Free bookkeeping tests and quizzes - test your knowledge on all things related to double-entry bookkeeping such as source documents, debits and credits, journals and ledgers, chart of accounts and the accounting equation
These tests are made up of about 9, 10 or more quiz-type questions.
You will find it helpful to read up on each topic by clicking on the graphic links to the relevant pages of our website.
These tests/quizzes can also be found at the bottom of each of those pages so you can first study the information provided and complete the quizzes immediately online whilst you are there to help you retain what you have just read.
Alternatively, print off the pdf version of the accounting quiz of your choice below.
The first page has the questions, and the second page has the answers.
1. Accounting Source Documents Bookkeeping Test
Source Documents questions:
Here is a sampling of the questions:-
What is a source document?
When are credit notes issued?
Who gets the document?
Are there many different types of documents?
What is common about source documents?
A document issued when a sale is made is called what?
What should be done with source documents when no
longer current?
What are accounting source documents commonly called?
Can bills only be paid by internet banking?
read the topic:
Read up on accounting source documents to be able to answer the questions.
What is the minimum times a transaction is entered to the ledgers?
Which sides of the T shape journal do the debits and credits go on?
What is increased and decreased by the debits and credits?
A business buys stationery using their bank card. The two ledger accounts are Stationery Account and Bank Account. Which account is debited and which account is credited?
A business makes a sale and deposits the payment to the bank. The two ledger accounts are Income Account and Bank Account. Which account is debited and which account is credited?
What helps keep the books in balance?
What equation do the debits and credits fall in line with?
Can a credit entry be split into more than one debit entry?
Read the topic:
Go and read about Debits and Credits to answer these questions.
True or False : the accounting equation is a mathematical principle?
What is based on the accounting equation?
What is the accounting equation?
From this list, tick the ones that are assets:- - Cash, Office equipment, Loans, Subscriptions, Machinery, Vehicles, Overheads, Accounts, Receivable
What are the accounts found under assets, liabilities and equity known as?
From this list, tick the ones that are liabilities:- - Bank loans, Building, Funds borrowed from a finance institution, Income, Accounts payable, Sales
What are the accounts found under income and expenses known as?
What accounting report are assets, liabilities and equity found on?
What does the balance sheet indicate about the business?
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