Accounting Quizzes & Trivia
Top Trending Quizzes
Here is an interesting conceptual framework quiz that is designed to test your knowledge of this subject. The conceptual framework can be described as a written or visual representation of an expected relationship between...
Questions: 41 | Attempts: 72344 | Last updated: Jan 16, 2022
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Sample QuestionThe purpose of the Conceptual Framework is:
Questions: 25 | Attempts: 6470 | Last updated: Feb 12, 2021
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Sample QuestionThe Accounting Equation is
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: 10905 | Last updated: Jul 7, 2021
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Sample QuestionWhich financial statement displays the revenues and expenses of a company for a period of time?
Do you know how to answer accounts questions? Would you be able to pass this quiz? According to this quiz, you must be aware of where bills payable is shown, what is considered an asset, what is a liability, what is the meaning...
Questions: 50 | Attempts: 6257 | Last updated: May 26, 2021
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Sample QuestionBills Payable A/c is shown in the balance sheet under the head.
Questions: 10 | Attempts: 11169 | Last updated: Jan 19, 2022
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Sample QuestionA source document is:
Recent Quizzes
Questions: 70 | Attempts: 226 | Last updated: Feb 8, 2021
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Sample QuestionThe balance in a sales ledger control account indicates:
Accounting concepts are out in place to ensure that accounting processes are uniform. An accountant must have a good understanding of these concepts. Did you know that once a business chooses to use a specific accounting...
Questions: 10 | Attempts: 135 | Last updated: Oct 5, 2020
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Sample QuestionWhich one of the following is a current liability?
Welcome to the Accounting Concepts Knowledge Quiz. There are different guidelines to follow when it comes to bookkeeping, and they include accounting concepts, principles, and laws. Revenue is only recognized when there is a...
Questions: 10 | Attempts: 107 | Last updated: Oct 5, 2020
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Sample QuestionAccrual concept is based on
Questions: 5 | Attempts: 37 | Last updated: Jul 8, 2021
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Sample QuestionThe functions of the Sales Office include
Questions: 20 | Attempts: 85 | Last updated: Jul 8, 2021
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Sample QuestionIf the actual overhead is $152,000 and the flexible budget overhead for actual production is $151,000, the controllable overhead variance is Select one:
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Questions: 15 | Attempts: 173 | Last updated: Feb 9, 2021
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Sample QuestionA company had a doubtful debt provision of £14,000 on 31 December 2008. Its trade receivables at 31 December 2009 were £198,200. The company considers that receivables totaling £12,200 will not be paid and in addition planned to make a doubtful debt provision for 10% of its net receivables on 31 December 2009. What is the charge for bad and doubtful debts in the income statement for the year ended 31 December 2009?
MGT101 : This is a trivia questions quiz designed to test your financial accounting knowledge! For you to be a skilled accountant, you need to have enough information about all the principles of accounting and how to record every...
Questions: 40 | Attempts: 132 | Last updated: Jan 17, 2020
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Sample QuestionProper recording of any dealing between two persons involving money or a valuable thing is called ________
Test Your Accounting Concepts Knowledge using this Trivia Questions Quiz. Accounting is a major department in any organization as it is tasked with collection, recording and use of funds as needed to meet the objectives of the...
Questions: 10 | Attempts: 73 | Last updated: Nov 19, 2019
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Sample QuestionCosts incurred to increase the operating efficiency, productive capacity, or useful life of a plant asset referred to as--------
Do you know how to classify accounts? Accounts classified as asset accounts, liability accounts, capital, or owner’s equity accounts, withdraw accounts, revenue or income accounts and express accounts. The five major...
Questions: 20 | Attempts: 178 | Last updated: Apr 6, 2021
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Sample QuestionJones Payable
Have you ever heard of the chart of accounts? A chart of accounts is a list of financial accounts set up, usually by an accountant, for a corporation and available for the bookkeeper's use for recording transactions in the...
Questions: 15 | Attempts: 90 | Last updated: Apr 6, 2021
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Sample QuestionThe chart of accounts has a list of:
Questions: 10 | Attempts: 180 | Last updated: Sep 29, 2020
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Sample QuestionWhat is the full meaning of GAAP?
Questions: 29 | Attempts: 52 | Last updated: Jul 8, 2021
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Sample QuestionThe Accounting Equation is: ASSETS = LIABILITIES + OWNER'S EQUITY OR ASSETS - LIABILITIES = OWNER'S EQUITY
Hello Class! Congrats for making it to this point.
Please give this your best shot!
Good Bless!
Questions: 30 | Attempts: 61 | Last updated: Jul 8, 2021
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Sample QuestionThe Accounting Equation is: ASSETS = LIABILITIES + OWNER'S EQUITY OR ASSETS - LIABILITIES = OWNER'S EQUITY
Cost accounting is a process of classifying, recording, analyzing summarizing, evaluating and assigning different courses of action for cost control. With that point made, how well ro you think you'll pass this quiz.
Questions: 10 | Attempts: 143 | Last updated: Jul 8, 2021
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Sample QuestionCost accounting information is commonly used in?
CMU-CBM 2017-2018
Questions: 32 | Attempts: 125 | Last updated: Dec 15, 2017
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Sample QuestionThe process of understanding and specifying in detail what the information system should accomplish is called systems ____.
A professional accountant is expected to set up books of accounts using transactions undertaken by the business daily. The accounts should reflect a true view of the financial position of the company. Do take up this quiz and...
Questions: 44 | Attempts: 79 | Last updated: Oct 5, 2020
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Sample QuestionThe Income Statement Accounts are referred to as:
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 point. What do you know about the double-entry...
Questions: 20 | Attempts: 100 | Last updated: Oct 5, 2020
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Sample QuestionThe goal of managerial accounting is to provide the information that managers need for all of the following EXCEPT:
What you see here is what is known as the Ultimate accounting quiz and most of the people who gunner over half the marks have what it takes to be certified in the field. Do you think you have what it takes to tackle it? Well,...
Questions: 34 | Attempts: 718 | Last updated: Jul 30, 2019
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Sample QuestionWhich of these is not included as a separate item in the basic accounting equation?
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Questions: 8 | Attempts: 59 | Last updated: Feb 4, 2021
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Sample QuestionThe Payment Voucher is sometimes approved by the accounts clerk.
Questions: 5 | Attempts: 43 | Last updated: Jul 8, 2021
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Sample QuestionFinancial Statements do not consider
To check the basic accounting knowledge of the participant.
Questions: 21 | Attempts: 205 | Last updated: Jul 11, 2018
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Sample QuestionProfit is equal to:
Questions: 113 | Attempts: 96 | Last updated: Sep 20, 2018
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Sample Question1.1. One of IASB’s responsibilities is to enforce the implementation of its standards to ensure that the objective of high quality financial reporting is achieved
Here we are with The Accounts Receivable Quiz. There are different types of customers that a business has, and debtors give rise to accounts receivables, representing the money expected by the company from the clients who...
Questions: 11 | Attempts: 73 | Last updated: Sep 28, 2020
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Sample QuestionWhich version/s are the new A/R changes going to affect when released?
Do you know anything about accounting? Would you be ready for an accounting exam? Accounting is the measurement, processing, and communication of financial and non-financial data concerning economic items such as businesses and...
Questions: 38 | Attempts: 54 | Last updated: Feb 25, 2021
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Sample QuestionA formal written statement of management's plans for the future, expressed in financial terms, is a:
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Popular Quizzes
Here is an interesting conceptual framework quiz that is designed to test your knowledge of this subject. The conceptual framework can be described as a written or visual representation of an expected relationship between...
Questions: 41 | Attempts: 72471 | Last updated: Jan 16, 2022
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Sample QuestionThe purpose of the Conceptual Framework is:
Are you ready for a quick account knowledge quiz? 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...
Questions: 8 | Attempts: 21417 | Last updated: Sep 14, 2020
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Sample QuestionWhat is stockholders' equity?
Questions: 10 | Attempts: 11212 | Last updated: Jan 19, 2022
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Sample QuestionA source document is:
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: 10970 | Last updated: Jul 7, 2021
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Sample QuestionWhich financial statement displays the revenues and expenses of a company for a period of time?
Questions: 10 | Attempts: 10615 | Last updated: Apr 19, 2021
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Sample QuestionThese are economic resources with the ability or potential to provide future benefits?
Questions: 25 | Attempts: 6556 | Last updated: Feb 12, 2021
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Sample QuestionThe Accounting Equation is