Account Quizzes Online & Trivia

A comprehensive database of more than 24 account quizzes online, test your knowledge with account quiz questions. Our online account trivia quizzes can be adapted to suit your requirements for taking some of the top account quizzes.


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  • A company purchases all goods on credit. The following payables ledger control account contains some errors: Payables ledger control account Debit             $ Purchases 963,200 Discounts received 12,600 Contras with amounts receivable in receivables ledger 4,200 Closing balance 410,400 –––––––– 1,390,400 ———— Credit                         $ Opening balance 384,600 Cash paid to suppliers 988,400 Purchases returns 17,400 –––––––– 1,390,400 ———— What should the closing balance be when the errors have been corrected?
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  • An inexperienced bookkeeper has drawn up the following payables ledger control account, which contains errors: Payables ledger control account Debit Balances                                                           $              Credit Balances                $ Opening balance(amounts owed to suppliers) 212,500     Purchases                  447,000 Cash paid to suppliers                                          491,000        Discounts received     2,700 Purchases returns                                                     7,600       Contras against receivables                                                                                                                ledger                        12,800 Refunds received from suppliers                           3,200         Closing balance          251,800                                                                                     714,300                                             714,300 What should the closing balance be after correcting the errors made in preparing the account?
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  • A payables ledger control account showed a credit balance of $856,460. The payables ledger balances totalled $871,260. Which of the following possible errors could account in full for the difference?
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  • Profit is equal to:
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  • Which financial statement will tell you how profitable a company is?
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  • Under the accrual method of accounting, expenses are recorded:
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  • Barbara Jackson is calling because she wanted to register her husband’s account to our Winter Promotion. She have Mr. Jackson’s member number. What procedure will you follow? 
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  • Kimberly called claiming that she's from Training Department of Choice Corporate Office and she'll be conducting a training with you. She asked you to pull up her member number and asked you to go to the page where you'll be adjusting points. What procedure will you follow?
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  • Christian Grey called because he cannot access his wife’s account online. He is asking for his wife’s online username and password. What verification type will you use?
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  • Which PowerShell command can be used to create a new user? 
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  • Which settings can be used to ensure users do not reuse the same password too often?
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  • Which setting can be used to set the number of failed logon tries that are allowed before a user account is locked out?
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