Accounting Quizzes, Questions & Answers
Recent Accounting Quizzes
FAR- study for the CPA exam. Cash flow information and present value.
Questions: 20 | Attempts: 234 | Last updated: Mar 19, 2025
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Sample QuestionAccording to the FASB’s conceptual framework, the expected cash flow (ECF) approach to measuring present value
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: 256 | Last updated: Mar 21, 2025
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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:
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 21, 2025
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Sample QuestionBased 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:
Your level of Finance & Accounting knowledge is being evaluated...
Questions: 10 | Attempts: 136 | Last updated: Mar 15, 2025
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Sample QuestionInvoices received from vendors are supposed to be thrown away because we do not want to pay them- true or false?
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, 2025
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Sample QuestionWhich best describes the "art" of finance and accounting? (chapter 1)
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, 2025
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Sample QuestionWhat is the normal balance for an expense account?
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: 228 | Last updated: Mar 20, 2025
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Sample QuestionThe Nominal Ledger contains numerous accounts and may be described as the central system of the double entry bookkeeping procedure.
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: 380 | Last updated: Mar 20, 2025
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Sample QuestionThere is no sequence of importance in the close transaction steps ... all that matters is that they all get performed.
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, 2025
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Sample QuestionBelow Transaction cannot be posted through Cash Journal- FBCJ transaction
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, 2025
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Sample QuestionExpense types may be shared between policies.
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