Bookkeeping 101

Create an image of a friendly bookkeeper at a desk with financial documents, a laptop, and a calculator, surrounded by books on accounting and bookkeeping, bright and inviting office setting.

Master Your Bookkeeping Skills

Welcome to Bookkeeping 101! This engaging quiz is designed for anyone looking to enhance their bookkeeping knowledge and skills. Whether you are a business owner, aspiring accountant, or just curious about the financial world, this quiz has something for you!

  • Test your knowledge on bookkeeping fundamentals.
  • Learn important concepts that every business should understand.
  • Explore the benefits of effective bookkeeping practices.
12 Questions3 MinutesCreated by OrganizingOtter523
What is the most commonly used bookkeeping software both online and desktop?
Excel
Xero
Quickbooks
ADP
What are some benefits to outsourcing your bookkeeping?
Save money and time
I HAVE NO CLUE!
Expert and quality assurance
Getting back to focus on your business vs. The paperwork!
What is the normal balance for an expense account?
Credit
A WHAT?!
Debit
None of these
Which of these accounts does NOT show on an income statement?
Expenses
Revenue
Cash
All the above
What does a balance sheet report?
Reports revenues and expenses and calculates net income/net loss.
Shows how capital has changed during the set period.
Reports assets, liabilities, and owner's equity as of the last day of the period.
All of the above
Which is NOT a step in the accounting cycle?
Journalize and post closing entries
Adjusting entries
Analyze and Journalize transactions as they occur
Jump ship, I have no clue what I am doing!
What is considered a "long-term liability"?
Cash
Accounts Receivable
Revenue
Notes payable (such as a loan)
What is Accrual Basis Accounting?
Accrual basis accounting records the effect of each transaction as it occurs—that is, revenues are recorded when earned and expenses are recorded when incurred
Accrual basis only records transactions with cash: cash receipts and cash payments. When cash is received, revenue is recorded
This is a fancy word for Trail balance
Wait, I'm confused.....
What does my friendly, neighborhood spi... I mean... Local bookkeeper named Camilla do?
Climbs walls and fights crime in NYC
Works directly with you and your business to ensure quality care of your books.
Has got your back 100% and is willing to go above and beyond for her clients
All of the Above
{"name":"Bookkeeping 101", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Welcome to Bookkeeping 101! This engaging quiz is designed for anyone looking to enhance their bookkeeping knowledge and skills. Whether you are a business owner, aspiring accountant, or just curious about the financial world, this quiz has something for you!Test your knowledge on bookkeeping fundamentals.Learn important concepts that every business should understand.Explore the benefits of effective bookkeeping practices.","img":"https:/images/course1.png"}
Powered by: Quiz Maker