Bookkeeping Test - Free Practice Test

Q1. Which entry is entered on the right side of any account?

Double entry
Credit entry
Journal entry
Debit entry

Q2. What is an internal document which is used as evidence to show that the total of all the balances in debt is equal to the amount of all the credit balances called?

None of the above
Trial balance
Balance sheet
Income statement

Q3. How does debit affect the balance in any liability account?

It accumulates the amount
It increases the amount
There is no difference seen.
It decreases the amount

Q4. What is bookkeeping known as when every transaction involves two accounts?

Quadruple entry bookkeeping
Double entry bookkeeping
Single entry bookkeeping
Triple entry bookkeeping

Q5. Whose responsibility is it to prepare a trial balance?

Auditor
Accountant
Cashier
Bookkeeper

Q6. Where are transactions first recorded in manual bookkeeping system?

Cash book
Journal
All of the above
Ledger

Q7. What contains all the accounts information including expenses, supplies, rent, and interest to be paid?

General ledger
Purchase ledger
All of the above
Sales ledger

Q8. Which part of the journal includes accounts amounts as well as the dates of transactions?

Entry
Book
Number
Voucher

Q9. Where is the amount in a journal of a manual bookkeeping system posted

Ledger
Accounts
Loss and profit
Reports

Q10. Which entry is entered on the left side of any account?

Double entry
Journal entry
Credit entry
Debit entry

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