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
Sales ledger
Purchase ledger

Q2. How does debit affect the balance in any liability account?

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

Q3. 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?

Trial balance
Income statement
Balance sheet
None of the above

Q4. Whose responsibility is it to prepare a trial balance?

Cashier
Auditor
Bookkeeper
Accountant

Q5. Where is the amount in a journal of a manual bookkeeping system posted

Loss and profit
Ledger
Reports
Accounts

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

Double entry
Journal entry
Credit entry
Debit entry

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

Voucher
Number
Entry
Book

Q8. Where are transactions first recorded in manual bookkeeping system?

Ledger
Journal
Cash book
All of the above

Q9. Which entry is entered on the left side of any account?

Debit entry
Double entry
Credit entry
Journal entry

Q10. What is bookkeeping known as when every transaction involves two accounts?

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

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