Accounting Quizzes, Questions & Answers
Recent Accounting Quizzes
This quiz simplifies the concept of a balance sheet by explaining key terms like assets, liabilities, capital, cash, and stock.
Questions: 5 | Attempts: 353 | Last updated: Mar 18, 2025
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Sample QuestionWhat is an asset?
Property investment can be tricky, and sometimes people experience huge financial losses. We're curious just how well you know about IAS 40 investment property. Do you know enough about the concept to ace this quiz with ease?...
Questions: 10 | Attempts: 4444 | Last updated: Oct 16, 2025
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Sample QuestionUnder IAS 40, Investment Property, which additional disclosure must be made when an entity chooses the cost model as its accounting policy for investment property?
The Accounting Principles and Contingency Operations Quiz is designed to assess your understanding of fundamental accounting principles within the context of contingency operations. This quiz covers a range of topics, including...
Questions: 70 | Attempts: 172 | Last updated: Oct 22, 2025
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Sample QuestionWhat is the major difference between the responsibilities of the Financial Management Analysis and the Defense Finance and Accounting Service?
This quiz tests knowledge on accounting principles, focusing on topics like ICAN establishment, cost reporting, inventory effects, and petty cash management.
Questions: 10 | Attempts: 105 | Last updated: Oct 9, 2025
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Sample QuestionThe Act establishing the Institute of Chartered Accountants of Nigeria (ICAN) came into force on
Vega - CB14 - Petty Cash: An amount of money issued to a department used on a revolving basis to pay for expenses of a nominal amount when other procurement methods are not practicable or when cash is required.
Questions: 10 | Attempts: 1622 | Last updated: Mar 21, 2025
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Sample QuestionIn a Petty Cash context, Cash includes:
This quiz covers key aspects of corporate financial statements, including earnings, cash flows, and consolidated reports, crucial for understanding corporate financial health.
Questions: 56 | Attempts: 116 | Last updated: Mar 22, 2025
You have already moved from learning the basics of accounting and are now studying accounting II. This being the end of the semester it is expected that you are well equipped to pass the exam. Try out the quiz below and see...
Questions: 12 | Attempts: 882 | Last updated: Mar 22, 2025
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Sample QuestionAnything of value that is owned is called a(n):
Elements of financial statements trivia quiz. There are different types of financial statements created by an accountant to show the standing of a company. Every transaction that a company undertakes should be well recorded in...
Questions: 31 | Attempts: 456 | Last updated: Sep 4, 2025
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Sample QuestionA company issued $4 million in 20-year bonds. Where will this transaction appear on the cash flow statement?
Are you ready for a quick account knowledge test? Take this accounting quiz to check your understanding and learn new facts. For a business to prosper, they need funding, which can come through investments, cash, or selling...
Questions: 10 | Attempts: 27857 | Last updated: Sep 22, 2025
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Sample QuestionWhat is stockholders' equity?
Think of your piggy bank, sometimes it's full and, sometimes it's not. Just like that, businesses keep track of what they own and what they owe through something called assets and liabilities. Our Assets & Liabilities...
Questions: 10 | Attempts: 3721 | Last updated: Jul 12, 2025
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Sample QuestionWhat type of asset is cash?
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