Basic bookkeeping - Study guides, Class notes & Summaries

INTUIT ACADEMY BOOKKEEPING, PROFESSIONAL CERTIFICATE BASIC BOOKKEEPING QUESTIONS AND ANSWERS

Basic Bookkeeping

BASIC BOOKKEEPING PRACTICE EXAM QUESTIONS WITH COMPLETE SOLUTIONS A listing of a company's accounts with left and right columns for their debit and credit balances so totals can be taken to check that debits equal credits is called a _____. - ANSWER-Trial Balance A company makes a principal payment on a loan it has with the bank. This transaction will cause assets to _____ (choose increase or decrease) and liabilities to _____ (choose increase or decrease). - ANSWER-decrease; decrease ...

Medical Assisting Administrative & Clinical Competencies (MindTap Course List) 9th Edition 1 | P a g e TEST BANK FOR Medical Assisting Administrative & Clinical Competencies (MindTap Course List) 9thEdition Chapter 1 1. Medical assisting is probably right for you if you: a. like to work alone, completing tasks independently. b. are more comfortable completing a consistent task daily. c. do not like variety in your job. d. are interested in a career in an expanding field. ANSWER: d PO...

Basic Bookkeeping - Level 1 F I N A L EX A M V4.0 CU09-10-OCT09This examination has two parts: the Practical Exam and the Online Exam. The total marks available for the Final Exam is 100. Good luck! Part 1 – Practical Exam Please complete the Practical Exam questions by showing your entries in the appropriate Journals, Ledgers, and Trial Balance on the Practical Exam Answer Sheets provided. The Practical Exam must be completed before beginning the Online Exam. There are a total ...

Solution Manual for Accounting Principles 14th Edition by Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell | All Chapters Complete 2024. State the accounting equation, and define its components. 4. Analyze the effects of business transactions on the accounting equation. 5. Describe the four financial statements and how they are prepared. *6. Explain the career opportunities in accounting. *Note: All asterisked Questions, Brief Exercises, Exercises, and Problems relate to materiacontaine...

J Company has $350,000 in assets and $150,000 in liabilities. How much is equity? - ANSWER-$200,000 A business owner pays $25,000 for a vehicle to use in the business. This transaction increases _____ (choose asset, liability, or equity) and decreases _____ (choose asset, liability, or equity). - ANSWER-an asset (vehicle); an asset (cash) True or false-If a business uses a journal to record transactions, they do not need to use a general ledger. - ANSWER-False. (Journal is used for finding...

BBK99E1 Practical Final Exam Answer Sheet 2024/2025 Verified 100%;The Open University Basic Bookkeeping – Level 1 F I N A L E X A M The Online Exam is made up of 50 multiple choice and/or True or False questions. Each question is worth 2 marks. Of the 50 questions, 30 are directly related to the information you will enter on the Answer Sheets during the Practical portion of the Final Exam.

WGU D196- Principles of Financial and Managerial Accounting COMPLETE EXAM REVIEW 2023 COURSE REQUIREMENT bookkeeping - day to day keeping of transcations steps of decision making - identify issue gather information identify alternatives select option that most likely results in desired objective accounting - analysis of events record and report financial effects of business activities where does capital come from (3) - investors creditors(lenders) business itself (from earnings...

Basic Bookkeeping Which of the following accounts is an asset account? - Answer- cash, inventory, accounts receivable, all of the listed answers are correct Economic events that affect the financial position of a business are called> - Answer- Transactions Paying an amount owed to a supplier? - Answer- Decreases assets and decreases liabilities A debit to which of the listed accounts increases the account's balance? - Answer- Assets Owner's Draw Expense Which of the followi...