AAMI ACCOUNTING CERTIFICATION EVALUATION 2026 STUDY GUIDE QUESTIONS AND ANSWERS

AAMI ACCOUNTING CERTIFICATION
EVALUATION 2026 STUDY GUIDE
QUESTIONS AND ANSWERS

◉ Balance Sheet
Answer: itemized list of assets, liabilities, and owners equity,
showing financial position of a business on a certain date.


◉ Business Transaction
Answer: business activities involving the exchange of one item of
value for another.


◉ Accounts Receivable
Answer: amounts customers have promised to pay in the future for
services or goods bought on credit.


◉ Assets
Answer: which category does Cash go in?


◉ Assets
Answer: which category does Accounts Receivable go in?

, ◉ Assets
Answer: which category does Furniture and Office Equipment go in?


◉ Assets
Answer: which category does buildings go in?


◉ Assets
Answer: which category does Automobiles go in?


◉ Assets
Answer: which category does Machinery go in?


◉ Liabilities
Answer: which category does Accounts Payable go in?


◉ Liabilities
Answer: which category does Mortgage payable go in?


◉ Liabilities
Answer: which category does Sales Tax Payable go in?


◉ Capital