Accounting Quizzes & Trivia
Process costing is very different from job costing. While one is the accumulation of dingle costs throughout the process the other is an accumulation of all cost involved for a process. Do you believe you can distinguish the...
Questions: 8 | Attempts: 51
Sample QuestionDirect labor costs plus manufacturing overhead costs equal:
This is a quick and easy quiz to guide accounting students to find their optimal career.
Questions: 15 | Attempts: 51
Sample QuestionDo you like repetitive routine work?
This quiz will test your understanding of the material covered in the third chapter of "What You Really Need to Know About Accounting".Visit http://www.notforaccountants.com/learning-tools.php for more quizzes.
Questions: 10 | Attempts: 50
Sample QuestionWhat are the three sections of the Balance Sheet?
The finals for the accounting class are almost here. To get rid of the pre exam jitters the quiz below is designed to cover all the material covered so far and ensure you get an A. Give the test a try and note the areas you...
Questions: 21 | Attempts: 50
Sample QuestionOn a worksheet for a merchandising company that uses a perpetual inventory system
Accounting study test for the basics.
Questions: 11 | Attempts: 49
Sample QuestionExample of external users
This test requires a lot of studying on the students’ part. The multiple answer questions given-below make it easier for one to revise and refresh their memory on what they have learnt so far. If you believe in yourself and...
Questions: 34 | Attempts: 48
Sample QuestionTo record revenue and expenses is the role of the...
Questions: 10 | Attempts: 45
Sample QuestionGoods a business purchases to sell are called capital?
Do you feel confident that what we covered in the previous class on processes costing is now well understood? Take up the quiz and let the score show if you are ready to dive deeper into what process costing is all about. All...
Questions: 14 | Attempts: 45
Sample QuestionWhen units are moved from one processing department to the next, the cost associated with those units must also be moved from one WIP account to the next. These costs are called:
As the texts keep diving deeper and deeper to what you have covered so far, the need to take up proper revision also increases. The quiz below is designed to help you pass the tests that are drawing nearer. Give it a go and...
Questions: 92 | Attempts: 45
Sample QuestionGross profit will result if:
Statement of Financial Position / Balance Sheet Sonny Bill Williams LTD - For the Year Ended 31 March 31/03/Infinity [we hope] Is Sonny Bill Williams an Asset or a Liability?...
Questions: 15 | Attempts: 45
Sample QuestionAccounts Receivable
Review for Exam 1
Questions: 4 | Attempts: 44
Sample QuestionClassify each cost as a product or a period cost. Wages for production workers:
The final accounting exam is just around the corner and do you believe you are as ready as can be to tackle it? If you believe this to be true then the revision quiz below should be a walk in the beach for you. Give it a try...
Questions: 89 | Attempts: 44
Sample QuestionRyan, Inc., uses straight-line depreciation for all of its depreciable assets. Ryan sold a used piece of machinery on December 31, 2012, that it purchased on January, 2011, for $10,000. The asset had a five-year life, zero risidual value, and $2,000 accumulated depreciation as of december 31, 2011. If the sales price of the used machine was $6,500, the resulting gain or loss upon the sale was which of the following amounts?
Terms used in Accounts and book keeping
Questions: 12 | Attempts: 44
Sample QuestionWhat is credit?
Questions: 12 | Attempts: 43
Sample QuestionHow do you determine when a customer started billing for a service?
Take this quick interactive quiz to test your knowledge on basic accounting questions. Let's start this quiz now, all the best!
Questions: 10 | Attempts: 42
Sample QuestionThe accounting equation is Assets + Liabilities = Owners Equity
Take this quiz to learn more Account.
Questions: 23 | Attempts: 39
Sample QuestionThe most useful financial statement for analyzing a company’s profitability is the:
Accounting I Mid-Term for the entire First Quarter of learning
Questions: 40 | Attempts: 39
Sample QuestionWhat is a want?
Accounting 101 - 1
Questions: 3 | Attempts: 38
Sample QuestionA debit is _______.
Test Your Accounting Concepts Knowledge using this Trivia Questions Quiz. Accounting is a major department in any organization as it is tasked with collection, recording and use of funds as needed to meet the objectives of the...
Questions: 10 | Attempts: 37
Sample QuestionCosts incurred to increase the operating efficiency, productive capacity, or useful life of a plant asset referred to as--------
This quiz is easy if you dont get everyone right u shuold.......idk
Questions: 5 | Attempts: 37
Sample QuestionWhich is NOT included on a balance sheet?
Questions: 39 | Attempts: 36
Sample QuestionAn example of an item which is not a liability is
So far we have covered seven chapters in accounting 201. This most recent chapter we covered assets and how changes in the assets are recorded. Take up the quiz below and see what you recall so far. Give it your best and...
Questions: 39 | Attempts: 36
Sample QuestionLong-lived tangible assets that are used in the operation of the business are called:
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: 35
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.
Solidfy concepts learned
Questions: 21 | Attempts: 35
Sample QuestionMany current liabilities are affected by accrual accounting entries. This happens because:
Questions: 9 | Attempts: 35
Sample QuestionWHAT IS THE DEFINITION OF ACCOUNTING?