The Bookkeeping - Professional assessment measures the test taker's capabilities as a full-charge Bookkeeper. The candidate should be able to pay bills, track receivables, process payroll in full, post journal entries, and maintain a company's books and basic financial statements. Topics include Accounting Principles, Accounts Payable/Coding, Accounts Receivable/Billing, Bank Reconciliation, Depreciation, Financial Statements, Payroll Posting, Closing, and Journal Entries. Assessments for Financial Math and Bookkeeping are also available. Total Questions 39 Question Types Multiple Choice Competencies Tested Accounting PrinciplesFinancial StatementsPosting, Closing, Journal EntriesAccounts Receivable/BillingAccounts Payable/CodingBank ReconciliationPayrollDepreciation Tasks Tested GAAP PrinciplesDepreciation with Salvage ValuePayment DiscrepancyAccelerated Depreciation MethodOwner's EquityClient Account BalancesAccounting EquationDepreciation CalculationUnpaid ExpenseRevenue and Expense RelationshipCurrent LiabilitiesPrepaid ExpenseCurrent Asset HandlingRent PaymentErroneous CreditBank FeesBook BalanceIncome Statement SetupPrior Period AdjustmentDebit vs. CreditBonus AccrualBalance on HandExpense AccrualsPosting DepreciationBalance Due PaymentInvoice CodingEquipment PurchaseComputer PurchaseInvoice TermsTemporary Service InvoiceInvoice Terms and DiscountsAccounts Payable Account TypeVendor ReportAnnual vs. Hourly PayEmployee Tax FormsForm 941 FilingOvertime Pay401K ContributionsPayroll Calculation
