Accounting & Bookkeeping Skills Testing

We cover many forms of skills testing for accounting & bookkeeping roles. Some of these are listed below.

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Accounting Terminology - Advanced

Accounting Terminology - Basic

Accounts Payable

Accounts Receivable

ACCPAC Pro Series

ADP - Payroll

Advanced Accounting

Business Income Tax

Corporate Tax Accounting

Cost Accounting

Fixed Assets

General Accounting

General Ledger Knowledge

Individual Income Tax

JD Edwards

MAS 90 - Bookkeeping

MYOB Accounting Plus

Partnership Tax Accounting

Payroll Clerk Partnership Tax Accounting

Payroll Management

Peachtree 2007

Peachtree Accounting 2003

QuickBooks Pro 2005

QuickBooks Pro 2006

QuickBooks Pro 2008

QuickBooks Pro 2009

QuickBooks Pro 2010

QuickBooks Pro 2011

QuickBooks Pro 2012

QuickBooks Pro 2013

Quicken 2003 Basic

Quicken 2012

Quicken 2013

Sage Line 50

Sage Line 50 v12

Sage MAS 90/200

Sage Peachtree Pro 2012

Sage Simply Accounting Pro 2012

Simply Accounting 2006

Simply Accounting 2010

Sample Questions

According to business rules, which of the following actions would be recorded as a debit?

  1. 1
    an amount of money deposited into an account
  2. 2
    an entry showing an expense in a record of accounts
  3. 3
    an amount of money taken out of a cash account 
  4. 4
    1 & 2
  5. 5
    2 & 3

Which of the following best describes the function of a Balance Sheet? It is a statement of...

  1. 1
    debits at a particular time period
  2. 2
    credits at a particular time period
  3. 3
    debits and credits at a particular time period

Which of the following would best describe a partnership?

  1. 1
    a legal entity independent from any of its owners
  2. 2
    an entity with two or more owners that has a separate legal status
  3. 3
    an entity with two or more owners that does not have a separate legal status

​What are journal entries that bring the accounts up to date at the end of the accounting period called?

  1. 1
    closing entries
  2. 2
    adjusting entries
  3. 3
    income summary entries
  4. 4
    bank account entries

Which of the following best describes the duties of an Accounts Payable (AP) department?

  1. 1
    recording monies owed to the company
  2. 2
    recording of debits
  3. 3
    recording of credits
  4. 4
    1 & 2
  5. 5
    2 & 3

Which of the following describes the duties of an Accounts Receivable (AR) department?

  1. 1
    records monies owed to the company
  2. 2
    records credits
  3. 3
    records monies the company owes to other companies
  4. 4
    1 & 2
  5. 5
    2 & 3

The organisation that sets accounting standards for organisations in Australia is the...

  1. 1
    ...Australian Tax Office
  2. 2
    ...CPA, Australia
  3. 3
    ...Australian Securities and Investment Commission
  4. 4
    ...Australian Accounting Standards Board

Which of the following is the correct entry to replenish a petty cash fund?

  1. 1
    debit petty cash; credit cash
  2. 2
    debit cash; credit petty cash
  3. 3
    debit various expense accounts; credit petty cash
  4. 4
    debit various expense accounts; credit cash

Generally Accepted Accounting Principles (GAAP) are designed to...

  1. 1
    ...protect the interests of management
  2. 2
    ...protect the interests of investors or other stakeholders
  3. 3
    ...provide the comparable worldwide accounting standards
  4. 4
    ...protect the owners of private firms

Which of the following best describes an "audit"?

  1. 1
    an inventory check
  2. 2
    a checks and balances system
  3. 3
    a formal and thorough statement of goods and services
  4. 4
    an assessment of gains
  5. 5
    a formal and thorough examination of financial accounts

What is the financial ratio used to assess a company's liquidity?

  1. 1
    Debtor's turnover Ratio
  2. 2
    Balance Sheet Ratio
  3. 3
    Current Ratio
  4. 4
    Working Capital Ratio

A liability that has been incurred but has not been recorded in the accounts is known as an...

  1. 1
    ...overpayment
  2. 2
    ...asset
  3. 3
    ...contingent liability
  4. 4
    ...accrued liability

A Petty Cash fund is...

  1. 1
    ...used to pay small amounts
  2. 2
     ...reimbursed when the amount of money in the fund is at a predetermined minimum amount
  3. 3
    ...set up by estimating the amount of cash needed over a specified period for disbursement
  4. 4
    1 & 3
  5. 5
    All of the above

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