Accounting Quizzes, Questions & Answers
Recent Quizzes
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: Nov 9, 2023
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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: 1610 | Last updated: Mar 21, 2023
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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, 2023
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: 881 | Last updated: Mar 22, 2023
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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: 453 | Last updated: Sep 4, 2023
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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: 27782 | Last updated: Sep 24, 2024
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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: 3625 | Last updated: Jul 12, 2024
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Sample QuestionWhat type of asset is cash?
Are you ready for this "Accounting for Governmental & Not-for-Profit Entities" quiz that we have brought here for you? Financial Accounting means to analyze, summarize, and record financial transactions as well as...
Questions: 10 | Attempts: 1080 | Last updated: Sep 8, 2023
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Sample QuestionLike other governmental funds, proprietary funds have no emphasis on income measurement.
The accounting midterm exam is coming up and as promised these quiz consists of the first five true or false questions you will be expected to answer on 19/3/2918. Give them a try and continue with your revision for the...
Questions: 5 | Attempts: 1054 | Last updated: Mar 22, 2022
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Sample QuestionThe accounting standard setting authority for the federal government is the Governmental Accounting Standards Board (GASB).
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