Bookkeeping Test - Free Practice Test

Q1. What contains all the accounts information including expenses, supplies, rent, and interest to be paid?

All of the above
General ledger
Purchase ledger
Sales ledger

Q2. Where is the amount in a journal of a manual bookkeeping system posted

Reports
Ledger
Loss and profit
Accounts

Q3. Whose responsibility is it to prepare a trial balance?

Auditor
Bookkeeper
Accountant
Cashier

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

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

Q5. Where are transactions first recorded in manual bookkeeping system?

Journal
Cash book
Ledger
All of the above

Q6. Which entry is entered on the right side of any account?

Double entry
Debit entry
Credit entry
Journal entry

Q7. Which part of the journal includes accounts amounts as well as the dates of transactions?

Entry
Book
Voucher
Number

Q8. Which entry is entered on the left side of any account?

Debit entry
Credit entry
Journal entry
Double entry

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

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

Your Score

- of - questions are answered correctly

Financial Accounting using Tally

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