VIP Exclusive
CAP Certified Accounting Paraprofessional VIP Practice Exam
CAP — The Certified Accounting Paraprofessional (CAP) credential is awarded by the National Association of Certified Public Bookkeepers (NACPB); the exam covers accounting fundamentals, bookkeeping, payroll, and financial reporting across multiple topic modules with a recommended passing threshold of 75%.
29
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 29👑 VIP
Riverside Plumbing LLC has total assets of $142,500 and total liabilities of $67,800 at year-end. During the year, the owner withdrew $12,000 for personal use. Which of the following correctly states the owner's equity at year-end?
Questions 2–29 and full explanations are VIP-exclusive.