Accounting Quizzes, Questions & Answers

Recent Quizzes

This Financial Assessment Quiz for the CSM Summit explores key concepts in finance and accounting, such as pro-forma results, non-GAAP reporting, and Cost of Goods Sold (COGS). It is designed to assess understanding of financial...

Questions: 15 | Attempts: 109 | Last updated: Mar 13, 2024

Sample Question
Which best describes the "art" of finance and accounting? (chapter 1)

Using limited data to come as close as possible to an accurate description of how well a company is performing

Using limited data to provide the best looking snapshot of how a company is performing

Exposing every detail of how a company runs its business

Putting lipstick on a pig

Basic Accounting Quiz! Trivia Exam

Dive into the fundamentals of accounting with the Basic Accounting Trivia Exam! Test your understanding of normal balances, trial balances, financial statements, and more. Ideal for learners looking to assess or refresh their...

Questions: 12 | Attempts: 325 | Last updated: Oct 8, 2024

Sample Question
What is the normal balance for an expense account?

Credit

Debit

I don't care

None of the above

Sage Computerised Accounting - Qp6

Sage Computerised Accounting - QP6

Sage Computerised Accounting - QP6 assesses knowledge on managing banking and cash operations within the Sage software. It covers true\/false questions on bank management, fraud prevention, and recording transactions, crucial for...

Questions: 10 | Attempts: 197 | Last updated: Mar 15, 2023

Sample Question
Money is the life blood of any organisation and so particular attention should be paid to the ‘Bank’.

True

False

Sage Computerised Accounting - Qp4

Sage Computerised Accounting - QP4

This quiz, titled 'Sage Computerised Accounting - QP4', assesses knowledge in using Sage for computerized accounting. It covers the Nominal Ledger, nominal codes, and control accounts, highlighting key skills in managing business...

Questions: 8 | Attempts: 227 | Last updated: Mar 20, 2023

Sample Question
The Nominal Ledger contains numerous accounts and may be described as the central system of the double entry bookkeeping procedure.

True

False

Month End Closing Process! Finance Quiz

Month end closing process finance quiz. Every month end transactions that have been made are combines so as to come with monthly financial statements. Preparation of monthly statements not only makes it easy to prepare end year...

Questions: 10 | Attempts: 379 | Last updated: Mar 21, 2023

Sample Question
There is no sequence of importance in the close transaction steps ... all that matters is that they all get performed.

True

False

Fi - Cash & Bank (Post Session)

FI - Cash & Bank (Post session)

This post-session quiz covers key aspects of cash and bank management in finance, including transactions, automatic payment runs, and bank reconciliations using specific transaction codes.

Questions: 15 | Attempts: 123 | Last updated: Mar 20, 2024

Sample Question
Below Transaction cannot be posted through Cash Journal- FBCJ transaction

Cash Payment

Cash Receipt

Cheque Receipt

Cheque Payment

None of the above

Trivia Quiz: What Do You Know About Expenses?

Trivia Quiz: What do you know about Expenses?

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: 237 | Last updated: Mar 21, 2023

Sample Question
Expense types may be shared between policies.

True

False

What Type Of Accountant Should I Be?

What Type of Accountant Should I Be?

There's more to accounting than suits and ties, and to prove that we've designed a quiz that will match your personality to the accounting role of your dreams. Discover your ideal accounting role now!

Questions: 40 | Attempts: 11371 | Last updated: Jul 25, 2022

Sample Question
What is your ideal Friday night?

Enjoying a cultural adventure in Paris

Cheering on my favourite football team with my mates

Catching up on the latest financial blogs

Questions On Accounting: Quiz! Test

Questions on Accounting: Quiz! Test

Dive into the fundamentals of accounting with this interactive quiz. Assess your understanding of sole proprietorships, liabilities, the accounting equation, types of businesses, and more. Perfect for learners aiming to enhance...

Questions: 13 | Attempts: 604 | Last updated: Mar 21, 2023

Sample Question
All profits go to the owner is an advantage of a sole proprietorship.

True

False

Hotel Accounting Procedures! Trivia Questions Quiz

Are you conversant with hotel accounting procedures? The hotel industry rakes in millions a year, and this means that they need to keep proper books of accounting if they are to pay the right amount of taxes. As an accountant,...

Questions: 14 | Attempts: 739 | Last updated: Mar 22, 2023

Sample Question
In the double-entry system value received is thought of like a debit, and value given is thought of as a credit.

True

False

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