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Bookkeeping Skills Test

The bookkeeping test provides insight into a job candidate’s ability to competently perform the daily responsibilities of a bookkeeper, including balancing and maintaining ledgers, coordinating bank deposits, creating monthly statements, and processing payments. Geared toward quickly identifying a qualified individual, the bookkeeping test asks candidates to evaluate multiple-choice questions that illustrate data, ledgers, invoices, balance sheets, and other financial reports to identify the most appropriate answer. This assessment screens candidates for their ability to:

  •    Analyze numerical data and make calculations.
  •    Know when and why to credit or debit transactions.
  •   Correctly record expenses into appropriate categories and sub-categories.
  •   Determine the accuracy of financial data.

element-grad-cap   ABILITIES EVALUATED

  • Ability to calculate basic accounting information (e.g., debits, credits, amounts due, interest charges, or discounts)
  • Ability to determine the mathematical accuracy of financial figures and data
  • Ability to use reporting tools to effectively record financial information

element-grad-cap   QUESTION FORMAT

  • Multiple Choice

element-grad-cap   LANGUAGE

  • English

element-grad-cap   DIFFICULTY

  • Easy

WHY TEST?

An attentive, organized bookkeeper understands the importance of accurately tracking and recording transactions, balancing ledgers, reconciling financial accounts, and distributing invoices in a timely manner. Properly managing a company’s budget, expenses, accounts, and payroll – combined with a sharp eye to catch inconsistencies and red flags – maximizes overall profitability and leads to successful day-to-day operations.

No matter the industry, a detail-oriented and knowledgeable bookkeeper can positively impact any team with the demonstrated ability to quickly make complex calculations, correctly allocate transactions, and ensure ledgers are debited or credited accordingly. Finding a skilled candidate who can help guarantee organizational success is one step easier with the use of this bookkeeping assessment.

The bookkeeping assessment predicts a job candidate’s ability to:

  •       Calculate a company owner’s equity based on a balance sheet that details current and noncurrent assets and liabilities.
  •       Properly record new company investment amounts.
  •       Evaluate vendor receipts and attribute expenses to the appropriate categories, such as repairs and maintenance, office supplies, wages, and marketing.

Use this bookkeeping assessment to quickly and easily automate the screening process for entry-level or experienced candidates, including bookkeepers, accounting technicians, budget managers, or any other applicable position that oversees or manages financial data and records.

EXAMPLE QUESTIONS

Sample Question #1

A company buys a new piece of equipment for $75,000. The equipment was purchased with $15,000 in cash and a $60,000 loan.

How should the company record the transaction?

1) ______ Equipment: $75,000, 2) ______ Cash: $15,000, 3) ______ Loan Payable: $60,000

1) credit, 2) debit, 3) debit
1) credit, 2) credit, 3) debit
1) credit, 2) credit, 3) credit
1) debit, 2) debit, 3) debit
1) debit, 2) credit, 3) debit

Sample Question #2

A company receives an invoice for the repair of a burst pipe. Which category and subcategory should be updated to reflect the invoice?

REVENUE AND COGS; Gross Sales
EXPENSES; Repairs and Maintenance
EXPENSES; Utilities
REVENUE AND COGS; Cost of Goods Sold
EXPENSES; Legal and Professional Fees

RELATED JOBS

  • Business Operations & Management
  • Finance
  • Accounting

ABOUT THE AUTHOR

The bookkeeping assessment content was developed by the Indeed Assessment Science Team, with expertise in Industrial/Organizational Psychology, Instructional Design, Education, and Graphic Design. In addition, team members worked in collaboration with subject matter experts (SMEs). Indeed’s SMEs are required to demonstrate experience performing at a high level, supervisory experience, or responsibility for defining requirements for those jobs that require accounting skills in bookkeeping.