Performance Test

Specific Instruction for the Candidate

Qualification BOOKKEEPING NCIII
Unit of Competency PREPARE JOURNAL TRANSACTION
General Instruction: Given the materials, tools and equipment, you are required to
prepare, analyze documents and prepare journal entry in accordance with the established
standard procedure.
Time Duration: 2 Hours
1. Wear your personal protective equipment.
2. Gather the materials, tools, equipment, and forms needed.
3. Identify and determine the nature of business based on client information.
4. List the assets, liability, equity, income and expenses account titles prepared in
accordance with industry practice.
5. Gather, verify and check documents in accordance with verification and validation
process.
6. Selects account titles in accordance with standard selection processes.
7. Preparation of journals in accordance with the industry practice and generally
accepted accounting procedures and principles reporting standards for transactions
and events.
8. Determine debit and credit account titles in accordance with chart of accounts.
9. Explanation to journal entry is prepared in accordance with the nature of
transaction.
10. Preparation of journal entries with 100% accuracy.

Performance Criteria Checklist

CRITERIA YES NO
Did you….

BOOKKEEPING NC III Date Developed:

June 10, 2022
Issued by:
Page 1 of 01
Developed by:
Rosechel C.
Labilles Revision
1. Wear Personal Protective Equipment?

2. Gather the materials, tools, equipment, and forms needed

3. Identify and determine the nature of business based on client

information.

4. Listed the assets, liability, equity, income and expenses

account titles prepared in accordance with industry practice
5. Documents are gathered, checked and verifies in accordance
with verification and validation process
6. Account titles are selected in accordance with standard
selection processes

7. Journals are prepared in accordance with the industry

practice and generally accepted accounting procedures and
principles reporting standards for transactions and events.

8. Debit and credit account titles are determined in accordance

with chart of accounts.

9. Explanation to journal entry is prepared in accordance with

the nature of transaction

10. Prepared journal entries with 100% accuracy.

BOOKKEEPING NC III Date Developed:

June 10, 2022
Issued by:
Page 1 of 01
Developed by:
Rosechel C.
Labilles Revision