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.
As a sole trader, which of these is a spreadsheet that you will need?
Before you give a customer credit, what should you do?
Which of these is an example of what you should do when drawing up a budget?
For how many years minimum must you keep purchase invoices in your accounts?
If you withdraw petty cash from a money box, what should you do?
Share your Results:
- Accounting Glossary: Basic Bookkeeping Terms & Phrases
- Starting a Business with No Money; Making Things Work without the Finances In Place
- Business Bookkeeping – An Online Course
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