Bookkeeping test guide - Study guides, Class notes & Summaries

BOOKKEEPING TEST GUIDE

A listing of the account numbers and titles but without account balances is the ______________ of accounts. - ANSWER-Chart Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and ______________ order should be compared. - ANSWER-Purchases The report that sorts a company's accounts receivables into current, 1-30 days past due, 31-60 days past due, etc. is referred to as the ______________ of accounts receivable. - ANSWER-Aging The amount of insurance premi...

Accounting - ANSWER-The recording, measurement and interpretation of financial information Bookkeeping - ANSWER-Typically limited to the routine, day-to-day recording of business transactions Difference between accounting and bookkeeping - ANSWER-Bookkeeping is responsible for obtaining and recording the information that accountants require to analyze a firm's financial position required credentials in public accounting - ANSWER-Work with a range of clients to prepare financials docume...

Intuit Bookkeeping Professional Certificate TEST AND STUDY GUIDE NEWEST EXAM 2024 WITH QUESTIONS AND DETAILED ANSWERS GRADED A

Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............

At which level of Bloom's Taxonomy does the following question test a student? "Which of the following regulates advertising and pricing practices to protect consumers? A) Generally Accepted Accounting Principles B) North American Free Trade Agreement C) Food and Drug Administration D) Federal Trade Commission E) Children's Online Privacy Protection Act" - correct answer Knowledge At which level of Bloom's Taxonomy does the following question test a student? "True or False: Acc...

DIT Question and answers correctly solved 2024 DIT-Bookkeeping Exam Study guide, 6 Ledger accounting and double entry bookkeeping When should a company adjust its inventory balance? - correct answer When the physical count does not match inventory balance on the books. What is FICA - correct answer It is a combination of Social Security, and Medicare taxes What test displays previous financials in side-by-side columns, enabling investors to identify trends, track a company's pro...

BOOKKEEPING STUDY GUIDE TEST QUESTIONS WITH COMPLETE ANSWERS

Test Bank For Accounting Principles 14th Edition by Jerry J. Weygandt, Paul D. Kimmel||ISBN NO:8791119707110||All Chapters||Complete Guide A+ CHAPTER 1 ACCOUNTING IN ACTION CHAPTER LEARNING OBJECTIVES 1. Identify the activities and users associated with accounting. Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. The major users and uses of accounting are as follows: (a) Management uses accounting in...

QuickBooks Desktop Test 2 Training questions and answers with rated solutions You've completed the setup of a QuickBooks company file, but during the company setup, you spelled the company's name wrong. How do you fix it now? Select Company: My Company from the menu and click the pencil icon. To be as safe a possible, where should you NOT save a backup company file? Your computer's hard drive When you restore a backup company file, what happens? QuickBooks creates a new work...