NOCTI: Advanced Accounting Study Checklist

Please answer the following questions to determine where you need additional study or practice before the NOCTI Advanced Accounting Test.
Name: 


  1. Do you know how to journalize an opening entry (e.g., when starting a business)?
    Yes
    No


  1. Do you know how to interpret information contained in source documents (e.g., invoices, checks)?
    Yes
    No


  1. Do you know the principles and purpose of double-entry bookkeeping in the journalizing process (e.g., catching errors, accurately tracking various streams of money in a business, how and where to record various entries)?
    Yes
    No


  1. Do you know how to record entries in special journals (e.g., Cash Payments Journal, Sales Journal)?
    Yes
    No


  1. Do you know how to total and post special journals?
    Yes
    No


  1. Do you know how to adjust for bad debts using direct write-off or allowance methods?
    Yes
    No


  1. Do you know how to analyze transactions involving owner's equity (e.g., recording when an owner takes merchandise for personal use)?
    Yes
    No





Mrs. Ewert
Business Education Teacher
Beaverton High School
Beaverton, MI