Bookkeeping Quiz & Answer Guide
I found a Great Bookkeeping Quiz years ago that I would like to share with those who are looking for a bookkeeper and want a quick and simple quiz that will help you to assess basic skills and separate "clerks" from bookkeepers. Try it! When you finish, use the Answer Guide at the bottom of this page to see how you or your potential staff member did! Bookkeeping Quiz 1. What accounts make up the balance sheet? 2. What accounts make up the profit/loss statement? 3. What are the normal balances of the following? (Dr or cr) _______Postage Expense _______Accounts Receivable _______Office Equipment _______Accrued Payroll Taxes _______A/R Allowance _______Fee Income _______Note Payable _______Shareholder’s Equity _______Payroll Advance _______Accumulated Depreciation _______Petty Cash _...