100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Bookkeeping Certification Practice Test Exam Questions With Solutions 100% Correct $14.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. ASB BOOKKEEPING
  4.  
  5. ASB BOOKKEEPING

Exam (elaborations)

Bookkeeping Certification Practice Test Exam Questions With Solutions 100% Correct
 1 view  0 purchase
  • Course
  • ASB BOOKKEEPING
  • Institution
  • ASB BOOKKEEPING

Bookkeeping Certification Practice Test Exam Questions With Solutions 100% Correct Springville Distributors made sales using a list prie of $880 and a trade discount of 30%. What amount should be recorded for the sale? A) $594 B) $216 C) $264 D) $616 D Laws passed by Congress in 1933 and 1...

[Show more]

Preview 2 out of 11  pages

Document information

  • September 15, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • bookkeeping certification practice test exam
  • questions with solutions 100 correct

Written for

  • ASB BOOKKEEPING
  • ASB BOOKKEEPING

Seller

avatar-seller
UpperClass

Reviews received

Content preview

Bookkeeping Certification Practice Test Exam
Questions With Solutions 100% Correct

Springville Distributors made sales using a list prie of $880 and a trade discount of 30%. What

amount should be recorded for the sale?

A) $594

B) $216

C) $264


D) $616 D




Laws passed by Congress in 1933 and 1934 gave the Securities and Exchange Commission

(SEC) final say on matters of financial reporting by publicly owned corporations.

A) True


B) False A




When equipment is purchased for cash,

A) one asset increases and another asset decreases

B) assets decrease and expenses increase

C) assets and owner's equity increase

, Bookkeeping Certification Practice Test Exam
Questions With Solutions 100% Correct
D) assets increase and liabilities decrease A




Tax planning is any activity associated with the preparation of tax returns and the audit of those

returns.

A) True


B) False B




The frequency of deposits of federal income taxes withheld and social security and Medicare

taxes is determined by the amount owed.

A) True


B) False A




Which of the following is not a reason why the book balance of cash may not agree with the

balance on the bank statement?

A) Outstanding checks

B) End of the month

C) Service charges and other deductions


D) Deposit in transit B

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller UpperClass. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81177 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.99
  • (0)
  Add to cart