12th Grade Accounting Quizzes, Questions & Answers
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This Grade 12 Accounting Quiz assesses knowledge of the accounting cycle, types of accounts, auditor reports, and transaction categorization. It is designed to prepare students for professional accounting practices, enhancing...
Questions: 10 | Attempts: 2028 | Last updated: Nov 4, 2024
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Sample QuestionWhich of the following lists the steps of the accounting cycle in the correct order?
Play this knowledgeable 'Management Financial And Cost Accounting MCQs With Answers' quiz and check how good are you in the cost accounting management system. This test covers many subtopics like costing, budgeting,...
Questions: 12 | Attempts: 1142 | Last updated: Mar 22, 2023
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Sample QuestionEstimate the Materials to be debited to Contract A/c. Materials direct to site Rs.4,40,000; Materials returned to store Rs.20,000 and Materials received from Store Rs.81,200.
This Multiple Choice Quiz focuses on inventory methods, assessing knowledge in FIFO, LIFO, and cost calculations under different systems. It is designed for learners to understand cost flow assumptions and their impact on...
Questions: 5 | Attempts: 1407 | Last updated: Mar 22, 2023
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Sample QuestionThe inventory costing method that is based on the assumption that cost should be charged against revenue in the order in which they were incurred.
This 'Accounting Quiz: Practice Exam!' assesses key skills in cost management using the high-low method. It covers variable and fixed cost calculations, use of Excel for cost data, and identification of cost types, enhancing...
Questions: 25 | Attempts: 1040 | Last updated: Aug 30, 2024
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Sample QuestionBased on the information in Table M5-2, assuming Laramie Tack & Saddle uses the high-low method to separate mixed costs, if the company processes 4,100 packages during July, the total variable cost will be:
Accounting 201 - Chapter 3 Review Test Quiz
We have just covered business statements and how to prepare them. The quiz below is designed to test your understanding of all we covered in the chapter. Can you identify how these...
Questions: 40 | Attempts: 682 | Last updated: Mar 21, 2023
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Sample QuestionUnder accrual accounting, revenue is recorded
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The Basic Accounting Quiz assesses knowledge on historical figures on U.S. currency, roles of major accounting firms, and changes in CPA exam structure. It highlights the importance of IT and general business knowledge in...
Questions: 18 | Attempts: 231 | Last updated: Mar 21, 2022
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Sample QuestionWho is on the U.S. $500 bill?
Different organizations have different reporting styles and ways to account for their periodic activities. Find out more about accounting and reporting for the Federal government Nfp through the quiz below.
Questions: 19 | Attempts: 237 | Last updated: Mar 21, 2023
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Sample QuestionFederal statutes assign responsibility for establishing and maintaining a sound financial structure for the federal government to which of the following:
Trading, profit and loss account shows the income and expenditure of a company and this will define the financial position on whether the company is making a profit or incurring some losses. This information will help the...
Questions: 26 | Attempts: 169 | Last updated: Mar 20, 2023
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Sample QuestionPreparing budgets is an example of the managent function of:
This Accounting Practice Exam (4) - Part III assesses knowledge in corporate finance, including stock issues, treasury stock, and corporate advantages. It is designed for learners aiming to enhance their understanding of...
Questions: 16 | Attempts: 135 | Last updated: Mar 21, 2023
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Sample QuestionWhich one of the following would not be considered an advantage of the corporate form of organization?
This quiz titled 'Practical Accounting 1' assesses knowledge in financial accounting, covering topics like net income adjustments, membership fee revenue recognition, markup based pricing, and tax calculations. It is designed for...
Questions: 5 | Attempts: 974 | Last updated: Mar 21, 2023
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Sample Question1. Alpha Company provided the following information relating to the current year: Net income 3,500,000 Unrealized gain on available for sale securities 250,000 Foreign currency translation adjustment – credit 50,000 Revaluation surplus 1,000,000
Pensions in accounting are seen as future liabilities. They are seen as actions that will reduce the company’s capital when they fall due. We have covered how they are calculated and treated in the books of accounts....
Questions: 15 | Attempts: 434 | Last updated: Mar 22, 2023
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Sample QuestionCompanies generally design pension plans that are
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