Accounting Quizzes, Questions & Answers
Recent Accounting Quizzes
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 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, 2023
-
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: 379 | Last updated: Mar 20, 2023
-
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, 2024
-
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, 2023
-
Sample QuestionExpense types may be shared between policies.
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: 11382 | Last updated: Jul 25, 2022
-
Sample QuestionWhat is your ideal Friday night?
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: 606 | Last updated: Mar 20, 2023
-
Sample QuestionAll profits go to the owner is an advantage of a sole proprietorship.
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 21, 2023
-
Sample QuestionIn the double-entry system value received is thought of like a debit, and value given is thought of as a credit.
The 'eSite Fundamentals - Basic' quiz assesses understanding of tenant account management, including billing, payments, and balance calculations. It's essential for learners in property management and accounting roles, enhancing...
Questions: 30 | Attempts: 184 | Last updated: Mar 15, 2023
-
Sample QuestionOn the 1st of the month a resident is billed for that month's rent. What effect does this have on the resident's total account balance?
This quiz, titled 'Plant Assets and Depreciation Chap 10', assesses understanding of asset management, focusing on the classification, costs, and depreciation of plant assets. It is designed to enhance knowledge in accounting and...
Questions: 29 | Attempts: 481 | Last updated: Mar 22, 2023
-
Sample QuestionWhich of the following assets does not decline in service potential over the course of its useful life?