Accounting Quizzes & Trivia
Questions: 11 | Attempts: 229 | Last updated: Nov 12, 2016
Sample QuestionWhich of the following is the correct order for the accounting cycle?
Choose the right response
Questions: 14 | Attempts: 225 | Last updated: Jan 15, 2013
Sample QuestionPresent and future value tables of $1 at 3% are presented below: NFV $1PV $1FVA $1PVA $1FVAD $1PVAD $111.030000.970871.00000.970871.03001.0000021.060900.942602.03001.913472.09091.9708731.092730.915143.09092.828613.18362.9134741.125510.888494.18363.717104.30913.8286151.159270.862615.30914.579715.46844.7171061.194050.837486.46845.417196.66255.5797171.229870.813097.66256.230287.89236.4171981.266770.789418.89237.019699.15917.2302891.304770.7664210.15917.7861110.46398.01969101.343920.7440911.46398.5302011.80788.78611111.384230.7224212.80789.2526213.19209.53020121.425760.7013814.19209.9540014.617810.25262131.468530.6809515.617810.6349616.086310.95400141.512590.6611217.086311.2960717.598911.63496151.557970.6418618.598911.9379419.156912.29607161.604710.6231720.156912.5611020.761612.93794 Today Thomas deposited $130,000 in a 2-year, 12% CD that compounds quarterly. What is the maturity value of the CD?
Questions: 10 | Attempts: 221 | Last updated: Nov 13, 2015
Sample QuestionBased on your reading of the ABOUT Ethics in Accounting Reading Material (CA-4, given article 1) respond to the following:Ethics and Integrity Standards are based on the following, EXCEPT:
Questions: 10 | Attempts: 219 | Last updated: Feb 15, 2013
Sample QuestionDilty Corp. owned a subsidiary in France. Dilty concluded that the subsidiary's functional currency was the U.S. dollar. What must Dilty do to ready the subsidiary's financial statements for consolidation?
There are some rules that every accountant should follow when preparing financial statements and are laid down in form of concepts. Are you familiar with the basic accounting concepts we covered in the previous class? Take up...
Questions: 31 | Attempts: 215 | Last updated: Jul 4, 2018
Sample QuestionWhen preparing a bank reconciliation, which of the following items should be subtracted from the bank balance?
We love budgets. We love Gross vs net income. Play this quiz and learn this accounting quiz!
Questions: 9 | Attempts: 212 | Last updated: Apr 26, 2017
Sample QuestionWhat is the difference between gross vs net pay?
This is an accounting test for us to get an idea of your Accounting knowledge.There will be mutiple choice questions,True/False Questions,Essay question(s)Basic Accounting questions..Good luck.You have 2 HOURS to complete...
Questions: 10 | Attempts: 202 | Last updated: Jan 11, 2013
Sample QuestionThe resources owned by a business are called what?
Accounting basic trivia questions for beginners is a good way for one to test out what basic knowledge they have about the accounting function. The accounting function is an important part of any organization as it ensures the...
Questions: 6 | Attempts: 201 | Last updated: Jul 26, 2019
Sample QuestionWhat are the rules of nominal accounting?
When you have sixty minutes to do an exam you may find yourself consumed by doubts instead of taking the exam. Fight the pre exam jitters by taking the revision quiz for the FBLA and time yourself as you tackle these simple...
Questions: 40 | Attempts: 200 | Last updated: Jul 4, 2018
Sample QuestionWhen a business uses a petty cash fund, the fund is debited each time it is replaced.
Managerial accounting as we know is a branch of accounts that helps in collecting, analyzing, and reporting information about the operations and finances of a business. These reports are generally used to show the position of...
Questions: 46 | Attempts: 199 | Last updated: Jul 4, 2018
Sample QuestionWhich of the following are merchandising companies?
Questions: 80 | Attempts: 197 | Last updated: Feb 5, 2013
Sample QuestionIn computing MACRS depreciation, salvage value is ignored.
Multiple choice and short answer questions.
Questions: 10 | Attempts: 197 | Last updated: Nov 29, 2018
Sample Question1. The left side of an account is:a. blankb. a description of the accountc. the debit sided. the balance of the account
Cost behavior is how the cost of products changes with the level of activity in an organization. This cost is highly affected by sales volumes. These costs include fixed, mixed and variable costs. Test your knowledge on cost...
Questions: 28 | Attempts: 196 | Last updated: Jul 4, 2018
Sample QuestionWhich of the following statements is TRUE with respect to variable costs per unit?
Questions: 10 | Attempts: 196 | Last updated: Feb 15, 2013
Sample QuestionWhich one of the following is not a division of the SEC?
Questions: 6 | Attempts: 195 | Last updated: Mar 7, 2013
Sample QuestionEach of the following is an example of a control procedure, except
This quiz is to test the adaptability to various knowledge sharing sessions. There are 35 questions and all have equal marks. Time allowed to complete the quiz is 15 minutes. Test your learnings. ALL THE VERY BEST!! Ajay Uppal
Questions: 35 | Attempts: 194 | Last updated: Feb 14, 2013
Sample QuestionHow many knowledge sharing sessions have been completed?
This quiz sought to determine the understanding of the learner in the Personality Development of Sigmund Freud.
Questions: 15 | Attempts: 188 | Last updated: Jan 10, 2013
Sample QuestionIt comprises the unorganized part of the personality structure that contains the basic drives.
Below is an ACCT 1003 quiz on cost and management accounting. The cost and management perspective are comparative in the provision of data and analyses reports that can be used by managers to make decisions that will lead to long...
Questions: 5 | Attempts: 187 | Last updated: Dec 11, 2019
Sample QuestionWhen a continuous record is kept of the quantities and cost of merchandise on hand, the inventory system is referred to as periodic.
International Accounting Developments Phase Test: Sample Questions(Answers)
Questions: 50 | Attempts: 183 | Last updated: Feb 22, 2012
Sample QuestionWhat does IFRIC stand for?
Questions: 24 | Attempts: 183 | Last updated: Jan 22, 2013
Sample QuestionWhich of the following statements is/are true?I. Accounting is a service activity intended to fulfill a useful function in societyII. Accounting involves the art of recording, classifying and summarizing transaction and events, and interpreting the results thereof.III. Accounting is an art but not a scienceIV. Accounting provides quantitative financial information intended to be useful in making economic decisions
Questions: 8 | Attempts: 180 | Last updated: Jan 28, 2013
Sample QuestionThe revenue recognition concept
Watch the lecture/video on the next page and then answer the questions that follow.
Questions: 4 | Attempts: 174 | Last updated: Jan 22, 2013
Sample QuestionThe accounting equation states that:
Accounting is the development and use of a system for recording and analyzing the transactions and financial status of a business or other organization. Every business must have a system of keeping their records of their...
Questions: 44 | Attempts: 168 | Last updated: Nov 5, 2018
Sample QuestionThe . budget is a major part of the master budget and focuses on the income statement and it's supporting schedules.
Questions: 10 | Attempts: 165 | Last updated: Feb 15, 2013
Sample QuestionWhich accounts are remeasured (remeasurement method) using current exchange rates?
Accounting Final Exam Cumulative Exam from learning during the year
Questions: 35 | Attempts: 158 | Last updated: Feb 12, 2013
Sample QuestionWhat is another term used by accountants for the word "assets?"