Job Seeker License – Access Any PrepPack™ From Our Library
Support
Payment
Guarantee
- Two full-length general accounting tests
- Two full-length accounts payable tests
- Two full-length accounts receivable tests
- Two full-length bookkeeping tests
- Full explanations and solving tips
- Personalized score reports
- Immediate online access
- Exclusive to JobTestPrep
Ace Your Accounting & Bookkeeping Exam With Free Questions and Answers [2020]
Hi, I'm David, JobTestPrep's expert for Accounting exams. Have a question? Feel free to contact me at: askdavid@jobtestprep.com
If you need to take an accounting or bookkeeping test - this is certainly the perfect page for you.
Pulling ahead of your competition requires more than just general knowledge. You'll need realistic practice tests with lots of accounting questions, answers, and in-depth explanations.
See where you stand with our free accounting and bookkeeping sample questions.
Or get the full Accounting PrepPack™ that includes:
⦿ Timed real interactive tests simulating the real accounting exam experience.
⦿ Targeted drills to quickly strengthen your grasp of any subject demanding improvement.
⦿ Unique study guides and detailed answer explanations to help you master the test
Let's get started.
Accounting Exams and Accounting Tests
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.
Get fully prepared for your upcoming test with JobTestPrep's comprehensive online practice materials.
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.
Mirena T. - Accounts Administrator, Verified Buyer
"Great help! This test got me a job. Money invested in the test definitely worth it."
⭐⭐⭐⭐⭐
Accounting Test Topics
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 |
Accounting Questions and Answers: Sample Bookkeeping Questions
1. Which of the following is an item of working capital?
- Fixed assets
- Long-term investments
- Accounts receivable
- Bonds payable
1. The correct answer is C.
Explanation: Working capital consists of current assets and current liabilities.
2. To which account in the Balance Sheet is the net income or net loss
transferred to at the end of the accounting period?
- Cash
- Accounts Receivable
- Inventory
2. The correct answer is A.
Explanation: The amount of net income or net loss is transferred to Retained Earnings, which is an equity account.
Accounting Questions and Answers: Sample Accounts Payable Questions
3. Accounts Payable is classified as a/an ___________ in the _____________.
- Current asset; Balance Sheet
- Current liability; Balance Sheet
- Expense; Income Statement
- Revenue; Income Statement
3. The correct answer is B.
Explanation: Accounts payable is a short-term obligation. Hence, it is classified as a current liability in the Balance Sheet.
4. Which of the following documents authorizes the purchase transaction?
- Credit memo from supplier
- Invoice or bill from supplier
- Purchase order
- Purchase requisition
Sample Accounts Receivable Questions
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.?
- $102,000
- $54,000
- $90,000
- $114,000
5. The correct answer is D.
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. What is meant by accounts receivable?
- Money owed to a company by its debtors
- Money owed by a company to its creditors
- Money owed to a company by its employees
- Money owed by a company to its vendors
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.
Accounting Exam: Accounting Questions Help
JobTestPrep's PrepPacks™ include all the materials you need to do well on the accounts payable, accounts receivable, bookkeeping, tests. Start practicing today.
We Offer the Most Complete Accounting & Bookkeeping Preparation Package on the Web:
Some of the Accounting Tests included in the Bundle Accounting PrepPack™ are:
Accounts Receivable Clerk, Accounts Payable Clerk, Bookkeeper, Financial Record Keeper
Accounting & Bookkeeping Test Prep FAQ
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.