Principles of Accounting and formulas

[Silky1]

For those who have taken the Principles of Accounting CLEP. How much of the exam required the memorization of formulas?

[ShotoJuku]

[SIZE="3"]I never took this one, however I believe that there may be some established threads here somewhere - Good Luck![/SIZE]

[Johanna]

It's hard to know how to answer that question. You are not going to be asked to recite formulas, but to arrive at the right answer you will need to know what formulas apply and how to apply them so you do need to know them and how to work with them. I hope that helps. Good luck on your exam - I don't think it's terribly difficult.