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Bookkeeper 's Hiring Test
Basic Test Payroll Option Depreciation Option Inventory-Perpetual Option
Test Name: AIPB Hiring Test Test Form: 5 Test Points: 25.00
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Name: ________________________________ Date: _________________ [1]BASIC BANK01 - BAT 003 Which of the following statements is true? A. An asset account is increased by a credit B. An expense account is increase by a credit C. A revenue account is decreased by a credit D. An equity account is decreased by a debit [2]BASIC BANK02 - BAT 010 The Income Summary account contains: A. Total revenues and total expenses for the year B. Total assets and total liabilities at year end C. Total revenues, expenses, assets, and liabilities at year end D. Total revenues and assets at year end
Bookkeeper 's Hiring Test
Form: 5
[3]BASIC BANK03 - OE 015 On July 7, 200X, your firm signs a 5-year rental lease for an office for $2,000 a month. The lease starts August 1, 200X, and requires payment of each month’s rent in advance on the first of the month. On July 7, your firm pays $5,000 both for a deposit that is refundable at the end of the 5-year term and the rent for August. How do you record the $5,000 payment? 5,000 A. Rent Expense Cash 5,000 2,000 B. Prepaid Rent Rent Expense 3,000 Cash 5,000 Prepaid Rent 2,000 C. Deposit 3,000 Cash 5,000 D. Rent Expense 2,000 Rent Paid In Advance 3,000 Cash 5,000 [4]BASIC BANK04 - ABB 010 PriCo made a $5,500 deposit that the bank erroneously recorded as $550. In PriCo’s bank reconciliation, the difference of $4,950 should be: A. Deducted from the balance per bank B. Deducted from the balance per books C. Added to the balance per bank D. None of the above
1 _________________________________________________
This test was designed by the American Institute of Professional Bookkeepers, the national association and certifying organization for bookkeepers. For information, visit www.aipb.org or call 800-622-0121 © 2005
Basic Test Payroll Option Depreciation Option Inventory-Perpetual Option
Test Name: AIPB Hiring Test Test Form: 5 Test Points: 25.00
_________________________________________________
Name: ________________________________ Date: _________________ [1]BASIC BANK01 - BAT 003 Which of the following statements is true? A. An asset account is increased by a credit B. An expense account is increase by a credit C. A revenue account is decreased by a credit D. An equity account is decreased by a debit [2]BASIC BANK02 - BAT 010 The Income Summary account contains: A. Total revenues and total expenses for the year B. Total assets and total liabilities at year end C. Total revenues, expenses, assets, and liabilities at year end D. Total revenues and assets at year end
Bookkeeper 's Hiring Test
Form: 5
[3]BASIC BANK03 - OE 015 On July 7, 200X, your firm signs a 5-year rental lease for an office for $2,000 a month. The lease starts August 1, 200X, and requires payment of each month’s rent in advance on the first of the month. On July 7, your firm pays $5,000 both for a deposit that is refundable at the end of the 5-year term and the rent for August. How do you record the $5,000 payment? 5,000 A. Rent Expense Cash 5,000 2,000 B. Prepaid Rent Rent Expense 3,000 Cash 5,000 Prepaid Rent 2,000 C. Deposit 3,000 Cash 5,000 D. Rent Expense 2,000 Rent Paid In Advance 3,000 Cash 5,000 [4]BASIC BANK04 - ABB 010 PriCo made a $5,500 deposit that the bank erroneously recorded as $550. In PriCo’s bank reconciliation, the difference of $4,950 should be: A. Deducted from the balance per bank B. Deducted from the balance per books C. Added to the balance per bank D. None of the above
1 _________________________________________________
This test was designed by the American Institute of Professional Bookkeepers, the national association and certifying organization for bookkeepers. For information, visit www.aipb.org or call 800-622-0121 © 2005