Bookkeeping Test - Free Practice Test

Q1. 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

Balance sheet

Trial balance

Income statement

Q2. Where are transactions first recorded in manual bookkeeping system?

Cash book

Journal

Ledger

All of the above

Q3. What contains all the accounts information including expenses, supplies, rent, and interest to be paid?

All of the above

Sales ledger

General ledger

Purchase ledger

Q4. Where is the amount in a journal of a manual bookkeeping system posted

Reports

Accounts

Ledger

Loss and profit

Q5. Which part of the journal includes accounts amounts as well as the dates of transactions?

Entry

Voucher

Book

Number

Q6. What is bookkeeping known as when every transaction involves two accounts?

Quadruple entry bookkeeping

Triple entry bookkeeping

Single entry bookkeeping

Double entry bookkeeping

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

Credit entry

Journal entry

Double entry

Debit entry

Q8. Whose responsibility is it to prepare a trial balance?

Cashier

Bookkeeper

Auditor

Accountant

Q9. How does debit affect the balance in any liability account?

It accumulates the amount

It decreases the amount

There is no difference seen.

It increases the amount

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

Credit entry

Double entry

Debit entry

Journal entry

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