Accounting Quizzes, Questions & Answers
Recent Accounting Quizzes
You have completed the computerised accounts level 2 course. This is your end of the course review.
Questions: 10 | Attempts: 97 | Last updated: Jul 10, 2024
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Sample QuestionYou are preparing a sales invoice and goods totals comes to £500.00, If the VAT rate is 17.5%, what is the VAT amount to be added to the invoice?
Have you ever heard of computerized accounting? Computerized accounting system is made up of diverse controls, activities, and methods for the summarization, classification, recording, and assembly of financial information to...
Questions: 10 | Attempts: 959 | Last updated: Aug 22, 2024
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Sample QuestionYou make a cash sale for £200 (No VAT). Which of the following pairs of nominal accounts are affected?
Final Review Combined F assesses key financial concepts through questions on bond redemption, debt to equity ratios, income statement analysis, and gross margin relevance. It's designed to test understanding of fundamental...
Questions: 127 | Attempts: 173 | Last updated: Jun 3, 2024
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Sample QuestionIf a bond is sold at par value for $1,000, has a life of 5 years, and a contract rate of 8%, how much will have to be paid to redeem the bond on its maturity date?
When it comes to long term assets such as machines their ability to perform like they did when they were new depreciation is a factor that most companies need to keep an eye on. This cost is covered in the income statement, and...
Questions: 25 | Attempts: 417 | Last updated: Mar 19, 2023
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Sample QuestionWhen a depreciable asset is sold for exactly its book value, the company:
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: 6786 | Last updated: Jan 13, 2025
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Sample QuestionAccording to the FASB, a company that wishes to comply with GAAP will use:
If you feel that you are not ready to enrol straight on to AAT Level 2 - this quiz will help you to decide. If you get 75% or more then you are ready for Level 2. If you score less than 75% then Level 1 is probably more...
Questions: 25 | Attempts: 451 | Last updated: Mar 20, 2023
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Sample QuestionA total of 1600 people work for a company. The ratio of male to female employees is 3:5.How many more females than males are there in the company?
The Accounting Basics Quiz on Stock/Shareholders' Equity is designed to evaluate your understanding of fundamental accounting concepts related to stockholders' equity. This quiz encompasses various topics, including the...
Questions: 8 | Attempts: 304 | Last updated: Dec 29, 2023
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Sample QuestionFor corporations and limited liability companies the shareholders are entitled to a share of the companies profits - this is called a what?
Dive into the Theory of Accounts with this engaging MCQ quiz! Test your knowledge on financial standards, equity securities, and investment accounting. Perfect for learners aiming to understand complex financial reporting and...
Questions: 10 | Attempts: 1071 | Last updated: Mar 21, 2023
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Sample QuestionA company has adopted Statement of Financial Accounting Standards No. 115, Accounting for Certain Investments in Debt and Equity Securities (as amended by SFAS 130). It should report the marketable equity securities that it has classified as trading at:
Accounting is an interesting concept. If you are a student of accountancy and want to test your knowledge regarding this subject, this 'TOA Accounting Test' is perfect for you. In this quiz, we will ask you MCQ questions...
Questions: 24 | Attempts: 3919 | Last updated: Nov 16, 2023
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Sample QuestionWhich of the following statements is/are true? I. Accounting is a service activity intended to fulfill a useful function in society II. Accounting involves the art of recording, classifying, and summarizing transactions and events, and interpreting the results thereof. III. Accounting is an art but not a science IV. Accounting provides quantitative financial information intended to be useful in making economic decisions
The 'Accounting Test: Test your GK!' challenges your knowledge in budgeting, fiscal planning, and selling expenses calculation. It assesses key financial competencies crucial for effective management and accounting practices.
Questions: 39 | Attempts: 415 | Last updated: Mar 20, 2023
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Sample QuestionA formal written statement of management's plans for the future, expressed in financial terms, is a: