Accounting Quizzes & Trivia

Dreamt of being successful by running your own business? You will be amazed at how much you can learn with Accounting quizzes online!

What better way to test your knowledge of the ins and outs of Accounting than awesome Accounting quizzes? Test yourself and share these Accounting quizzes with your friends and peers. Enhance your knowledge about Accounting and learn something completely new by answering these insightful quiz questions. You can even get insights into creating awesome quizzes of your own with these Accounting quizzes.

Each and every Accounting quiz here has well-researched and interesting quiz questions that test your grasp of the subject. You can easily learn something new about Accounting with every question you attempt.

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