Documentation – Practice Exam – Canadian

A gap in check numbers affects you as the bookkeeper.

What supporting documentation will you have to create for prepaid expenses?

When would you need to access the supporting documentation for goodwill? (Select all that apply.)

Can an Audit Trail help document an accurate balance for Accounts Payable?

You cannot create the payroll entry without access to the payroll report summary.

What can be used as supporting documentation for dividends? (Select all that apply.)

What documentation supports retained earnings and other equity accounts? (Select all that apply.)

If a direct cost transaction is purchased with a debit card, what documentation do you need for that transaction?

Your client rents out their space occasionally for bridal parties. What supporting documentation do you need to prove this is legitimately other income?

You will need to see the original loan documents to create an accurate amortization schedule.