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!

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: 6634   |  Last updated: Jul 4, 2018
  • 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: 2578   |  Last updated: Feb 12, 2019
  • Sample Question
    Which financial statement displays the revenues and expenses of a company for a period of time?

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

Questions: 20  |  Attempts: 1862   |  Last updated: Aug 21, 2018
  • Sample Question
    Which of the following is NOT true regarding ERP?

Financial Accounting means to analyze, summarize, and record financial transactions as well as to show an accurate picture of the financial affairs of the company. This basic quiz has been developed to test your knowledge of...

Questions: 10  |  Attempts: 1210   |  Last updated: Mar 12, 2019
  • Sample Question
    How is the income statement affected when a company issues stock?

Closing entries are like the finale to all financial reporting books. This is where journal entries meet at the end of the accounting period to transfer both permanent and temporary accounts. Did you understand how this...

Questions: 9  |  Attempts: 1065   |  Last updated: Jul 4, 2018
  • Sample Question
    Permanent accounts are found on the Balance Sheet section of the work sheet.

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Accounting Questions & Answers

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
What is planning, recording, analyzing, and interpreting financial information called?
Why? Could you please explain your reasoning and expand on your thought process so we can understand why this is the correct answer?
What is the difference between Accounting and Economic Profit?
When you don't have more understanding about some business terms, you are very liable to misinterpret those terms. What most people know about profit is actually the gain an investor generated after a successful transaction. Some don't know there are