Written Test – Basic Accounting Questions In the initial stage, candidates often face a written test designed to assess fundamental accounting knowledge. This test may include: Basic Concepts: Questions covering accounting principles (e.g., the accounting equation, double-entry system, and the accrual basis of accounting). Journal Entries & Ledger: Practical exercises such as preparing journal entries, posting to ledgers, and creating trial balances. Financial Statements: Tasks related to drafting or interpreting balance sheets, income statements, and cash flow statements. Reconciliation & Adjustments: Questions on reconciling bank statements, adjusting entries (like accruals and deferrals), and error detection. Calculations: Exercises that involve computing depreciation, amortization, or inventory costing methods.