contains 175 questions to allow you to check your knowledge. Answers are provided at the end of the test. The questions will test your understanding of debits and credits, accounts used when recording transactions, basic accounting terminology used on financial statements, calculations of interest, and steps in reconciling the bank reconciliation. Sample questions are available below.

Use our Bookkeeping Test to review and improve your skills or to test the skill levels of others. All questions were prepared by a college instructor with 25 years of teaching and testing experience.

Bookkeeping Test Our bookkeeping test (PDF Format) has a total of 175 questions and answers. Click Here To Download

Here is a sampling of the types of questions that are included in the bookkeeping test:

Sample Questions

1.	The Land account is expected to have this type of balance.	Debit	Credit
2.	The Sales account will have this type of entries and balance.	Debit	Credit
3.	Accounts Payable will be increased with a credit.	True	False
4.	Inventory will be reported on the balance sheet at its selling price.	True	False
5.	The P&L refers to the income statement.	True	False

6.	The listing of accounts and their balances in order to verify that the debit balances are equal to the credit balances is the _______ balance.

7.	Sales minus the cost of goods sold is _______ profit.

8.	Which of the following accounts is not a liability?
Accounts Payable              Allowance for Doubtful Accounts              Customer Deposits

9.	Which of the following accounts will be reported on the balance sheet?
Bad Debt Expense              Petty Cash              Sales Returns and Allowances

10.	A promissory note has an annual interest rate of 12%. If the principal is $8,000, the amount of interest for one month is $_______.

Click Here To Download Bookkeeping Test Our bookkeeping test (PDF Format) has a total of 175 questions and answers.

Because the material covered here is considered an introduction to this topic, many complexities have been omitted. You should always consult with an accounting professional for assistance with your own specific circumstances.

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