This Accounting MCQ Practice Quiz assesses key financial concepts, including cost-volume-profit analysis, break-even points, and income statement classifications. It's ideal for learners aiming to enhance their understanding of essential accounting practices and financial decision-making.
$42.50
$85.00
$4.55
$9.10
Rate this question:
$4.69
$3.90
$1.11
$3.06
Rate this question:
4,500
3,652
4,596
3,350
Cost-volume-loss analysis
Cost-sales-expense analysis
Cost-volume-profit analysis
Expense-sales-volume analysis
Rate this question:
$45,300
$35,000
$5,500
$39,900
6,361
3,794
833
5,982
$5.20
$2.90
$2.80
$3.40
Rate this question:
Balanced CVP
Normal sales volume
A net balance
Break-even
Rate this question:
$1,425
$2,000
$1,000
$800
Rate this question:
$1.20
$0.42
$0.21
$0.48
Rate this question:
$0.56
$0.64
$2.00
$0.53
3,889
1,750
3,182
2,500
Rate this question:
Contribution income statement
Absorption income statement
Full-costing income statement
Functional income statement
Rate this question:
$23,000
$10,500
$7,500
$4,500
$6,000
$2,100
$3,900
$2,400
Cash-basis income statement
Single-step income statement
Contribution income statement
Functional income statement
Rate this question:
Contribution margin per unit
Break-even point in units
Contribution margin ratio
Gross profit point
Rate this question:
$10,100
$9,700
$14,700
$20,000
Variable cost per unit changes as activity changes within the relevant range.
Total fixed costs change in the relevant range.
All costs can be classified as either fixed or variable.
Fixed cost per unit is constant within the relevant range.
Rate this question:
Product and mixed
Period and fixed
Product and period
Fixed and variable
Rate this question:
$9,000
$12,222
$10,000
$5,500
Rate this question:
Optimum gross margin
Contribution margin
Contribution margin ratio
Break-even point
Rate this question:
Contribution income statement
Full-costing income statement
Absorption income statement
Functional income statement
Rate this question:
$1.20
$7.86
$11.00
$8.00
Quiz Review Timeline (Updated): Mar 22, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
FINAL EXAM- FUNDAMANTALS OF ACCOUNTING
This final exam tests fundamental accounting principles, covering balance sheets, economic events, asset categorization, and cost-related terms.
Questions:
74 |
Attempts:
239 |
Last updated:
Mar 21, 2023
|
ACCOUNTING 1 MIDTERM PRE-EXAMINATION
This pre-examination for ACCOUNTING 1 MIDTERM assesses knowledge on inventory systems, cost of goods sold, and financial statements accuracy. It evaluates understanding of key...
Questions:
80 |
Attempts:
619 |
Last updated:
Mar 22, 2023
|
Audit, Tax, Or Advisory? Find Your Path!
Time to find out which practice is suitable for you!
Questions:
7 |
Attempts:
1954 |
Last updated:
Mar 15, 2022
|
ACCOUNTING 1 (SUMMER 2018)
Hello Class! Congrats for making it to this point.
Please give this your best shot!
Good Bless!
Questions:
30 |
Attempts:
283 |
Last updated:
Apr 10, 2024
|
|
Intelligent Accounting Masterclass Quiz 1
This quiz covers key accounting concepts, including software, historical figures, bookkeeping drawbacks, and specifics of Intelio implementation.
Questions:
8 |
Attempts:
97 |
Last updated:
Apr 10, 2023
|
Basic Accounts Quiz: Trivia Exam!
Accounting is all about the proper reporting of business transactions in the correct books of accounts. This is done to correctly show how the company finances stand at a given...
Questions:
20 |
Attempts:
181 |
Last updated:
Mar 19, 2023
|
Wait!
Here's an interesting quiz for you.