VIP Exclusive
AFC Accounting Fundamentals Certification VIP Practice Exam
AFC — The Accounting Fundamentals Certificate (AFC) is issued by the National Bookkeepers Association (NBA); the exam consists of approximately 40 multiple-choice questions covering core bookkeeping and accounting principles, with a passing score of 75% and a 90-minute time limit.
52
Questions
90m
Time Limit
75.00%
To Pass
Question 1 of 52👑 VIP
Ridgeline Consulting starts the month with total assets of $142,500, total liabilities of $58,300, and owner's equity of $84,200. During the month, the owner withdraws $6,000 for personal use and the business earns net income of $11,400. What is owner's equity at the end of the month?
Questions 2–52 and full explanations are VIP-exclusive.