Bookkeeping certification - Study guides, Class notes & Summaries

Bookkeeping Certification Course

Bookkeeping Certification Practice Test Questions and Answers 2024.

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, r...

BOOKKEEPING CERTIFICATION COURSE EXAM QUESTIONS AND ANSWERS on financial statements that it would be misleading. This is very subjective and bookkeeper should ask for advice from colleges or an accountant when needed Consistency Principle - ANSWER-A business should use the same accounting methods and procedures from period to period. this principle applies to line items on all financial statements and reports. Only change an accounting principle or method if the new version improves report...

The review of financial statements to assess their fairness and adherence to GAAP is -ANSWER- auditing An independent accountant who performs financial audits is a -ANSWER- Certified Public Accountant (CPA) To become a CPA, an individual -ANSWER- must have a certain number of college credits in accounting courses. pass the Uniform CPA Examination. fulfill the experience requirements of the state of practice. Which of the following is not a service typically provided by a public accoun...

Bookkeeping Certification Exam Questions and Answers 100% Solved The review of financial statements to assess their fairness and adherence to GAAP is - auditing An independent accountant who performs financial audits is a - Certified Public Accountant (CPA) To become a CPA, an individual - must have a certain number of college credits in accounting courses. pass the Uniform CPA Examination. fulfill the experience requirements of the state of practice. Which of the following is not a se...

Bookkeeping Certification Practice Test Questions and Answers 2024.

A schedule that contains all accounts needed to prepare financial statements is known as: - ANSWER-general ledger Reorganizing all the journal entries and grouping them by account is known as: - ANSWER-posting to the ledger Chart of Accounts (COA) - ANSWER-an ordered listing of accounts that a company has identified and made available for recording transactions Journal Entry - ANSWER-an accounting method for expressing the effects of a transaction on accounts in a debits-equal-credits f...

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