Practice Test Geeks(CAP) Certified Accounting Paraprofessional Practice Test
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Accounting Paraprofessional Preparation and Exam Resources Flashcards

7 cards from real CAP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Accounting Paraprofessional Preparation and Exam Resources flashcards as text

  1. How many sections does the CAP exam typically consist of?

    Answer: 4 sections aligned with core competency areas

    The CAP exam is structured around four core competency areas: Accounting, Payroll, QuickBooks, and Tax.

  2. What is the passing score threshold commonly required for the CAP exam sections?

    Answer: 75%

    Candidates must typically score 75% or higher on each CAP exam section to earn a passing grade.

  3. A candidate fails one section of the CAP exam. What is the typical retake policy?

    Answer: They may retake only the failed section after a waiting period

    Candidates who fail a section may retake only that specific failed section, and sections already passed remain valid.

  4. In the context of CAP exam preparation, what does 'accrual basis accounting' mean?

    Answer: Revenue is recorded when earned and expenses when incurred, regardless of cash flow

    Accrual basis accounting records revenues when earned and expenses when incurred, regardless of when cash actually changes hands.

  5. Which depreciation method allocates equal expense amounts each year over an asset's useful life?

    Answer: Straight-line depreciation

    Straight-line depreciation spreads the cost of an asset evenly over its useful life, resulting in equal annual depreciation expense.

  6. For the CAP exam's payroll section, which federal tax form is used to report annual wages and withholdings to employees?

    Answer: Form W-2

    Form W-2 is provided by employers to employees annually, summarizing wages paid and taxes withheld for the year.

  7. What is the primary purpose of the QuickBooks section of the CAP exam?

    Answer: To assess proficiency in using accounting software for bookkeeping tasks

    The QuickBooks section tests candidates' ability to use accounting software for common bookkeeping functions like invoicing, payroll, and reporting.