Bookkeeping Skills Test - Level 2

7 Questions

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Bookkeeping Quizzes & Trivia

Welcome to Bookkeeping Skills Test - Level 2. If you can achieve 90% or better - then you have an intermediate level of bookkeeping understanding.


Questions and Answers
  • 1. 
    Recording in the general journal is for:
    • A. 

      Vendor and sales invoices

    • B. 

      Customer and vendor payments

    • C. 

      All of the above

    • D. 

      None of the above

  • 2. 
    Transactions posted to the general ledger:
    • A. 

      Are taken from the general journal

    • B. 

      Are taken from the trial balance

    • C. 

      Are taken from the balance sheet

    • D. 

      Are taken from the income statement

  • 3. 
    A debit to an asset account will:
    • A. 

      Decrease the asset account

    • B. 

      Have no effect on the asset account

    • C. 

      Increase the asset account

  • 4. 
    A credit to an expense account will:
    • A. 

      Decrease the expense account

    • B. 

      Increase the expense account

    • C. 

      May increase or decrease the expense account

  • 5. 
    Liabilities are increased with:
    • A. 

      A debit to the account

    • B. 

      A credit to the account

    • C. 

      Neither a debit or credit to the account

  • 6. 
    Bank reconciliations are required to:
    • A. 

      Account for errors in the bookkeeping

    • B. 

      Match the bookkeeping records to the bank statement

    • C. 

      Find the errors that banks make

  • 7. 
    If there are differences between the company books and the bank statement:
    • A. 

      The bank is notified immediately

    • B. 

      Entries are made to balance the bookkeeping discrepancies

    • C. 

      The differences are left unchanged