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Account Quizzes, Questions & Answers

Account Quizzes offer an educational exploration of accounting principles, financial statements, and the practices involved in managing and recording financial transactions. These quizzes cover various aspects of accounting, including the fundamentals of bookkeeping, financial analysis, budgeting, and auditing. Read More

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Did you know accounts receivable are legally enforceable claims for payment arranged by a business for goods or services supplied that customers have ordered but not paid? For this quiz, you must know things like what the...

Questions: 18  |  Attempts: 1488   |  Last updated: Mar 21, 2023
  • Sample Question
    What is the transaction code to Display a Document?
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This quiz covers key operations in SAP's Accounts Payable module, including T-codes for viewing and managing vendor data, and processing invoices with or without purchase orders.

Questions: 15  |  Attempts: 736   |  Last updated: Aug 31, 2023
  • Sample Question
    T code to be used to view the vendor master.
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Dive into the Theory of Accounts with this engaging MCQ quiz! Test your knowledge on financial standards, equity securities, and investment accounting. Perfect for learners aiming to understand complex financial reporting and...

Questions: 10  |  Attempts: 1060   |  Last updated: Mar 21, 2023
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    A company has adopted Statement of Financial Accounting Standards No. 115, Accounting for Certain Investments in Debt and Equity Securities (as amended by SFAS 130). It should report the marketable equity securities that it has classified as trading at:
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This F3 Control Accounts quiz assesses understanding of payables ledger control accounts, including error corrections and reconciliations. It tests skills crucial for accounting accuracy and financial compliance, making it...

Questions: 5  |  Attempts: 660   |  Last updated: Mar 21, 2023
  • Sample Question
    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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Dive into the Account Classification Quiz: Trivia Test! This quiz assesses your knowledge of different financial account types, including assets, liabilities, and owner's equity. Perfect for learners enhancing their accounting...

Questions: 10  |  Attempts: 718   |  Last updated: Mar 22, 2023
  • Sample Question
    Operating equipment?
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