1.0  What is an account and its usefulness?

2.0  Define debits and credits and explain how they are used to record business transactions

3.0  Identify the basic steps in the recording process

4.0  Explain what is a journal and how it helps in the recording process

5.0  Explain what is a ledger and how it helps in the recording process

6.0  Explain what is posting and how it helps in the recording process

7.0  Explain how to prepare a trial balance

8.0  What are the purposes of preparing a trial balance?

Click here to go to all other articles on Content Page on Accounting Quiz or Test your bookkeeping or accounting knowledge