Accounting Quizzes & Trivia
As a new accounting student it is important to properly understand the basics before you dive into the complex parts. The quiz below is set in a way that it tests what you covered in the first class and helps you know which...
Questions: 19 | Attempts: 155 | Last updated: Jul 4, 2018
Sample QuestionCurrent liabilities are
Questions: 10 | Attempts: 154 | Last updated: May 23, 2019
Sample QuestionA source document is:
Overhead costs are the costs that are incurred by a company other than direct materials and labor. In the previous class we covered how to properly allocate overhead manufacturing costs in financial statements. Take up the...
Questions: 11 | Attempts: 152 | Last updated: Jul 4, 2018
Sample QuestionHow do you calculate the predetermined manufacturing overhead rate used to allocate manufacturing overhead costs?
AF FM SKY study questions.
Questions: 70 | Attempts: 151 | Last updated: Oct 23, 2019
Sample QuestionWhat is the major difference between the responsibilities of the Financial Management Analysis and the Defense Finance and Accounting Service?
Questions: 30 | Attempts: 150 | Last updated: Feb 15, 2012
Sample QuestionHow did Mendel's studies in genetics differ from earlier studies of breeding and inheritance?
This quiz will test your understanding regarding the double entry concept.
Questions: 12 | Attempts: 149 | Last updated: Jan 29, 2013
Sample QuestionThe cash sales of RM500 to Dego were banked-in. What is double entry for this transaction?
1. Define accounting and know its purpose. 2. Differentiate the types of business organizations. 3. Distinguish the different types of business operations. 4. Know and appreciate the basic accounting principles used in the...
Questions: 14 | Attempts: 147 | Last updated: Oct 9, 2014
Sample QuestionAll business transactions that will be entered in the accounting records must be fully supported by verifiable evidence.
Questions: 10 | Attempts: 144 | Last updated: Dec 27, 2019
Sample QuestionWhich of the following is a correct version of The Accounting Equation?
Questions: 10 | Attempts: 143 | Last updated: Mar 7, 2013
Sample QuestionA debit entry to an account
This quiz is to help you understand and enchance your learning of Chapter 1 Introduction to...
Questions: 25 | Attempts: 141 | Last updated: Jan 29, 2013
Sample QuestionThe Accounting Equation is
Questions: 10 | Attempts: 140 | Last updated: Feb 15, 2013
Sample QuestionIn accounting, the term translation refers to
Proper inventory management helps a company to maximize its output while minimizing the input. During the previous class we covered the chapter six, which mostly covers inventory. Take up the quiz below to test what you...
Questions: 41 | Attempts: 139 | Last updated: Jul 4, 2018
Sample QuestionThe largest expense on the income statement for most merchandising companies is:
Pensions in accounting are seen as future liabilities. They are seen as actions that will reduce the company’s capital when they fall due. We have covered how they are calculated and treated in the books of accounts....
Questions: 15 | Attempts: 133 | Last updated: Jul 4, 2018
Sample QuestionCompanies generally design pension plans that are
Calculating costs involves during manufacturing can help a company not where most of the money in the process goes to. How improved are your skills of calculating these costs? The quiz below is designed to answer just that....
Questions: 14 | Attempts: 131 | Last updated: Jul 4, 2018
Sample QuestionThe full-time employees at Percy Enterprises work 8 hours per day, while the part-time employees work 4 hours per day. Percy has 2,000 full-time employees and 800 part-time employees. What is the number of full-time equivalent employees?
Questions: 15 | Attempts: 130 | Last updated: Jan 25, 2013
Sample QuestionThe source document for cash payments is a(n):
Questions: 10 | Attempts: 125 | Last updated: Feb 15, 2013
Sample QuestionUnder the remeasurement method, common stock would be remeasured at what rate?
This Quiz is to test your accounting information, its an advanced questions.After you finish, you will review your answers before submit and then you will get your result with analysis & correct answer.Financial Accounting...
Questions: 10 | Attempts: 124 | Last updated: Jan 28, 2016
Sample QuestionWhat is the basic principle for measuring inventories ?
Questions: 13 | Attempts: 121 | Last updated: May 19, 2014
Sample QuestionAll profits go to the owner is an advantage of sole proprietorship.
Questions: 8 | Attempts: 121 | Last updated: Mar 7, 2013
Sample QuestionRolling Tennis Academy held investments in trading securities valued at $45,000 Dec 31. These investments cost $38,000. What is the appropriate amount for Rolling Green to report for these investments on Dec 31 balance sheet?
Questions: 10 | Attempts: 115 | Last updated: Nov 12, 2019
Sample QuestionWhat does DEBIT mean?
Questions: 74 | Attempts: 115 | Last updated: Dec 16, 2019
Sample QuestionAll of the following activities are reported on the statement of cash flows except:
What Do You Know About Expenses? A business is formed when an exchange is made, and, in most cases, when a sale is made, there is a cost that a business incurs to ensure the service and goods offered are up to par, and these are...
Questions: 12 | Attempts: 113 | Last updated: Oct 17, 2019
Sample QuestionExpense types may be shared between policies.
There exist two types of assets namely short term and long term assets. In class we have fully covered what is to know about long-term assets and how they are recorded in financial statements. Take up the quiz below and note...
Questions: 39 | Attempts: 113 | Last updated: Jul 4, 2018
Sample QuestionLong-lived tangible assets that are used in the operation of the business are called:
The journey to being a certified accountant is now nearing its end and we have just finished the final chapter. The quiz below is designed to test your knowledge so far and gauge your preparedness for the final exam....
Questions: 7 | Attempts: 112 | Last updated: Jul 4, 2018
Sample QuestionAlex Company spent $2,500 cash to build 10 desks: $940 for materials, $1,270 for a carpenter's labor, and $290 for tools used to make the desks. None of the desks have been sold. What amount should Alex Company expense for the desks?
Questions: 29 | Attempts: 110 | Last updated: Apr 26, 2018
Sample Question21. Major reasons why a company may become involved in leasing to other companies is (are)