Accounting Quizzes, Questions & Answers

Recent Quizzes

Management Accounting For 10th Grade Quiz

Management Accounting For 10th Grade quiz

Management accounting involves preparing timely and accurate managerial reports and accounts that help managers to make day to day decisions about the operations of a business. Having covered the basics in class you...

Questions: 27 | Attempts: 340 | Last updated: Dec 12, 2024

Sample Question
Which of the following components are part of SAP CO? (4 correct answers)

Cost Center Accounting

Maintenance Orders

Product Cost Controlling

Cost Element Accounting

Activity Based Costing

Profit Center Accounting

Quick Fire [assets, Liabilities, Expenses, Equity, Income] Ncea Lvl 1 Accounting

Quick Fire [Assets, Liabilities, Expenses, Equity, Income] NCEA Lvl 1 Accounting

Statement of Financial Position / Balance Sheet Sonny Bill Williams LTD - For the Year Ended 31 March 31/03/Infinity [we hope] Is Sonny Bill Williams an Asset or a Liability? mmmm

Questions: 15 | Attempts: 289 | Last updated: Mar 21, 2023

Sample Question
Accounts Receivable

Current Asset

Negative Income

Negative Asset

Non-Current Liability

Non Current Asset

Negative Equity

Introduction To Accounting Quiz!

Introduction to Accounting Quiz!

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: 17021 | Last updated: Dec 2, 2024

Sample Question
The Accounting Equation is

Owner's Equity = Assets + Liabilities

Assets = Liabilities - Owner's Equity

Assets = Liabilities + Owner's Equity

None of the above

Pretest Vol 1. Accounting Principles And Contingency

Pretest Vol 1. Accounting Principles and Contingency

Pretest Vol 1: Accounting Principles and Contingency assesses knowledge on accounting processes at base level, use of accounts receivable sales codes, fund reservation practices, and systems replaced by DEAMS. It's essential for...

Questions: 18 | Attempts: 62 | Last updated: Jun 19, 2023

Sample Question
Which office handles most of the accounting processes at base level?

Comptroller

FMA

FMF

DFAS

Fundamental Concepts And Principles In Accounting Quiz

Learn about fundamental concepts and principles in accounting with this quiz, and you are also getting an opportunity to test your current knowledge on the same at the same time. The quiz has MCQ questions about fundamental...

Questions: 14 | Attempts: 4069 | Last updated: Jul 2, 2023

Sample Question
All business transactions that will be entered in the accounting records must be fully supported by verifiable evidence.

Historical Cost

Objectivity

Conservatism (Prudence)

Accrual Principle

Full Disclosure

Consistency

Depreciation Accounting Hardest Test! Quiz

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: 1404 | Last updated: Mar 22, 2023

Sample Question
The number of production or similar units expected to be obtained from the use of an asset by an enterprise is called as ___________.

Unit life

Useful life

Production life

Expected life

Bills Of Exchange Exam Quiz!

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: 901 | Last updated: Oct 18, 2023

Sample Question
On 1.1.05 X draws a bill on Y for Rs.20,000 for 3 months. Due date of the bill will be:

1.4.05

3.4.05

4.4.05

4.5.05

Double Entry Accounting Trivia Quiz

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: 6427 | Last updated: Sep 30, 2024

Sample Question
Which of the following statements about double-entry accounting is incorrect?

Every transaction affects at least two accounts.

Debits always increase an account balance, while credits always decrease it.

The accounting equation (Assets = Liabilities + Equity) must always be in balance.

Double-entry bookkeeping helps in detecting errors and preventing fraud.

Accounting Principles And Contingency Pretest #2

Accounting Principles and Contingency Pretest #2

Accounting Principles and Contingency Pretest #2 assesses knowledge in specialized accounting practices and classifications, including emergency codes, fund commitments, and disbursement stages. Ideal for learners in government...

Questions: 32 | Attempts: 110 | Last updated: Mar 14, 2024

Sample Question
Accouting Classifications: What type of account does not use the third digit?

Trust

Receipt

Deposit

Special

Test Your Knowledge About Billing And Invoice! Trivia Quiz

Test your Knowledge about Billing and Invoice! Trivia Quiz

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: 1304 | Last updated: Mar 21, 2023

Sample Question
What is the difference between a collective billing document and an individual billing document?

A collective document is for multiple deliveries, an individual document is a single invoice for a single delivery.

A collective document is for 1 delivery, an individual document is for a group of deliveries combined in a single invoice.

A collective document is a template used for a collection of vendors; an individual document is for a one-time purchase from a new vendor.

None of the above.

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