Accounting Quizzes, Questions & Answers
Recent Accounting Quizzes
Finance is the management of abundant sums of money, which large companies typically oversee. Finance involves a myriad of principles. For this quiz, you will be required to know whether parked documents reduce the budget, why...
Questions: 13 | Attempts: 2345 | Last updated: Mar 19, 2025
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Sample QuestionThe three-way match is used to verify that goods and/or services received do not exceed the amount in the purchase order and the amount invoiced matches the amount received.
What is accounting? Take this quiz on introduction to accounting and see what knowledge you have. It is basically the process related to finances and other information about businesses and corporations....
Questions: 25 | Attempts: 17186 | Last updated: Oct 2, 2025
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Sample QuestionThe Accounting Equation is
The 'Capital and Revenue Expenditure Exam: Quiz!' assesses understanding of expenditure classification in accounting. It tests knowledge on capital vs. revenue expenditures through practical scenarios, crucial for accurate...
Questions: 45 | Attempts: 5623 | Last updated: Oct 13, 2025
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Sample QuestionWhich of the following is of capital nature?
This quiz on Subsidiary Books assesses knowledge on recording credit purchases, differentiating information in ledgers, preparing cash books, managing petty cash, and handling sales returns. Essential for learners in accounting...
Questions: 39 | Attempts: 2335 | Last updated: Mar 20, 2025
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Sample QuestionPurchases book records:
Do you know anything about depreciation accounting? Do you believe you can pass the quiz? To calculate depreciation, you should use the straight-line method. Subtract the salvage amount from the asset cost and divide the...
Questions: 158 | Attempts: 1439 | Last updated: Mar 21, 2025
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Sample QuestionThe number of production or similar units expected to be obtained from the use of an asset by an enterprise is called as ___________.
The 'Bills Of Exchange Exam Quiz!' assesses understanding of financial instruments, specifically bills of exchange. It covers calculation of due dates, endorsement processes, and dishonour scenarios, essential for professionals...
Questions: 173 | Attempts: 917 | Last updated: Oct 18, 2025
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Sample QuestionOn 1.1.05 X draws a bill on Y for Rs.20,000 for 3 months. Due date of the bill will be:
Have you been studying accounting? If yes, then it should not be a problem for you to pass this double entry accounting trivia quiz. Double-entry accounting is known as a system that needs two book entries — one debit and...
Questions: 10 | Attempts: 7113 | Last updated: Sep 22, 2025
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Sample QuestionWhich of the following statements about double-entry accounting is incorrect?
Are you looking for a way to test your knowledge about billing and invoicing? There are different types of invoices that can be given out, and they are differentiated by checking the contents. A wrong bill can lead to a lot of...
Questions: 5 | Attempts: 1388 | Last updated: Mar 21, 2025
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Sample QuestionWhat is the difference between a collective billing document and an individual billing document?
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: 381 | Last updated: Mar 20, 2025
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Sample QuestionThe revenue recognition concept:
Created for Anoush!
This quiz has 15 questions.
Select an answer, if you don't know it, take a guess!
Each question is worth 1.5 marks.
Questions: 25 | Attempts: 360 | Last updated: Mar 22, 2025
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Sample QuestionWhat term is used to describe factors in a decision problem that cannot be expressed effectively in numerical terms?
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