AAMI ACCOUNTING ONE CERTIFICATION
TEST 2026 COMPLETE QUESTIONS AND
SOLUTIONS VERIFIED 100% CORRECT
● How do you decrease an asset account? - Credit
● How do you increase a liability account? - Credit
● How do you decrease a liability account? - debit
● How do you increase revenue? - Credit
● How do you increase expenses? - debit
● What is the accounting equation? - Assets=Liabilities+Owner's Equity
● Cash is a(n): - Asset
● Revenue is a(n): - Owner's Equity
, ● Accounts Receivable is a(n): - Asset
● Mortgage Payable is a(n): - Liability
● Accounts Payable is a(n): - Liability
● Office Equipment is a(n): - Asset
● Capital is a(n): - Owner's Equity
● Automotive Equipment is a(n): - Asset
● The book of original entry is - The Journal
● What account would you credit if you did a funeral and received cash?
- Revenue
● What account would you debit if you did a funeral for cash? - Cash
● What account would you credit if you did a funeral and did not receive
the funds from the family but are owed on account? - Revenue
TEST 2026 COMPLETE QUESTIONS AND
SOLUTIONS VERIFIED 100% CORRECT
● How do you decrease an asset account? - Credit
● How do you increase a liability account? - Credit
● How do you decrease a liability account? - debit
● How do you increase revenue? - Credit
● How do you increase expenses? - debit
● What is the accounting equation? - Assets=Liabilities+Owner's Equity
● Cash is a(n): - Asset
● Revenue is a(n): - Owner's Equity
, ● Accounts Receivable is a(n): - Asset
● Mortgage Payable is a(n): - Liability
● Accounts Payable is a(n): - Liability
● Office Equipment is a(n): - Asset
● Capital is a(n): - Owner's Equity
● Automotive Equipment is a(n): - Asset
● The book of original entry is - The Journal
● What account would you credit if you did a funeral and received cash?
- Revenue
● What account would you debit if you did a funeral for cash? - Cash
● What account would you credit if you did a funeral and did not receive
the funds from the family but are owed on account? - Revenue
