This test has 40 questions covering essential Accountant functonal areas such as:

Balance Sheets

• Petty Cash and Voucher Formulas

Accounts Receivable

• Cash/Sale on Account
• Cash/Shareholder
• Net Sales
• Bad Debt/Balance Sheet
• Bad Debt/Income Statement
• Cash Deposits
• Unauthorized Shipment
• Timely Sales Records

Inventory / LIFO Methods

• Calculate Beginning Value
• Calculate Revenue
• Calculate Ending Inventory
• Calculate Cost of Goods Sold

Depreciation Methods

• SL Calculations
• DDB Calculations

Accounts Payable

• Returns
• Understated Account
• Assets and Liabilities
• Reasonable Recording
• Recording Purchases
• Cash Disbursements
• Check Recording

Payroll

• Hourly Rate
• Time Card
• Personnel Functions
• Tax Prep
• Fictitious Employee
• 941