ICBUSA’s own syllabus and exams are helping to set a uniform standard for the bookkeeping profession in the USA.
Clients, CPAs, and employers will be able to opt for ICB Bookkeepers so they can have peace of mind that their business is being taken care of by one of the best.
Qualifications can be taken at any time and most are online to allow maximum flexibility.
Scroll through our Sample questions below to get a feel for our exam papers:
SAMPLE MOCK EXAM QUESTIONS
1-John opens his business with $5000.00 in a business bank account, an automobile valued at $3000.00 and some office equipment valued at $1500.00. What will be the value of his capital?
2-Smith, Inc. is registered to collect sales tax and creates an invoice to Edwin, LLC for $560.00 plus sales tax (6%). How will the transaction be entered into Smiths's books of account?
a) Debit Sales Account $593.60, Debit Sales Tax Payable Account $33.60, Credit Accounts Receivable 560.00
b) Debit Sales Account $560.60, Debit Sales Tax Payable Account $33.00, Credit Accounts Receivable $593.60
c) Credit Sales Account $593.60, Credit Sales Tax Payable Account $33.60, Debit Accounts Receivable $560.00
d) Credit Sales Account $560.00, Credit Sales Tax Payable Account $33.60, Debit Accounts Receivable $593.60
1-The Accounts Payable account for January contained the following information:
Opening balance $2850
Closing balance $3950
Payments to vendors $3500
Purchase returns $240
What was the value of purchases in the month?