Accounting Quizzes, Questions & Answers

Recent Quizzes

This quiz is intended to find out how much the students know about accounting from their daily experiences.

Questions: 25 | Attempts: 167 | Last updated: Mar 21, 2022

Sample Question
In schools nationwide, what has become the latest and hottest sub-specialty?

Estate Planning

Forensic Accounting And Fraud Tracking

Information Technology

Government Regulation

The Basic Accounting Quiz assesses knowledge on historical figures on U.S. currency, roles of major accounting firms, and changes in CPA exam structure. It highlights the importance of IT and general business knowledge in...

Questions: 18 | Attempts: 242 | Last updated: Mar 21, 2022

Sample Question
Who is on the U.S. $500 bill?

Teddy Roosevelt

James K. Polk

William McKinley

William H. Taft

The Accounting Equation Quiz

Explore the fundamentals of accounting with The Accounting Equation Quiz. This quiz assesses understanding of the basic accounting principle, its application in double entry bookkeeping, and identification of assets. It's...

Questions: 10 | Attempts: 6386 | Last updated: Mar 22, 2023

Sample Question
The accounting equation is a mathematical principle?

True

False

Chart Of Accounts Quiz

Chart of Accounts Quiz

This Chart of Accounts Quiz assesses understanding of general ledger account structures, including main categories like assets and liabilities. It tests knowledge of the accounting equation and the categorization of accounts,...

Questions: 15 | Attempts: 2341 | Last updated: May 29, 2024

Sample Question
The chart of accounts has a list of:-

Names of customers and suppliers

General ledger account names and numbers

Names of each inventory item

11 Accounting - February 22, 2016

This quiz titled '11 Accounting - February 22, 2016' assesses knowledge in the accounting cycle, including journal entries, ledger posting, and closing entries. It evaluates understanding of financial statement preparation and...

Questions: 11 | Attempts: 291 | Last updated: Mar 21, 2023

Sample Question
Which of the following is the correct order for the accounting cycle?

Journal, ledger, trial balance, adjustments, closing entries, financial statements

Journal, ledger, adjustments, closing entries, trial balance, financial statements

Journal, ledger, trial balance, financial statements, adjustments, closing entries

Journal, ledger, trial balance, adjustments, financial statements, closing entries

Accounting Source Documents Quiz

Source documents play a crucial role in the accounting industry as they contain details of all business transactions. Try this 'Accounting source documents quiz' that is designed to test your knowledge about source...

Questions: 15 | Attempts: 16401 | Last updated: Aug 18, 2023

Sample Question
A source document is:

The origin of the information that is recorded into the accounting books

The origin of the information that is taken from the accounting books

Not the origin of information that is recorded into the accounting books

All of the above

Far - The Financial Reporting Environment: Cash Flow Information And Present Value

FAR - The Financial Reporting Environment: Cash Flow Information and Present Value

FAR- study for the CPA exam. Cash flow information and present value.

Questions: 20 | Attempts: 234 | Last updated: Mar 19, 2023

Sample Question
According to the FASB’s conceptual framework, the expected cash flow (ECF) approach to measuring present value

Determines the single most likely amount or best estimate.

Encompasses all expectations about possible cash flows.

Uses a single set of estimated cash flows.

Is limited to assets and liabilities with contractual cash flows.

About Ethics In Accounting (58a)

About Ethics in Accounting (58A)

This quiz assesses understanding of ethics in accounting, focusing on integrity, objectivity, disclosure, and internal control systems. It evaluates knowledge of ethical standards vital for accountants, highlighting the effects...

Questions: 10 | Attempts: 255 | Last updated: Mar 22, 2023

Sample Question
Based 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:

Honesty

Accuracy

Impartiality

Objectivity

There are no clear roles and responsibilities in the group; people just tend to run.

Financial Accounting Standards Board Codification Test! Trivia Quiz

Are you an accountant who is trying to see how well they understand the Financial Accounting Standards Board Codifications? In order to ensure that your records are not misstatement, you need to follow the guidelines put in place...

Questions: 10 | Attempts: 564 | Last updated: Mar 22, 2023

Sample Question
Based on your assigned reading (https://sites.google.com/site/thecodification/grading) for this class activity, respond to the following question: CODE-Q1 The codification was first published as of July 1, 2009. It is effective for interim or annual periods ending after:

June 30, 2009

July 1, 2009

Sept 15, 2009

Dec 31, 2009

Do You Know Your Finance & Accounting Department?

Do you know your Finance & Accounting Department?

Your level of Finance & Accounting knowledge is being evaluated...

Questions: 10 | Attempts: 136 | Last updated: Mar 15, 2023

Sample Question
Invoices received from vendors are supposed to be thrown away because we do not want to pay them- true or false?

True

False

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