AY Honor Bookkeeping Requirements
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Bookkeeping
Skill Level
2
Year
1937
Version
23.11.2024
Approval authority
General Conference
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?
