Bookkeeper Aptitude Test

Cost of Goods = Beginning Inventory + Purchases - _________________________  

Income – Expenses = _______________________  

Assets = _______________________ + Equity

Your January 31 Bank Statement reads: Item Date Amount Open Balance 31-Dec  $  547.43       Deposit 4-Jan  $  100.00 Deposit 15-Jan  $  350.00       Check 1003 2-Jan  $    50.13 Check 1006 7-Jan  $    10.09 Check 1007 19-Jan  $  250.00 Check 1008 26-Jan  $  101.19       Monthly Service Charge 31-Jan  $       5.00       Ending Balance 31-Jan  $  581.02 Your check register has the following information: Date Item Amount 4-Jan Deposit  $  100.00 31-Dec 1003  $    50.13 5-Jan 1004  $    25.00 5-Jan 1005  $    27.93 5-Jan 1006  $    10.09 15-Jan Deposit  $  350.00 16-Jan 1007  $  250.00 24-Jan 1008  $  101.19 31-Jan Deposit  $  212.89 What is your bank statement reconciled balance at January 31?   

Add these numbers together. What is the total?   46.01 28.83 67.02 50.84 44.09 21.9 0.52 300 43.76 28 3007.07 294.34 84.59 4131.21 0.17 37.1 44.56 6.52 10.21 140.94

Which of the following accounts are normally classified as a debit:

True or False?  This is an accurate journal entry for the following transaction: A $37.00 check from a customer is returned non-sufficient funds.  Debit – Accounts Receivable or Returned Checks Receivable - $ 37.00  Credit – Checking - $ 37.00

True or False?  This is an accurate journal entry for the following transaction: A purchase of a desk and office chair for $450.00.  Credit  – Fixed Assets - $450.00  Debit – Checking - $450.00

True or False?  This is an accurate journal entry for the following transaction: A taxable charge sale of $ 195.00 plus $ 7.69 sales tax.     Debit – Accounts Receivable - $202.69   Credit - Sales Tax Payable - $7.69   Credit - Income - $195.00

True or False?  This is an accurate journal entry for the following transaction: A customer makes a payment on their account for $250.00  Debit – Income - $250.00  Credit – Accounts Payable - $250.00