The General Ledger Knowledge test seeks to determine the knowledge level of a candidate seeking employment in the field of accounting. The questions on this test range in difficulty from basic, which a candidate with as little as one year's experience should be able to answer, to questions which are more challenging and will probably only be answered correctly by those candidates with more experience or those who are seeking professional qualifications in accounting. The balance between basic, intermediate and advanced level questions provides an adequate reflection of a candidate's knowledge base. The test is designed to be relevant to candidates who have worked with either manual or computerized systems, as well as a combination of the two. Tests for Bookkeeping - Professional, Financial Math and Payroll Clerk are also available. Total Questions 36 Question Types Multiple Choice Competencies Tested General Ledger KnowledgeAccountingSetting UpTrial BalanceJournal EntriesLedger Entries Tasks Tested Preparation of Financial StatementsPosting to the General LedgerAutomatic Posting to the General LedgerSub-ledgers within the General LedgerParts of an Audit TrailFunction of the General LedgerAccounting for Debtors ProvisionsGeneral Ledger Journals Output ReportAudit TrailInput for the General LedgerWriting Off an Uncollectible AccountAccounting for Equipment Costs in the General LedgerInputs for the General LedgerAccounts in the General LedgerPostings to the General Ledger Control AccountAccounts Payable LedgerProcessing within the General LedgerAccounting for Depreciation in the General LedgerBalance Sheet and Income AccountsDefinition of a General LedgerFormat of the General LedgerOpening Balance for a General Ledger AccountJournal Entries to Set Up the General LedgerPreparation of a Trial BalanceGeneral Ledger and the Trial BalancePurpose of the Trial BalanceCorrecting EntriesDefinition of the General JournalJournal Entries to Correct ErrorsAdjusting Journal EntriesAdjusting Ledger Entries to Accounts - Trial Balance DifferenceRecording TransactionsEntries to Correct Errors in PostingRecording a Transaction
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