10 exam-style questions with answers and explanations, straight from our 1,051-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
These 10 free CB questions are organized by exam domain, so you can see how each part of the Certified Bookkeeper (CB) blueprint is tested. Reveal the answer and explanation under each question.
Your company collects a $20,000 advance on a $100,000 job and credits Unearned Revenue. At year end, your company has completed 12% of the job. What adjusting journal entry do you record?
Correct answer: C - Dr. Unearned Revenue $12,000 / Cr. Revenue $12,000
On September 1, your company received $24,000 for a 12-month service contract and credited Service Revenue. What is the December 31 adjusting entry?
Correct answer: A - Dr. Service Revenue $16,000 / Cr. Unearned Revenue $16,000
The Supplies account shows a balance of $1,900. A physical count on December 31 finds $400 of supplies still on hand. What is the adjusting entry?
Correct answer: B - Dr. Supplies Expense $1,500 / Cr. Supplies $1,500
An aging of receivables indicates $6,000 of accounts will be uncollectible. The Allowance for Doubtful Accounts currently has a $1,400 DEBIT balance. What is the adjusting entry for bad debt expense?
Correct answer: D - $7,400
Which of the following reconciling items requires a journal entry on the company's books?
Correct answer: C - A customer's check returned by the bank marked NSF for insufficient funds
In preparing the bank reconciliation, you discover that a check written for $429 to pay a utility bill was recorded in the company's books as $492. How is this handled?
Correct answer: A - Add $63 to the book balance
A trial balance is out of balance by $270. Which error should you suspect FIRST?
Correct answer: C - A transposition error
All of the following errors will cause a trial balance to be out of balance **EXCEPT:**
Correct answer: B - A $500 debit was posted to Rent Expense instead of Utilities Expense
A non-exempt employee earns $20.00 per hour and works 45 hours during the week. She also earns a $90 nondiscretionary production bonus for that week. What is her total gross pay for the week?
Correct answer: B - $1,045.00
An employee's year-to-date wages reach $215,000 in December. Regarding the 0.9% Additional Medicare Tax on the wages above $200,000, the employer must:
Correct answer: B - Withhold 0.9% from the employee and pay no matching amount
The CB exam also covers these domains. Drill them in the full free practice test:
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