AWRA OpsHub Search

Month-End Close — Assessment

10 questions · 75% to pass · graded instantly. Pass and your certificate is issued automatically.

1. A manual journal has a debit of KES 12,500.00 and credits totalling KES 12,499.50. What happens when you post it?
2. A clerk in the Finance department enters a courier bill used by the Sales department. Which department tag should the bill carry?
3. A generator cost KES 1,200,000, has a salvage value of KES 240,000 and is depreciated straight line over 48 months. What is the monthly charge?
4. Nobody posted depreciation for July. In August the accountant posts August. What happens?
5. An asset was bought through a purchase order, which already posted it to the fixed asset account. What should you choose as the account to put it on the books from, when setting up depreciation?
6. A machine with a cost of KES 800,000 and accumulated depreciation of KES 500,000 is sold for KES 250,000. What does disposal book?
7. October was closed early, on the 30th. On 31 October the till keeps selling. What happens to those sales?
8. What does AWRA require to reopen a closed period?
9. A bank reconciliation shows a difference of KES 1,800 and one statement line still unmatched. What can you do?
10. Why should depreciation never be posted by manual journal as well as from the register?

Your details for the certificate

This is the name that will appear on your certificate.

Graded server-side. No peeking at answers in the page source.