BOOKKEEPING FINAL EXAM PAPER 2026 QUESTIONS AND ANSWERS GRADED A+

BOOKKEEPING FINAL EXAM PAPER 2026
QUESTIONS AND ANSWERS GRADED A+

◉ __________-entry bookkeeping means that every transaction will
affect two or more accounts. Answer: Double


◉ A __________ amount will appear on the left side of a T-account.
Answer: Debit


◉ A listing of the balances in the accounts in order to determine whether
debits are equal to credits is a __________ balance. Answer: Trial


◉ The listing of accounts that are available for posting transactions is
the __________ of accounts. Answer: Chart


◉ When a check is written, a cash account should be __________.
Answer: Credited


◉ Liability accounts will normally have __________ balances. Answer:
Credit


◉ Revenue accounts will normally have __________ balances. Answer:
Credit