Bookkeeping Quiz

July 29, 2015
Clock Icon 4 min read

Test Your Bookkeeping Knowledge

Bookkeeping is an important part of running a business. It enables you to keep track of your business’ financial records so you’re aware of all the sales, purchases, and other expenditures you make.

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As a sole trader, which of these is a spreadsheet that you will need?

Correct! Wrong!

Before you give a customer credit, what should you do?

Correct! Wrong!

Which of these is an example of what you should do when drawing up a budget?

Correct! Wrong!

For how many years minimum must you keep purchase invoices in your accounts?

Correct! Wrong!

If you withdraw petty cash from a money box, what should you do?

Correct! Wrong!

Test Your Bookkeeping Knowledge
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Financial