Quiz 21: Basics of Bookkeeping Quiz

Test your knowledge of bookkeeping with our online basics of bookkeeping quiz.

Not Ready for the Basics of Bookkeeping Quiz?

If you need a refresher course on this topic you can view our basics of bookkeeping tutorials here.

Start the Basics of Bookkeeping Quiz

Click on an answer to reveal whether its Right! or Wrong

1. What is a purchase order used for?
Wrong
Right!
Wrong
2. What is a contra revenue account?
Right!
Wrong
Wrong
3. Does a contra revenue account normally have a debit or a credit balance?
Right!
Wrong

 

4. What are accounting source documents?
Wrong
Wrong
Right!
5. Which of the following is an accounting source document?
Wrong
Wrong
Right!
6. Which of these comes first in the accounting cycle?
Right!
Wrong
Wrong
7. Which of the following is not part of the double entry bookkeeping system? (Assume control accounts do not form part of the double entry)
Wrong
Right!
Wrong
8. What is the petty cash reconciliation form used for?
Right!
Wrong
Wrong
9. Which of the following errors affect the trial balance?
Right!
Wrong
Wrong
10. Using the cash basis of accounting a sale is recorded when?
Wrong
Wrong
Right!

 

 

 

 

Try Another Double Entry Bookkeeping Quiz

The basics of bookkeeping quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.

Last modified July 16th, 2019 by Michael Brown

About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.

You May Also Like

Posted By: Michael Brown
Bookkeeping Basics