Accounting 301 General Information

*** The Accounting Pre-Test has been canceled by the Accounting Department, if you would like more information conatact them directly at 415.338.1107.***


Passing the Accounting 301 Pretest is a prererequisite for students enrolling in ACCT 301, Intermediate Financial Accounting. The exam is administered by the Testing Center. It consists of thirty (30) multiple choice questions covering double entry bookkeeping and the accounting cycle. Students have ninety (90) minutes to complete the test. The passing score is 70% or 21 correct answers. No aids are allowed during the exam. As of January, 2012, you may take the exam a maximum of two times.

Students may prepare for the pretest by studying any introductory financial accounting textbook which includes material on the double entry bookkeeping system (i.e., debits and credits). Most introductory financial accounting textbooks cover this material. A more efficient method of preparation is studying the review chapter, usually chapter three, of any intermediate financial accounting textbook.


Registration and Payment


A passing score is 70% or 21 correct answers. You may retake the exam one time. If you do not pass the second time, contact the Accounting Department to find out your options.

To locate your score login to your SF State Gateway, click Academics and then click Test Score Report (Note this is not through your student center). Scores will appear within 5 days of the exam.

Scores will also be posted outside the Accounting Department office.


This study guide for the Accounting 301 Pretest can be found below:

Accounting 301 Pretest Study Guide

Sample questions

1. Debits:

a. increase expenses and decrease assets. 
b. increase equities and decrease liabilities. 
c. decrease liabilities and increase expenses. 
d. increase assets and increase revenues. 
Answer to Question 1 : C
2. If a company borrows money in the form of an interest bearing note payable, then at the end of the accounting period the company is likely to make an adjusting entry: 
a. debiting interest receivable and crediting interest payable. 
b. debiting interest receivable and crediting cash. 
c. debiting interest expense and crediting cash. 
d. debiting interest expense and crediting interest payable. 
Answer to Question 2: D
3. The matching principle states that 
a. for every debit there is an equal credit. 
b. total assets must match total liabilities and owners' equity. 
c. expenses should be recognized in the same accounting period in which they generated revenue. 
d. total debits equal total credits. 
Answer to Question 3: C