Bookk Study guides, Class notes & Summaries
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AAT Level 2 - Bookkeeping Transactions Questions and Answers 100% Pass
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AAT Level 2 - Bookkeeping Transactions 
Questions and Answers 100% Pass 
 
What is the purpose of a sales invoice? 
 A sales invoice documents the sale of goods or services, detailing the amount owed by the 
customer. 
 
How are purchases recorded in bookkeeping? 
 Purchases are recorded as debits in the purchases account and credits in the accounts 
payable account. 
 
What is the function of a petty cash book? 
 A petty cash book tracks small, everyday expenses paid in cash, helping to manage ...
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BBK99E2 Basic Bookkeeping Level 2 Appendix complete document 2024-2025
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BBK99E2 Basic Bookkeeping Level 2 Appendix complete document
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Bookkeeping Final Exam review with Complete Solutions
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Bookkeeping Final Exam review with 
 
Complete Solutions 
 
What is the purpose of maintaining a fixed asset register? 
 A fixed asset register tracks details about a company's long-term assets, including their 
purchase price, depreciation, and current value, helping manage and account for these assets 
effectively. 
 
How should a company record the receipt of a loan? 
 When a company receives a loan, it debits the cash account to increase its balance and 
credits the loans payable account to...
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Bookkeeping Basics Questions with Certified Solutions
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Bookkeeping Basics Questions with 
 
Certified Solutions 
 
What is a cash disbursement journal used for? 
 A cash disbursement journal records all payments made in cash, including payments to 
suppliers, employees, and other expenses. 
 
How do you handle unrecorded transactions? 
 Unrecorded transactions are identified and entered into the journal and ledger to ensure all 
financial activities are accurately reflected in the records. 
 
What is the purpose of a purchase journal? 
 A purchase j...
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Bookkeeper Practice Test with Complete Solutions
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Bookkeeper Practice Test with Complete 
 
Solutions 
 
What is the main purpose of a general journal? 
 The main purpose of a general journal is to record all types of transactions in chronological 
order before they are posted to individual ledger accounts. 
 
What does "depreciation" refer to in bookkeeping? 
 Depreciation refers to the gradual reduction in the value of a fixed asset over time due to 
wear and tear or obsolescence. 
 
How is an expense invoice typically handled in bookkeepin...
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Bookkeeping for Small Business Exam Questions and Answers
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Bookkeeping for Small Business Exam Questions and Answers
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Professional Bookkeeping with QuickBooks Online Questions with complete solution 2024
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Professional Bookkeeping with QuickBooks Online Questions with complete solution 2024 Professional Bookkeeping with QuickBooks Online, Bookkeeping Certification Course, AAT LEVEL 2 INTRO TO BOOKKEEPING 
 
Keeping track of the business transactions of your employer or clients - correct answer What is the primary role of a bookkeeper? 
 
Set compensation for employees - correct answer The key duties of a bookkeeper? 
 
You usually have a great opportunity to gain breadth of experience as a boo...
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Bookkeeping Question and answers already passed 2024
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Bookkeeping Question and answers already passed 2024 Bookkeeping-Accounting, Bookkeeping Vocabulary, Bookkeeping - Lesson 1, Recording Business Transactions, Advanced Bookkeeping 
 
Accounting - correct answer The process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated to owners, managers, and other interested parties. 
 
Accounting Standards Codification - correct answer The source of authoritative U.S. GAAP 
 
Accounting S...
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Bookkeeping Test Question and answers already passed 2024
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Bookkeeping Test Question and answers already passed 2024 Bookkeeping Test, Ch. 15: Bookkeeping, Bookkeeping Certification, Bookkeeping/Accounting Terms 
 
A listing of the account numbers and titles but without account balances is the ______________ of accounts. - correct answer Chart 
 
Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and ______________ order should be compared. - correct answer Purchases
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Bookkeeping Terms Question and answers already passed 2024
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Bookkeeping Terms Question and answers already passed 2024 Bookkeeping Terms, Accountancy, Coursera Intro to accounting (bookkeeping, Bookkeeping Ch 1-6 
 
Journal - correct answer Record of financial transaction from original documents ( checks, receipts, invoices) 
 
Chart of accounts - correct answer Acts like folders where specific transactions are placed 
 
Assets - correct answer anything of value owned by a business 
 
Liabilities - correct answer amounts owed by the business 
 
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