Explanation of the Topic...Bookkeeping
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| Part 1 |
Introduction to Bookkeeping,
How Bookkeeping Has Changed,
Debits and Credits, Debits on the Left, Credits on the Right, Chart of Accounts, Financial Statements |
| Part 2 | Bookkeeping Test |
We concluded that a bookkeeping test would be helpful to employers who wish to test prospective employees' bookkeeping skills. As a result, we prepared a bookkeeping test containing 175 questions and answers.
These 175 questions can serve as a bookkeeping test bank from which employers can select questions that will be appropriate for the skills needed. Individuals can use the bookkeeping test to identify their strengths and weaknesses in order to improve their skills.
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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:
| 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 $_______. |
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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 the topic of bookkeeping, there are many complexities not presented. You should always consult with an accounting professional for assistance with your own specific circumstances.
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Where Do I Go Next?
![]() | Interactive Drills for Bookkeeping |
![]() | Crossword Puzzles for Bookkeeping |
![]() | Word Puzzles for Bookkeeping |
