Bookkeeping Certification Exam Questions With Solutions 100% Correct
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Course
ASB BOOKKEEPING
Institution
ASB BOOKKEEPING
Bookkeeping Certification Exam Questions
With Solutions 100% Correct
If assets are $15,000 and liabilities are 5000 and owners equity equals 10,000 True
Match each business type to its corresponding characteristic, sole proprietorship is the
easiest type of business to form, corporation offers...
Bookkeeping Certification Exam Questions
With Solutions 100% Correct
If assets are $15,000 and liabilities are 5000 and owners equity equals 10,000 True
Match each business type to its corresponding characteristic, sole proprietorship is the
easiest type of business to form, corporation offers limited liability to its owners partnership
owned by two or more individuals
Place the account types in the order they are listed within the trial balance Asset, liability,
capital, withdrawal, revenue, expense
Which of these is equivalent to the accounting equation
Which of these is not an owners equity account
Unneeded revenue is considered. What type of account
, Bookkeeping Certification Exam Questions
With Solutions 100% Correct
Kamala Chan owner of timepiece masters withdrawals $2000 from the business to pay personal
expenses. What are the two accounts
What cannot be a source document for a business?
What are the steps of the accounting cycle?
Match and identify all of the generally accepted accounting principles
When is revenue recognized under the accural base of accounting?
The proper journal entry for recording the payment of storage rent on account is the debit
accounts payable and a credit to what
Which of these describes how to record service revenue on account
Which account increases the debit side of a account
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