BOOKKEEPING ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED A+
◉ 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 premiums that have not yet expired is
reported as an ______________. Answer: Assets
◉ Adjusting entries are recorded in the ______________ journal.
Answer: General
◉ The bank statement has an ending balance of $1,700. There are $600
of deposits in transit
and $2,100 of checks outstanding. The adjusted balance per the bank
statement is $______________. Answer: $200.00
QUESTIONS WITH ANSWERS GRADED A+
◉ 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 premiums that have not yet expired is
reported as an ______________. Answer: Assets
◉ Adjusting entries are recorded in the ______________ journal.
Answer: General
◉ The bank statement has an ending balance of $1,700. There are $600
of deposits in transit
and $2,100 of checks outstanding. The adjusted balance per the bank
statement is $______________. Answer: $200.00
