11th Grade Accounting Quizzes, Questions & Answers
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Get ready to test your knowledge with these Accrual Accounting MCQ quiz questions and answers that we have here for you. The quiz below has a few questions that you need to answer correctly. The quiz is also a good way to enhance...
Questions: 25 | Attempts: 6771 | Last updated: Jan 13, 2025
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Sample QuestionAccording to the FASB, a company that wishes to comply with GAAP will use:
Babak Penyisihan akan segera dimulai.
Peserta diharapkan membaca ketentuan, langkah-langkah, dan peraturan yang tertera di bawah ini terlebih dahulu.
Ketentuan Test Trial Babak...
Questions: 30 | Attempts: 310 | Last updated: Feb 1, 2023
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Sample QuestionPenghasilan perusahaan Rp.20.000.000,-Beban usaha Rp.7.000.000,-Prive Rp.3.000.000,-Jika Modal Awal Rp.55.000.000,- maka modal akhir adalah...
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Questions: 30 | Attempts: 288 | Last updated: Apr 10, 2024
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Sample QuestionThe Accounting Equation is: ASSETS = LIABILITIES + OWNER'S EQUITY OR ASSETS - LIABILITIES = OWNER'S EQUITY
Property investment can be tricky, and sometimes people experience huge financial losses. We're curious just how well you know about IAS 40 investment property. Do you know enough about the concept to ace this quiz with ease?...
Questions: 10 | Attempts: 4442 | Last updated: Nov 16, 2023
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Sample QuestionUnder IAS 40, Investment Property, which additional disclosure must be made when an entity chooses the cost model as its accounting policy for investment property?
This pre-examination for ACCOUNTING 1 MIDTERM assesses knowledge on inventory systems, cost of goods sold, and financial statements accuracy. It evaluates understanding of key accounting principles and practices critical for...
Questions: 80 | Attempts: 621 | Last updated: Mar 22, 2023
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Sample QuestionWhen using the perpetual inventory system, freight charges on goods purchased are debited to inventory.
Recent Accounting Quizzes
Explore your understanding of Accounting with this engaging quiz. It covers key concepts like income statements, accrual accounting, inventory systems, and liabilities. Perfect for students or professionals looking to assess or...
Questions: 23 | Attempts: 294 | Last updated: Mar 21, 2023
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Sample QuestionThe most useful financial statement for analyzing a company’s profitability is the:
Below is a quiz on ACCT 302: Accounting For Manufacturing Company Inventory! In a manufacturing company, the inventory consists of items such as property, goods in stock, or the contents of a building. They must all be accounted...
Questions: 16 | Attempts: 303 | Last updated: Mar 19, 2023
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Sample QuestionPederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units What is the amount of gross profit margin?
This quiz, titled 'Plant Assets and Depreciation Chap 10', assesses understanding of asset management, focusing on the classification, costs, and depreciation of plant assets. It is designed to enhance knowledge in accounting and...
Questions: 29 | Attempts: 480 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following assets does not decline in service potential over the course of its useful life?
As an accounting student, you need to ensure that you are up to date with what you study. This accounting test is specially created to test your accounting skills with intermediate level questions. Only the brightest of...
Questions: 20 | Attempts: 739 | Last updated: Mar 21, 2023
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Sample QuestionUsing the FIFO method answer the following question. A company purchases 25 units at a price of $5 each. Then they purchase 10 units at the price of $4 each. Afterwards, they sell 30 units at a price of $10 each. Then they sell 2 units at a price of $15. Then they sell 3 units at the price of $15 each. What is the COGS?
Accounting, as we all know, is a broad subject. Today, with this 'Accounting for Materials quiz,' we will test your knowledge about it by asking you questions based on simple accounting concepts- material accounting....
Questions: 17 | Attempts: 3230 | Last updated: May 20, 2023
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Sample QuestionDirect material is a _______.
Dive into the essentials of accounting with this interactive quiz! Explore key concepts like revenue recognition, the accrual basis of accounting, and proper adjusting entries. Perfect for beginners looking to understand the...
Questions: 8 | Attempts: 380 | Last updated: Mar 20, 2023
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Sample QuestionThe revenue recognition concept:
This quiz focuses on changes in accounting principles, assessing understanding of consistency, depreciation methods, inventory valuation, and required disclosures. It is designed for learners to grasp complex financial reporting...
Questions: 18 | Attempts: 650 | Last updated: Mar 21, 2023
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Sample Question21. Accounting changes are often made and the monetary impact is reflected in the financial statements of a company even though, in theory, this may be a violation of the accounting concept of
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