Bookkeeping

If you have difficulty answering the following questions, learn more about this topic by reading our Explanation of Bookkeeping.

Bookkeeping Exam
Our bookkeeping exam (PDF Format) has a total of 300 questions and answers.

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NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".

	Word Clue	Scrambled Answer	Unscrambled Answer
1.	These are entered on the left side of an account.	STDIBE	DEBITS
2.	These are entered on the right side of an account.	RTDSCEI	CREDITS
3.	These accounts will normally have a credit balance.	IELATISILIB	LIABILITIES
4.	These accounts will normally have debit balances.	TSESAS	ASSETS
5.	Assets = Liabilities + Owner's _________.	TUQEYI	EQUITY
6.	Sales are an example of these.	EENESVUR	REVENUES
7.	The credit amount in the depreciation entry is recorded in ______________ Depreciation.	DTUCAMALCUE	ACCUMULATED
8.	The accounts are contained in the general ___________.	DLRGEE	LEDGER
9.	Entries for depreciation are first written in the general ___________.	NORLAJU	JOURNAL
10.	These will reduce the amount of owner's equity.	NXSEEEPS	EXPENSES
11.	A listing of the balances of all accounts is a trial _________.	CALBEAN	BALANCE
12.	An income statement reports revenues and expenses for a specified ________ of time.	DORIPE	PERIOD
13.	A = L + OE is the accounting __________.	UINAQETO	EQUATION
14.	Under _________-entry accounting a transaction affects a minimum of two accounts.	UDELOB	DOUBLE
15.	Withdrawals made by the owner of a sole proprietorship are recorded in the owner's ___________ account.	IWRGDAN	DRAWING
16.	Expenses normally have _________ balances.	TDIBE	DEBIT
17.	A _______ to most asset accounts will reduce the balances in those accounts.	DRICET	CREDIT
18.	__________ accounts will likely have credit balances.	EURNEEV	REVENUE
19.	Bona fide invoices from suppliers that are due in 30 days should be reported in Accounts ________.	YABEALP	PAYABLE
20.	The ________ of accounts receivable sorts the customers' balances according to the dates of the sales invoices.	GINGA	AGING

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