CB Bookkeeper Practice Questions - CB Certified Bookkeeper (AIPB) Exam - CB Bookkeeper Practice Questions

Question 1

Which timing is correct for a December consulting project completed on December 29 and billed on January 3 under accrual accounting?

Recognize revenue in December when the service was earned Recognize revenue when cash is collected on January 3 Record 50% when cash moves and 50% at month-end Do not record it until the financial statements are issued

Correct Answer:

Recognize revenue in December when the service was earned

Question 2

The cash ledger shows $9,650. The bank statement shows $10,010. Deposits in transit are $720, outstanding checks are $1,080, a bank service charge is $45, interest earned is $15, and an NSF check is $210. What is the adjusted cash balance?

$$9,650 $$9,705 $$9,620 $$10,010

Correct Answer:

$$9,650

Question 3

Which classification is most appropriate in this situation? A retail clerk works a repeating weekly schedule, is supervised by a store manager, and is paid hourly from the regular payroll cycle.

Employee Independent contractor Volunteer Temporary agency worker by default

Correct Answer:

Employee

Question 4

A machine cost $28,000, has $2,000 salvage value, and is expected to produce 130,000 units. It produced 18,000 units this year. Under units-of-production, what depreciation should be recorded for the year?

$$3,600 $$0.2 $$1.56 $$1.44

Correct Answer:

$$3,600

Question 5

Beginning inventory was 100 units at $10 each. Purchases were 80 units at $11 each, 70 units at $12 each. 140 units were sold. Under FIFO, what is ending inventory?

$$1,280 $$1,400 $$1,200 $$1,440

Correct Answer:

$$1,280

Question 1

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Prepare with the CB Bookkeeper Practice Questions - CB Certified Bookkeeper (AIPB) Exam practice quiz. This question bank includes 100 questions covering units, year, inventory, entry, and needed. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CB Bookkeeper Practice Questions - CB Certified Bookkeeper (AIPB) Exam

This practice set contains 100 questions from the matching question bank and focuses on units, year, inventory, entry, and needed. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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CB Bookkeeper Practice Questions - CB Certified Bookkeeper (AIPB) Exam

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