Accounting is a tool to record and analyze the financial condition and performance of the business. Some people simply can’t understand the stats and figures. But some possess deep knowledge and concepts about accounting principles. This quiz has been created to test your knowledge about the fundamental rules and principles of accounting. So, let's try out the quiz. All the best!
Income Statement
Balance Sheet
Cash Flow Statement
Statement of Stockholder's Equity
Organize Financial Information
Provide Useful, Financial Information to Outsiders
Keep Track of Company Expenses
Minimize Company Taxes
Assets
Revenues
Liabilities
Stockholder's Equity
Debit
Credit
Collected
Earned
Contracted
Readily Available for use
General Journal
General Ledger
T- Account
Ledger Account
Debit
Credit
Contra
All of the above
Accounts payable
Accrued Expenses
Cash
Notes Payable
Journal Entry
Ledger
Trial Balance
Bank Reconciliation Statement
Trial Balance
Balance Sheet
Journal
Ledger
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Here's an interesting quiz for you.