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Bookkeeping

Requirements

1. What is the difference between bookkeeping and accounting?

2. Define the following terms:

  • a. Asset
  • b. Liability
  • c. Credit
  • d. Debit
  • e. Posting
  • f. Trial balance
  • g. Voucher
  • h. Invoice
  • i. Interest

3. What is the difference between double-entry bookkeeping and single-entry bookkeeping?

4. What education is necessary to be a bookkeeper? What other education is helpful to a bookkeeping career?

5. What are some career fields that are related to bookkeeping?

6. Conduct an interview with your church treasurer, asking the following questions:

  • a. How much time do you spend each week at your job as church treasurer?
  • b. What do you do with the money collected in the offering plates?
  • c. How do you keep track of who contributed how much money?
  • d. What money is sent to the conference?
  • e. What money is kept in our local church?
  • f. Are your records ever reviewed by an accountant? How often?
  • g. How do you report the church finances to the church board?
  • h. How do you report the church finances to the conference?

Answer key & resources

Master awards

This honor counts toward:

Investiture Achievement

This honor is required, suggested or listed as an option in:

Patch history

Earlier designs of this patch. See all outdated insignia.

Old Bookkeeping patch

Bookkeeping

Changed in an unknown year

Bookkeeping used to be part of the Arts, Crafts and Hobbies category, but was changed to the Vocational category. This shifted the background color from light blue to red to reflect the category change.

Adapted from AY Honors/Bookkeeping on the Pathfinder Wiki, licensed under CC BY-SA 3.0. See the original page's history for its authors.
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