Bookkeeping Test - Free Practice Test

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

Double entry
Debit entry
Credit entry
Journal entry

Q2. Which part of the journal includes accounts amounts as well as the dates of transactions?

Voucher
Entry
Number
Book

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

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

Q4. Where are transactions first recorded in manual bookkeeping system?

Ledger
Cash book
All of the above
Journal

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

Auditor
Accountant
Bookkeeper
Cashier

Q6. 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

Q7. Which entry is entered on the left side of any account?

Credit entry
Double entry
Debit entry
Journal entry

Q8. What is bookkeeping known as when every transaction involves two accounts?

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

Q9. 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

Q10. Where is the amount in a journal of a manual bookkeeping system posted

Ledger
Loss and profit
Reports
Accounts

Your Score

- of - questions are answered correctly

Financial Accounting using Tally

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