Accounting Self Study Guide for Staff of Micro Finance …
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Accounting Study Guide. Pre-test. 6. What does equity refer to? 7. What is the General Ledger and what is the difference between the General Journal …
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Accounting - Self Study Guide for Staff of Micro Finance Institutions
Pre-test
Objectives: Through the pre-test, you will gain a better appreciation for the subjects to be covered and your own current level of knowledge and understanding of them. Therefore, you should not be concerned if you are unable to answer any or all of the questions, as that is the purpose of this self study guide - to help you learn about accounting.
You should give yourself 45 minutes to complete it.
1. Write the names of the five Basic Accounting Principles?
i.
ii.
iii.
iv.
v.
2. What is the accounting equation?
Calmeadow 1Accounting Study Guide Pre-test
3. What is double-entry accounting? Give an example.
4. Draw the balance sheet format? What information does it provide?
5. What does the income statement show? Define revenues and expenses?
Calmeadow 2…
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