Finance And Accounts Questions! Trivia Quiz

10 Questions | By Dzaros | Updated: Mar 21, 2022 | Attempts: 92

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Finance And Accounts Questions! Trivia Quiz - Quiz

Finance and accounts questions trivia quiz. Finance and accounts are interconnected with each other and there is no way one can study in one field without learning some of the basic concepts surrounding the other. In the quiz below you will get to test your finance and accounting knowledge ranging from accounts receivable to different transactions. Give it a try and get to refresh your memory. All the best as you tackle it!

Questions and Answers

1.

Within how many hours of the deal itself must other transactions flow in order to display as selectable discoveries?
- A.
  
  5 hours
- B.
  
  1 hour
- C.
  
  3 hours
- D.
  
  2 hours
- E.
  
  None of the above
2.

Which statement accurately describes Electricity?
- A.
  
  Must be generated and used in real time.
- B.
  
  Wholesale quantities move across the electric grid following the path of least resistance.
- C.
  
  Unable to store electricity.
- D.
  
  All of the above.
- E.
  
  None of the above.
3.

The journal type "SJ" stands for.................
- A.
  
  Settlement Journal
- B.
  
  Standard Journal
- C.
  
  Solomon Journal
- D.
  
  Sales Journal
- E.
  
  None of the above
4.

Leaving a payable invoice as "Open" and "Provisional" in CXL still guarantees that TEA will make payment as long as the 3rd party's invoice is attached as well.
- A.
  
  True
- B.
  
  False
5.

When a deal is cut, the transmission should be cut too since the deal did not flow at the original amount.
- A.
  
  True
- B.
  
  False
6.

Which of the following companies would not be part of an FCBBS transaction?
- A.
  
  TECO
- B.
  
  PEF
- C.
  
  DUK
- D.
  
  GRU
- E.
  
  OPC
- F.
  
  NSB
- G.
  
  None of the above
7.

A curtailment can also be referred to as a(n) .........
- A.
  
  TSR
- B.
  
  FTR
- C.
  
  ATC
- D.
  
  TLR
- E.
  
  PSE
- F.
  
  None of the above
8.

The deadline to have Account Recs updated and finalized for a given month is the..............
- A.
  
  2nd business day
- B.
  
  10th calendar day
- C.
  
  3rd business day
- D.
  
  5 calendar day
- E.
  
  4th business day
- F.
  
  None of the above
9.

The buyer's interface dictates which market a transaction will be settled in.
- A.
  
  True
- B.
  
  False
10.

Transaction price can be defined as charges that TEA receives or pays to a Member, Partner, or third party for energy at a specific Delivery Point.
- A.
  
  True
- B.
  
  False