Accounting Quizzes & Trivia

Do you think you are ready for our accounting quiz? Accountancy is a well respected profession and one which requires skill and vigilance, the qualities you will need for this quiz! What is accounting the language of? Who are the Big Four? Where did accounting first emerge? What was the Enron scandal? Can you name three different subfields of accounting? What is the difference between auditing and taxation? Do you think you know the answers to the questions?

These are just a sample of the questions you will face in our accounting quiz! So get your pen and paper out, maybe do a few calculations test yourself now! Do the right calculations and you may well come out on top! We wish you luck!
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For a business to prosper what they need most is funding which can come through investments, cash or selling their shares. What do you understand about these different types of funding and their treatment in the books of...

Questions: 7  |  Attempts: 16159   |  Last updated: Jun 16, 2020
  • Sample Question
    What is stockholders' equity?

Accounting is a tool to record and analyze the financial condition and performance of the business. Some people simply can’t understand the stats and figures. But some possess deep knowledge and concepts about...

Questions: 10  |  Attempts: 6144   |  Last updated: Jun 16, 2020
  • Sample Question
    Which financial statement displays the revenues and expenses of a company for a period of time?

Questions: 10  |  Attempts: 5534   |  Last updated: Jun 25, 2020
  • Sample Question
    A source document is:

If you are planning to be a successful accountant you must ensure you have all the vocabularies used in the field in your mind together with the meanings. Do you believe you know them all? Take up this very easy quiz and...

Questions: 16  |  Attempts: 878   |  Last updated: Jul 4, 2018
  • Sample Question
    Planning, recording, analyzing, and interpreting financial information

Study guide for test # 1 in managerial accounting, chapters 1-3.

Questions: 20  |  Attempts: 3311   |  Last updated: Aug 21, 2018
  • Sample Question
    Which of the following is NOT true regarding ERP?

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Accounting Questions & Answers

What is the meaning of owner's equity? A. The difference between the total assets and total liabilities of a business2. A portion of total assets that has been bought using the owner’s...
Home equity is the market value of a homeowner’s interest in their real property. It is the difference between the home’s fair market value and the outstanding balance of all liens on the property. They also benefit from an increase in eq
What are the entries to revenues accounts such as Service Revenues usually called?
The answer to this question is definitely CREDIT. Think about a cash sale. Your cash will increase, so you debit cash; therefore, your entry on the revenue side MUST be credit. Revenue is also on the right side of the Accounting equation, where it ro
What is the difference between CAT and AAT?
CAT and AAT are two different qualifications. However, many people don’t know their differences. CAT is the acronym for Chartered Certified Accountant, and AAT is the acronym for Association of Accounting Technicians. Although both qualificatio
What is a source document?
1. The origin of the information that is recorded into the accounting books