Junior Accountant Skills Quiz Form
Test your knowledge and skills as a junior accountant. Complete all questions below to the best of your ability.
Full Name
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First Name
Last Name
Which of the following is classified as an asset on the balance sheet?
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Accounts Receivable
Accounts Payable
Sales Revenue
Owner's Equity
Which statements about double-entry bookkeeping are correct? (Select all that apply)
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Every transaction affects at least two accounts
Debits must always equal credits
It only records cash transactions
It ensures the accounting equation stays balanced
Rate your proficiency in using Microsoft Excel for accounting tasks.
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Beginner
1
2
3
4
Expert
5
1 is Beginner, 5 is Expert
Which document is typically used to record daily cash receipts?
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Cash Receipts Journal
Sales Invoice
Purchase Order
Trial Balance
A company purchased office supplies on credit. Which accounts are affected?
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Office Supplies (Asset)
Accounts Payable (Liability)
Cash (Asset)
Sales Revenue
Match each accounting term to its correct definition.
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Rows
Definition
Asset
A resource owned by a company
A company's debts or obligations
Money earned from normal business operations
Costs incurred in earning revenue
Liability
A resource owned by a company
A company's debts or obligations
Money earned from normal business operations
Costs incurred in earning revenue
Revenue
A resource owned by a company
A company's debts or obligations
Money earned from normal business operations
Costs incurred in earning revenue
Expense
A resource owned by a company
A company's debts or obligations
Money earned from normal business operations
Costs incurred in earning revenue
Which of the following best describes the purpose of a trial balance?
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To verify that total debits equal total credits
To calculate net profit
To record all company transactions
To prepare the cash flow statement
Scenario: You discover a small error in the previous month's ledger. What is the correct course of action?
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Record an adjusting entry to correct the error
Erase the error and rewrite the entry
Ignore the error if it is minor
Notify your manager and do nothing else
Which of the following are considered ethical practices for accountants? (Select all that apply)
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Maintaining confidentiality of client information
Accurately reporting all financial data
Ignoring minor errors to save time
Complying with laws and regulations
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