Accountant
Bookkeeping and month-end close questions
137 questions on Bookkeeping and month-end close for accountants, easiest first.
Easy 52
- The rule behind double entryeasy
- Using the accounting equationeasy
- Recording rent paid by bankeasy
- What a trial balance tells youeasy
- Prepaid insurance at year endeasy
- Salary owed at year endeasy
- Owner brings in capitaleasy
- Cash taken for personal useeasy
- Recording a credit saleeasy
- Returning goods to a suppliereasy
- Tally voucher for bank to casheasy
- Normal credit balanceeasy
- Spotting capital expenditureeasy
- The going concern assumptioneasy
- The matching principleeasy
- Applying prudenceeasy
- Interest earned but not yet receivedeasy
- Provision for doubtful debtseasy
- Topping up an imprest petty casheasy
- Recording a trade discounteasy
- Cash discount for paying earlyeasy
- What the sales day book recordseasy
- The consistency principleeasy
- What a debit does to a liabilityeasy
- Buying goods on crediteasy
- Golden rule for nominal accountseasy
- What the purchase day book recordseasy
- Why a suspense account is openedeasy
- An invoice never enteredeasy
- Classifying income received in advanceeasy
- Accrual basis compared with cash basiseasy
- Depositing office cash into the bankeasy
- What posting to the ledger meanseasy
- Booking monthly depreciationeasy
- Bank charges seen only on the statementeasy
- Document sent with a purchase returneasy
- Closing the expense accountseasy
- What an unpresented cheque iseasy
- Golden rule for real accountseasy
- Golden rule for personal accountseasy
- Why a seller issues a credit noteeasy
- The three-column cash bookeasy
- Entries that go in the journal propereasy
- Why a chart of accounts matterseasy
- Evidence for a credit purchaseeasy
- Where accumulated depreciation sitseasy
- Purpose of an opening entryeasy
- The business entity concepteasy
- Expensing a cheap staplereasy
- Showing wages still owedeasy
- When a provision is recognisedeasy
- A lawsuit the company expects to wineasy
Medium 53
- Working out the bank statement balancemedium
- When to record service revenuemedium
- Repairs posted to an asset accountmedium
- An undercast sales day bookmedium
- Interest accrued on a fixed depositmedium
- Customer pays after deducting TDSmedium
- Effect of a reversing accrualmedium
- Rent paid for 18 monthsmedium
- Direct deposit on the bank statementmedium
- A lawsuit that may be lostmedium
- Sizing a warranty provisionmedium
- Three-way match in payablesmedium
- Purchase with CGST and SGSTmedium
- Net GST to pay for the monthmedium
- Receipt posted to the wrong customermedium
- Two errors that cancel outmedium
- Clearing suspense for an overcast sales bookmedium
- Cheques deposited on the last daymedium
- A customer cheque bouncesmedium
- Electricity used but bill not receivedmedium
- Insurance expense after three monthsmedium
- Payroll entry with PF and TDSmedium
- Employer share of provident fundmedium
- Receivables control does not match the subledgermedium
- Item that stays out of the debtors control accountmedium
- Money from a debt already written offmedium
- When petty cash spending hits expensesmedium
- Audit fee for the year being auditedmedium
- Goods received but no invoice yetmedium
- Advance paid before goods arrivemedium
- Splitting a loan EMImedium
- Loan interest due but not yet chargedmedium
- Owner takes goods from stockmedium
- Stock given away as free samplesmedium
- Stock lost in a fire with a part claimmedium
- Commission received for next yearmedium
- Wages paid to install a machinemedium
- Sequencing the month-end closemedium
- Spreading an annual software licencemedium
- Adjusting an advance against the invoicemedium
- GST on an advance for servicesmedium
- Paying rent after deducting TDSmedium
- Booking a payment gateway settlementmedium
- Discount posted to the wrong sidemedium
- A difference divisible by ninemedium
- A charge the bank posted by mistakemedium
- Customers showing credit balancesmedium
- Work done but not yet billedmedium
- Allowing interest on capitalmedium
- Cost of removing a plant at the endmedium
- A contract that will now lose moneymedium
- Costs inside a restructuring provisionmedium
- Unwinding a discounted provisionmedium
Hard 32
- Booking a fee with TDS deductedhard
- An inventory error across two yearshard
- Depreciation after a change in useful lifehard
- Fixing a material prior-year errorhard
- Working out the original suspense balancehard
- A new machine charged to repairshard
- Reconciling an overdraft balancehard
- Wrong figure keyed from the invoicehard
- A missed accrual at year endhard
- An accrual that was never reversedhard
- Reverse charge on advocate feeshard
- GST on staff food that cannot be claimedhard
- Goods shipped on the 31st, invoiced on the 2ndhard
- Control over manual journalshard
- Truing up an accrual estimatehard
- A supplier with a debit balancehard
- Correcting the cash book before reconcilinghard
- Topping up the doubtful debts provisionhard
- Bringing closing stock into the bookshard
- A sale entered in the purchase bookhard
- A sale posted to sales but not the customerhard
- Accruing an annual bonus each monthhard
- Choosing a soft close for some monthshard
- Journals that deserve a closer lookhard
- A warranty provision that was too highhard
- Unused leave that staff can encashhard
- Paying a US supplier at a new ratehard
- Advance tax and the year-end tax provisionhard
- A balanced trial balance with the wrong profithard
- Finding the bank statement balancehard
- Branch remittance in transit at month endhard
- Higher estimate of site restoration costhard