Accounting Quizzes & Trivia
Can you correctly answer all these questions about accounting? Let's test your knowledge on this now by taking this quiz!
Questions: 43 | Attempts: 75 | Last updated: May 29, 2017
Sample QuestionA record summarizing all the information pertaining to a single item in the accounting equation.
The questions are set as per ACCA standards and are hence worded to confuse students. You can access your total score and the correct answer to each question immediately after submitting your answers. Number of Questions:...
Questions: 18 | Attempts: 74 | Last updated: Feb 21, 2013
Sample QuestionA trade receivable is an example of:
Questions: 50 | Attempts: 73 | Last updated: Feb 5, 2017
Sample QuestionThe goal of managerial accounting is to provide the information that managers need for all of the following EXCEPT:
Are you about to apply for the position of cashier and are looking for a way to test your knowledge when it comes to cashier vocabulary? The special trivia test below will teach you more of them and refresh your knowledge about...
Questions: 5 | Attempts: 72 | Last updated: Sep 6, 2019
Sample QuestionCashiers pay for all of the things that people want to buy.
A basic test of your Accounting will be held in this Quiz Comprising of Basic 6 Questions About Accounting.Do take this Quiz in order to groom your skills in Accouning INSHA'ALLAH.
Questions: 6 | Attempts: 72 | Last updated: Feb 5, 2013
Sample QuestionAccumulated Depriciation Account is a Contra Asset Account?
Questions: 4 | Attempts: 70 | Last updated: Jun 29, 2016
Sample QuestionTaxation on Individual Disability Income is best described as incorrect in which statement?
Review for final exam in Accounting 202.
Questions: 70 | Attempts: 68 | Last updated: Jan 11, 2013
Sample QuestionWhich one of the following items is not generally used in preparing a statement of cash flows?
Basic accountancy questions
Questions: 3 | Attempts: 67 | Last updated: Jul 30, 2011
Sample QuestionThe recording of business transactions is the main function served by Accounting.
Accounting is a fun topic to learn and as you are in your second level you have been able to gather a lot of knowledge. The multiple choice quiz is set in a way that it covers all you should know up to this point. Give it a...
Questions: 21 | Attempts: 67 | Last updated: Jul 4, 2018
Sample QuestionRent received in advance is a liability until the rented space is actually
Questions: 32 | Attempts: 66 | Last updated: Dec 15, 2017
Sample QuestionThe process of understanding and specifying in detail what the information system should accomplish is called systems ____.
You have 60 minutes to complete this exam. Good luck!
Questions: 25 | Attempts: 66 | Last updated: Jan 18, 2013
Sample QuestionChoose another phrase that means "cancel."
Different organizations have different reporting styles and ways to account for their periodic activities. Find out more about accounting and reporting for the Federal government Nfp through the quiz below.
Questions: 19 | Attempts: 65 | Last updated: Mar 30, 2018
Sample QuestionFederal statutes assign responsibility for establishing and maintaining a sound financial structure for the federal government to which of the following:
Complete the following quiz. Make sure to save your certificate in your j-drive. Save as: yourname and lastname quiz 1
Questions: 20 | Attempts: 64 | Last updated: Feb 13, 2013
Sample Questionare similar to expenses in the way that both decrease assets or increase liabilities; however, losses differ from expenses in that they are caused by incidental transactions, rather than from ordinary operating activities.
Accounting is a fairly broad term given to the measurement, processing and communication of financial information about economic entities. Do you know as much as you probably should on the practice? Let’s take a look!
Questions: 45 | Attempts: 64 | Last updated: Dec 5, 2017
Sample Question. Which of the following is true about foreign direct investment? .
Accounting is one of the complicated subjects to study especially if you are not so good with math. The good news is that, with enough and relevant practice, you will become better. Accounting 201 chapters 1&2 is here for...
Questions: 50 | Attempts: 60 | Last updated: Apr 16, 2018
Sample QuestionWhich of the following best describes a liability? Liabilities are:
Questions: 40 | Attempts: 60 | Last updated: Feb 5, 2013
Sample QuestionWhich of the following statements regarding liabilities is true?
The changes in cost and volume of the output have an effect on the company’s operating and net income. The study of this change is what we covered in the previous class on chapter seven. The quiz below is designed to...
Questions: 30 | Attempts: 60 | Last updated: Jul 4, 2018
Sample QuestionThe unit contribution margin is computed by:
As you start your journey as an accountant there are some words that will be mentioned throughout the course of your studies. You should therefore ensure you understand each word so that you don’t get confused once they...
Questions: 19 | Attempts: 60 | Last updated: Jul 4, 2018
Sample QuestionA written offer to a supplier to buy certain items is called a(n) ____________.
Questions: 10 | Attempts: 59 | Last updated: Mar 7, 2013
Sample QuestionHomes purchased a tract of land, small office building, and equipment for 1,800,000. The appraised value of the land was 1,144,000, the building 660,000, and the equip 396,000. What is the cost of the land?
Most of the successful businesses operate on debt basis and it is rare to find one that does not owe or is not owed by another company. Today we covered account receivable and how to ensure they do not affect the going...
Questions: 40 | Attempts: 58 | Last updated: Jul 4, 2018
Sample QuestionMangers should act
There are two different types of cost systems. These systems help a manufacturing company to know which products are profitable to make and those that are not. These costing systems are beneficial as they increase...
Questions: 11 | Attempts: 58 | Last updated: Jul 4, 2018
Sample QuestionWhat are the two basic types of costing systems?
If you want to be a cashier you need to have some necessary math skills and a useful vocabulary too. Being that there are a lot of people in the job market, it is important to ensure that your skills are always top-notch and the...
Questions: 5 | Attempts: 56 | Last updated: Sep 6, 2019
Sample QuestionA customer's order total is $6.87. The customer give you $10.32. What will the amount of the change you will give back?
Questions: 23 | Attempts: 55 | Last updated: Jan 30, 2013
Sample QuestionThe difference between the cost of a fixed asset and its accumulated depreciation.
This quiz will test your understanding of the material covered in the first two chapters of "What You Really Need to Know About Accounting"
Questions: 5 | Attempts: 54 | Last updated: Jan 23, 2013
Sample QuestionAccounts are made up of:
Questions: 43 | Attempts: 52 | Last updated: May 20, 2013
Sample Question2. Regency Corp. recently acquired $500,000 of the bonds of Safire Co., one of its subsidiaries, paying more than the carrying value of the bonds. According to the most practical view of this intra-entity transaction, to whom would the loss be attributed?