Accounting Quizzes & Trivia
The exams are finally here but you still have doubts on whether you are a hundred percent prepared. The quiz below is designed to cool your nerves and point out the topics you haven’t grasped fully. Give it a try and...
Questions: 57 | Attempts: 110 | Last updated: Jul 4, 2018
Sample QuestionThe cost of a manufactured product generally consists of which of the following costs?
Practice questions for the medical admin assistant exam
Questions: 20 | Attempts: 108 | Last updated: Feb 15, 2013
Sample QuestionWhich one of the following would not be entered on a financial summary
Questions: 3 | Attempts: 105 | Last updated: Jul 30, 2011
Sample QuestionWhich of the following is asset
In today’s class we covered how to correct misallocations of overhead cost and journal entries in a manufacturing account. The test below is designed to test how well you understood out previous class and if you can...
Questions: 12 | Attempts: 105 | Last updated: Jul 4, 2018
Sample QuestionIf manufacturing overhead has been underallocated during the period, and most of the jobs produced have been sold, then:
Created for Anoush! This quiz has 15 questions. Select an answer, if you don't know it, take a guess! Each question is worth 1.5 marks.
Questions: 25 | Attempts: 105 | Last updated: Jan 25, 2013
Sample QuestionWhat term is used to describe factors in a decision problem that cannot be expressed effectively in numerical terms?
Basic accounting rules
Questions: 5 | Attempts: 104 | Last updated: Jan 16, 2013
Sample QuestionDebit/Credit Rule enter an amount in the normal balance side of an account to increase the balance to increase the balance and in the opposite side to decrease the balance
It is important for any business to have correct books of accounts that reflect a true and fair view of their financial position. There is much that goes into preparing the books of account. Take up quiz below and test your...
Questions: 21 | Attempts: 103 | Last updated: Nov 5, 2018
Sample QuestionAccounts receivable are
Play this quiz to know perfectly how to fill a cheque.
Questions: 8 | Attempts: 101 | Last updated: Sep 14, 2015
Sample QuestionHow many lines are there on a cheque that you need to fill out?
Questions: 30 | Attempts: 100 | Last updated: Jun 18, 2019
Sample QuestionAt the date of an acquisition which is not a bargain purchase, the acquisition method
The financial accounting is a subject most business students do because its creates needed accounts for transactions. Take this quiz and test how good you are in financial accounting.
Questions: 10 | Attempts: 100 | Last updated: Oct 10, 2018
Sample QuestionWhat is the full meaning of GAAP?
Cost accounting is a process of classifying, recording, analyzing summarizing, evaluating and assigning different courses of action for cost control. With that point made, how well ro you think you'll pass this quiz.
Questions: 10 | Attempts: 100 | Last updated: Mar 14, 2018
Sample QuestionCost accounting information is commonly used in?
Financial Accounting is a field concerned with analysis, reports and summary of financial transactions of a business. It is governed by both international and local accounting standards. It is a wide field which has got the...
Questions: 10 | Attempts: 100 | Last updated: Mar 20, 2018
Sample QuestionFinancial accounting belongs to what field?
Below is quiz on ACCT 302: Accounting For Manufacturing Company Inventory! In a manufacturing company, the inventory consists of items such as property, goods in stock, or the contents of a building. They must all be accounted...
Questions: 16 | Attempts: 100 | Last updated: Dec 11, 2019
Sample QuestionPederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units What is the amount of gross profit margin?
This quiz is intended to find out how much the students know about accounting from their daily experiences.
Questions: 25 | Attempts: 100 | Last updated: Mar 13, 2015
Sample QuestionIn schools nationwide, what has become the latest and hottest sub-specialty?
Pages 132-135Missing # 8 and 9
Questions: 13 | Attempts: 100 | Last updated: Dec 14, 2012
Sample QuestionA company relies heavily on vertical integration to compete in its product market. Its product market is wide and broad based. What type of strategy is the company using?
Chapter 10 is a review of Closing Entries.
Questions: 35 | Attempts: 97 | Last updated: Mar 9, 2014
Sample QuestionPermanent accounts are found on the Balance Sheet section of the work sheet.
To check the basic accounting knowledge of the participant.
Questions: 21 | Attempts: 95 | Last updated: Jul 11, 2018
Sample QuestionProfit is equal to:
Trading, profit and loss account shows the income and expenditure of a company and this will define the financial position on whether the company is making a profit or incurring some losses. This information will help the...
Questions: 26 | Attempts: 93 | Last updated: Nov 5, 2018
Sample QuestionPreparing budgets is an example of the managent function of:
Questions: 50 | Attempts: 86 | Last updated: Feb 18, 2013
Sample QuestionThe residual interest in a corporation belongs to the
We have just covered business statements and how to prepare them. The quiz below is designed to test your understanding of all we covered in the chapter. Can you identify how these changes in assets and liabilities are...
Questions: 40 | Attempts: 84 | Last updated: Jul 4, 2018
Sample QuestionUnder accrual accounting, revenue is recorded
Questions: 32 | Attempts: 83 | Last updated: Jun 8, 2018
Sample QuestionAccouting Classifications: What type of account does not use the third digit?
Today we covered chapter three which was about job costing. This usually occurs with goods made after an order. As discussed job costing gives an accountant an overview of what each manufacturing will cost the company. What...
Questions: 55 | Attempts: 82 | Last updated: Jul 4, 2018
Sample QuestionWhat are the two basic types of costing systems?
Questions: 40 | Attempts: 79 | Last updated: Feb 1, 2018
Sample QuestionUnder accrual accounting, revenue is recorded
Questions: 50 | Attempts: 76 | Last updated: Dec 5, 2017
Sample QuestionWhich of the following best describes a liability? Liabilities are:
Chapters 1 through 4
Questions: 17 | Attempts: 76 | Last updated: Jul 30, 2011
Sample QuestionOn January 1, 2006 Mammoth Corporation had retained earnings of $4,000,000. During 2006, they had net income of $750,000 and dividends of $100,000. What is the amount of Mammoth's retained earnings at the end of 2006?