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Payroll Accounting
CPA Exam and other accounting test preparation is best done by working problems that will be similar to the test format. Many standardized exams are formatted to have many multiple choice and short answer problems. These can be difficult because they often limit information and force us to back into numbers in ways that may not be typical for longer problems. These test format question need to be practiced.
1100.10 Test questions Part 1 – Payroll and Current Liabilities
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CPAExamLectureExampleProblemCalculationBasics101Financial accountingGeneral ledgerFinancial statementDebitCreditBookkeepingJournal entriesJournalPostingPostT accountBalance sheetIncome statementEquityAssetsLiabilitiesAccounting equationRecordDouble entryBalanceTransactionAccountReconcileAccounts receivableCOGSCost of Goods SoldGenerally Accepted Accounting PrinciplesGAAPProfit and LossAccrualTrail balance