Accounting Quizzes, Questions & Answers

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Basic Accounting Quiz Questions And Answers

Basic Accounting Quiz Questions and Answers

Here's an awesome 'Basic Accounting Quiz' for all the students studying accounts! Accounting is something that is existent in different companies and is essential to ensure that a business keeps on growing. The...

Questions: 10 | Attempts: 51229 | Last updated: Mar 24, 2022

Sample Question
Profit is equal to:

Income minus expenses

Receipts minus expenditures

Inflows minus outflows

Revenue minus expenses

Your Accounting Skill Test

As an accounting student, you need to ensure that you are up to date with what you study. This accounting test is specially created to test your accounting skills with intermediate level questions. Only the brightest of...

Questions: 20 | Attempts: 739 | Last updated: Mar 21, 2023

Sample Question
Using the FIFO method answer the following question. A company purchases 25 units at a price of $5 each. Then they purchase 10 units at the price of $4 each. Afterwards, they sell 30 units at a price of $10 each. Then they sell 2 units at a price of $15. Then they sell 3 units at the price of $15 each. What is the COGS?

$165

$375

$465

None of the above

Accounting Quiz For Starters

Struggle to study accountancy? Take this accounting quiz for starters, and see how much you understand accounts. Well, it is not that difficult, especially if you know the basics. This is an accounting quiz designed to clear some...

Questions: 25 | Attempts: 1457 | Last updated: Aug 28, 2023

Sample Question
To increase a cash account, we have to credit it.

True

False

IPSAS For Project Management Quiz

IPSAS for Project Management Quiz

Dive into the world of International Public Sector Accounting Standards (IPSAS) with our illuminating "IPSAS for Project Management Quiz." Tailored for project managers, financial professionals, or anyone navigating the...

Questions: 10 | Attempts: 298 | Last updated: Dec 7, 2023

Sample Question
Under IPSAS, which of the following is NOT correct?

IPSAS is an accounting standard that places ground rules on how organisations record economic transactions in their financial statements

IPSAS is replacing a 'modified cash' type of accounting

IPSAS will have a significant impact on how information is collected and reported in an organisation.

IPSAS will only have an affect upon the work of Finance and HQ personnel

Accounting 202 - Chapter 3.1 Review Test Quiz

Accounting 202 - Chapter 3.1 Review Test Quiz 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...

Questions: 11 | Attempts: 122 | Last updated: Mar 20, 2024

Sample Question
What are the two basic types of costing systems?

Job costing and process costing

Periodic costing and perpetual costing

Product costing and materials inventory costing

Periodic costing and process costing

Questions On Srap: Trivia Quiz!

Questions on SRAP: Trivia Quiz!

Explore the intricacies of SRAP through 'Questions on SRAP: Trivia Quiz!' This quiz assesses knowledge on SRAP's financial protocols, expense categorization, and journal entry rules, sharpening skills critical for financial and...

Questions: 15 | Attempts: 32 | Last updated: Mar 14, 2023

Sample Question
What does PSNME stand for?

Product Supply Non-Manufacturing Expense

Product Supply Non-Managing Expense

Purchase Suppy Non-Manufacturing Expense

Purchase Suppy Non-Managing Expense

Introduction To Accounting, Regulatory Framework And Accounting Conventions

Introduction to Accounting, Regulatory Framework and Accounting Conventions

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: 18 | Attempts: 1669 | Last updated: Aug 23, 2023

Sample Question
A trade receivable is an example of:

Asset

Liability

Income

Perusahaan Dagang

perusahaan dagang

Kuis akuntansi perusahaan dagang, sebelum anda mengerjakan marilah kita berdiri untuk menyanyikan mars sedes " siswa sedes sapientiae bertekat membangun diri berjuang untuk hari depan berbakti pada pertiwi kami kan giat...

Questions: 17 | Attempts: 2675 | Last updated: Mar 22, 2023

Sample Question
Yang termasuk kategori perusahaan dagang adalah 1. Toko swalayan, 2. dealer kendaraan, 3. perusahaan expor-impor, toko sepatu dan pakaian, 4. kios voucher hand phone, 5. kios tato temporer, 6. perusahaan katering

1, 2, 4, 5

1, 2, 3, 4

2, 3, 5, 6

3, 4, 5, 6

1, 3, 5, 6

Accounting 201 - Chapter 4 Review Test Quiz

Welcome to chapter 4 of the Accounting 201 quiz. There are some rules that every accountant should follow when preparing financial statements and are laid down in form of concepts. Are you familiar with the basic accounting...

Questions: 31 | Attempts: 2702 | Last updated: Mar 22, 2023

Sample Question
When preparing a bank reconciliation, which of the following items should be subtracted from the bank balance?

Deposits in transit

Bank service charges

EFT cash receipts

Outstanding checks

International Accounting - Ch 9

IFRS focus on accounting for inflation, consolidations, and segment reporting contrasted with U.S. GAAP Basef on chapter 9 of the textbook International Accounting 3rd edtion by Doupnik and Perera

Questions: 16 | Attempts: 193 | Last updated: Mar 22, 2023

Sample Question
____________ accounting was created to account for changes in the general price level and makes adjustments to the historical costs of non-monetary assets to update for changes in the purchasing power of the currency.

General purchasing power

Current replacement cost

Price level

Current cost

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