Bookkeeping

 

Category:  Vocational

Skill Level:  2

Original Honor:  1937

 

Adventsource Honors Handbook PDF

Adventsource Catalog: #005160 Patch Order (must have approved order login)

Wikibooks.org Article/Answer Key

 

Originating Institution:  General Conference

 

Requirements:

 

1. What is the difference between bookkeeping and accounting?

2. Define the following terms:

a. Asset

b. Liability

c. Credit

d. Debit

e. Posting

f. Trial balance

g. Voucher

h. Invoice

i. Interest

3. What is the difference between double-entry bookkeeping and single-entry bookkeeping?

4. What education is necessary to be a bookkeeper? What other education is helpful

to a bookkeeping career?

5. What are some career fields that are related to bookkeeping?

6. Conduct an interview with your church treasurer, asking the following questions:

a. How much time do you spend each week at your job as church treasurer?

b. What do you do with the money collected in the offering plates?

c. How do you keep track of who contributed how much money?

d. What money is sent to the conference?

e. What money is kept in our local church?

f. Are your records ever reviewed by an accountant? How often?

g. How do you report the church finances to the church board?

h. How do you report the church finances to the conference?