Businesses are looking for bookkeepers and accountants who possess fine attention to detail in their work. Accounting tests are designed to measure your ability to process and analyze data.
Therefore, our Accounting and Bookkeeping Bundle PrepPack™ is designed to provide you with everything you need to be fully prepared.
Access five Accounting & Bookkeeping practice tests, including the Free Exam with complete score reports and detailed answer explanations.
Don't go into your exam unprepared; practice today and improve your chances of getting the job.
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Each position utilizes its own assessment test based on the responsibilities that position will entail. Still, various accounting tests can have many overlaps.
Here are some of the topics covered by our Accounting Bundle Pack:
Journal Entry | Cash Flow | Dividends | Account Balancing |
Documentation | Analysis | Inventory | Account Types |
Ratios | Credit Terms | Provisions | Presentation |
Explanation: Working capital consists of current assets and current liabilities.
Explanation: The amount of net income or net loss is transferred to Retained Earnings, which is an equity account.
Explanation: Accounts payable is a short-term obligation. Hence, it is classified as a current liability in the Balance Sheet.
5. Brown Glory Corp. has sales revenue of $150,000, sales discounts of $12,000, sales returns allowances of $24,000, and cost of goods sold of $60,000.
What would be the net sales revenue of Brown Glory Corp.?
Explanation: Net sales revenue is the amount left after deducting sales discounts and sales returns and allowances from gross sales revenue. Cost of goods sold is deducted from net sales revenue to arrive at gross profit.
Gross Sales Revenue – Sales Discounts – Sales Returns and Allowances
$150,000 – $12,000 – $24,000 = $114,000.
6. The correct answer is A.
Explanation: Accounts receivable is defined as money owed to a company by its debtors. When a company sells goods on credit, it creates a current asset by the name of accounts receivable and books the corresponding revenue. When the cash is received, the asset is reversed.
JobTestPrep's PrepPacks™ include all the materials you need to do well on the accounts payable, accounts receivable, bookkeeping, tests. Start practicing today.
Accounts Receivable Clerk, Accounts Payable Clerk, Bookkeeper, Financial Record Keeper
Our test experts created this practice pack after extensive research and getting feedback from dozens of customers.
It includes every subject you might encounter on your upcoming accounting test.
If, however, you find that the actual test’s content was different from what you’ve practiced here, you’ll get your money back. Clean and simple.
Tax accountants
Bookkeepers
Business analysts
Auditors
Forensic accountants
Finance professionals
Retail or finance management
And many more
The sample questions may be easy, but remember –this is not the full test, in it, you have a tight time limit.
If you are not well prepared you will find it is very hard to get a good score.
The more you practice, the better you get. The better you get, the higher your chance to ace your upcoming accounting test.
Who does not like a free product? But, when it comes to preparing for a pre-hire test, you should think twice. As the saying goes, you get what you pay for.
With our preparation pack, you get what you pay for and then some:
Timed interactive tests simulating real accounting exam conditions.
Targeted drills to quickly strengthen any subject demanding improvement, along with unique study guides, and detailed answer explanations
With these tools in hand, you will maximize both your buck and prepping experience.
This preparation is for those readying to take either an accounting exam or a bookkeeping test.
There are some accounting tests with specific providers like the Kenexa Prove it Test - for these, we have you covered with a dedicated preparation kit.
We are positive that our PrepPack will closely mirror the real test. If somehow, you find that the actual test’s content was different from what you’ve practiced here, you’ll get your money back. Clean and simple.