Find the best starting point.

1. A trial balance shows revenue and deductions. Which total belongs on gross receipts?

Area: Trial balance mapping

2. Schedule L assets do not equal liabilities plus equity. What should you check first?

Area: Schedule L

3. A partner received guaranteed payments. Where should you separate them from ordinary income?

Area: Guaranteed payments

4. A K-1 has ordinary income and rental income. Which flow needs Schedule E review?

Area: K-1 allocations

5. Book meals differ from tax meals. Which concept does this test?

Area: M-1

6. A diagnostic says cash does not tie. Which fake source document is most relevant?

Area: Diagnostics

7. A loan payment includes principal and interest. Which part belongs on the balance sheet?

Area: Workpaper tie-outs

8. A source document supports a field, but the form is blank. What is the next review step?

Area: Source document review