QUESTIONING TOOL

Satisfactory
Questions to probe the trainee’s underpinning knowledge
response
Extension/Reflection Questions Yes No
1. What is the difference of asset, liability and capital in
accounting method?
Model answer: Asset is items that the company owns that
have value while liability is a money that the company owes  
to others and capital is at portion of the total assets that
the owners or stockholders of the company fully own.
2. What precaution must you take when summarizing
ledger?
Model answer: A proper posting and recording in ledger by  
chronological order.
3. What is the significance of ledger in the accounting
process?
Model answers: A ledger is a report that provides a detailed  
description that makes up the balances in the account.
Contingency Questions
4. How many columns are there in a ledger? State its  
purpose
Model answer: There are 6 columns

The date column indicate that this bookkeeping ledger is for the

month of;

There is very little information in the description column

because these details can all be found in the journal.

The reference column is the page number in the journal from

which each transaction is taken from.

The debit column (left-hand side of the 'T') increases the bank

account.

The credit column (right-hand side of the 'T') decreases the

bank account.

In each transaction the debit and credit columns are totaled.

 5. What if balances are not equal?  
Model answer: Check to ensure that for every transaction, a
debit recorded in one ledger account has been matched with a
credit in another. 
6. What is the purpose in posting the transactions to their  
corresponding ledger?
Model answer: To record all the financial transactions by
account.
Job Role/Environment Questions
7. What is the role of a bookkeeper?  
Model answer: The role of a bookkeeper within an
organization is therefore to maintain the financial records
of an organization by recording transactions on a daily
basis.
8. What are the qualities of a good bookkeeper?  
Model answer:
 Being organized
 Possessing good communication skills
 Having an enquiring mind
 Having qualifications
 Being happy working with computers and the Internet
 Maintaining a sound knowledge of a well-known
accounting software package
Rules and Regulations
9. What are the steps in transferring journal entries?  
Model answer: The Process of transferring journal entries to
the ledger is called POSTING, once journal gets posted it
can be viewed in the ledger, and after posting the entries
only it will be hitting in the Balance sheet schedules.
10. How to locate the corresponding account title in  
the ledger?
Model Answer: The account titles are found on the business'
general ledger, which is a running list of all these
transactions. When compiled by an accountant, the general
ledger accounts combine to form the company's financial
statements. 
The trainee’s underpinning  Satisfactory  Not
knowledge was: Satisfactory
Trainee’s Signature Date:
Trainer’s Signature Date: