BOOKKEEPING CERTIFICATION TEST |ACTUAL QUESTIONS AND DETAILED CORRECT SOLUTIONS |NEW UPDATE 2026/2027|GRADED A+

Question 1

A listing of the account numbers and titles but without account balances is the
______________ of accounts.

ANSWER

Chart




Question 2

Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and
______________ order should be compared.

ANSWER

Purchases




Question 3

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




Question 4

The amount of insurance premiums that have not yet expired is reported as an
______________.

1

, ANSWER

Assets




Question 5

Adjusting entries are recorded in the ______________ journal.

ANSWER

General




Question 6

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




Question 7

Which of the following will increase the balance in a liability account?

ANSWER

Credit




Question 8

Which of the following will increase the balance in a revenue account?

ANSWER

2