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Accounting Principle Quizzes & Trivia

Ever wondered how much you know about accounting principles? What is a matching principle? What is an entity concept? Check out our online accounting principle quizzes and enhance your knowledge with every question you attempt.

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How good are your basic accounting principles and concepts? Try out these quiz questions and answers and check your financial knowledge. Accounting principles are the common rules and guidelines that companies need to follow...

Questions: 13  |  Attempts: 6832   |  Last updated: May 29, 2022
  • Sample Question
    What is the entity concept?
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Do you know anything about accounting principles and knowledge? Could you pass this quiz? Financial accounting is the branch of corporate accounting that identifies, records, and examines financial data for people outside of...

Questions: 20  |  Attempts: 1748   |  Last updated: Mar 22, 2022
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    The personal assets of the owner of a company will not appear on the company's balance sheet because of which principle/guideline?
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Questions: 18  |  Attempts: 546   |  Last updated: Mar 21, 2022
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      21.     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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Welcome to A Ownership and Business Standrads Questionnaire. Business structures around the globe are based on specific set standards that make them feasible to accommodate the regulations without falling for the tripwire of...

Questions: 8  |  Attempts: 152   |  Last updated: Mar 20, 2022
  • Sample Question
    Principle of Utmost Good Faith or “uberrimae fidei” in Latin, can be considered a general principle of GAAP.
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