Accounting is one of the most needed and well-sought-after careers. Are you excited about accounting? Do you think you know accounting? Take this quiz and find out. Every business, be it small or large, needs an accountant. The quiz below determines your knowledge of some basic accounting practices. Why not play this quiz with some of your friends for a fun learning time together; you can even compare scores! Wouldn't that be super fun? Give it a try, and all the best in your studies.
Money market chequing accounts
Certificates of deposit (CDs)
Travel advances to employees
Postdated cheques
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A current asset.
A contra account.
A non-current asset.
A current liability.
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Assessing creditworthiness of new or potential customers
Very loose or flexible credit terms to encourage sales
Offering discounts to encourage faster payment
Regular aged receivables analysis
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Cost and income of the employees
Company's tax records
Financial condition of an institution
All of the above
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Account receivable.
Bank overdraft.
Compensating balance.
Restricted cash.
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Journal
Nominal accounts
Voucher
A ledger
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Avoid frequent changes in catalogues.
Quote different prices for different quantities purchased.
Encourage faster payment.
Hide the true invoice price from competitors.
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Loans receivable.
Trade receivables.
Notes receivable.
Nontrade receivables.
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Profitability ratios
Activity ratios
Leverage ratios
None of the above
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Quiz Review Timeline (Updated): Nov 16, 2023 +
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Hello Class! Congrats for making it to this point.
Please give this your best shot!
Good Bless!
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