Accounting Basic Trivia Questions For Beginners! Quiz

6 Questions | Total Attempts: 208

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Accounting Basic Trivia Questions For Beginners! Quiz

Accounting basic trivia questions for beginners is a good way for one to test out what basic knowledge they have about the accounting function. The accounting function is an important part of any organization as it ensures the finances are kept in check. The trivia below will send you on the right track. Give it a try and take up others like it!


Questions and Answers
  • 1. 
    What are the rules of nominal accounting?
    • A. 

      Debit all expenses and losses and credit all incomes and gains

    • B. 

      Debit all expenses and credit all incomes

    • C. 

      Debit all incomes and credit all expenses

  • 2. 
    Why we prepare Trial Balance?
    • A. 

      To know the accurate balances of Ledgers

    • B. 

      To know the balance sheet

    • C. 

      To get the final results

  • 3. 
    Where cash purchases will record?
    • A. 

      Purchases book

    • B. 

      Cash book

    • C. 

      Sales book

    • D. 

      Purchase returns book

  • 4. 
    What columns should be shown in a three-column cash book?
    • A. 

      Cash and bank columns only

    • B. 

      Discount column only

    • C. 

      Cash, bank and discount columns

    • D. 

      Bank column-1, bank column-2, discount column

  • 5. 
    From the following find out intangible assets?
    • A. 

      Good will, patents

    • B. 

      Buildings,land

    • C. 

      Car

    • D. 

      Cash

  • 6. 
    Purchases book has both debit and credit sides?
    • A. 

      True

    • B. 

      False