Accounting Quizzes & Trivia
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 | Last updated: Jul 4, 2018
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 | Last updated: Feb 18, 2013
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 | Last updated: Mar 2, 2012
Sample QuestionMany current liabilities are affected by accrual accounting entries. This happens because:
Questions: 9 | Attempts: 35 | Last updated: Jul 30, 2011
Sample QuestionWHAT IS THE DEFINITION OF ACCOUNTING?
Questions: 13 | Attempts: 35 | Last updated: Jan 17, 2013
Sample QuestionThe three models of natural selection are:
Questions: 12 | Attempts: 34 | Last updated: Mar 13, 2020
Sample QuestionWhich one of the following would you expect to find in the general ledger?
Questions: 15 | Attempts: 34 | Last updated: Mar 13, 2014
Sample QuestionHow do we refund the amount in case of a COD order?
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: 10 | Attempts: 34 | Last updated: Feb 21, 2013
Sample QuestionWhich of the following statements are true? (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is that part of financial accounting which records the cash received and payments made by an organisation.
Questions: 44 | Attempts: 33 | Last updated: Feb 15, 2013
Sample QuestionPlant assets may properly include
Enter your name and email address below. Watch the video on the next page, take notes as if you were attending a lecture, then attempt the Premier Training quiz questions.
Questions: 4 | Attempts: 33 | Last updated: Jan 22, 2013
Sample QuestionWhich of the following are examples of liabilities:
Questions: 15 | Attempts: 33 | Last updated: Apr 26, 2018
Sample QuestionOn November 1, Rosebriar Apartments received $3,600 from a tenant for four months rent. The receipt was credited to Unearned Rent Revenue. What adjusting entry is needed on Dec 31?
Topic - Accounting Scene from Fundamentals of Financial Accounting - C02 This quiz consists of 5 objective type questions. Duration - 5 minutes Marking - 1 mark for correct answer. No negative marking.
Questions: 5 | Attempts: 32 | Last updated: Feb 15, 2013
Sample QuestionWhich of the following is a function of the financial accountant in a business which employs several accounting staff?
Questions: 75 | Attempts: 31 | Last updated: Feb 18, 2013
Sample QuestionNet working capital is the difference between
Hello Class! Congrats for making it to this point. Please give this your best shot! Good Bless!
Questions: 30 | Attempts: 30 | Last updated: May 25, 2018
Sample QuestionThe Accounting Equation is: ASSETS = LIABILITIES + OWNER'S EQUITY OR ASSETS - LIABILITIES = OWNER'S EQUITY
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Questions: 3 | Attempts: 30 | Last updated: Dec 11, 2014
Sample QuestionTraveling upstream on the Mississippi River, a barge travels 56 mi in 7 h. Downstream it travels the same distance in 4 h. Find the rate of the barge in still water and the rate of the current.
Questions: 8 | Attempts: 30 | Last updated: Jan 22, 2013
Sample QuestionFor corporations and limited liability companies the shareholders are entitled to a share of the companies profits - this is called a what?
CHoose the best word for each definition
Questions: 26 | Attempts: 30 | Last updated: Jan 15, 2013
Sample QuestionIs of vital importance for good internal control.
What Do You Know About Expense Approval Responsibilities? When running a business, it is important to ensure that every procedure is cleared before it takes place, or else the business assets would be used inappropriately or some...
Questions: 6 | Attempts: 29 | Last updated: Oct 17, 2019
Sample QuestionStatement Reports cannot be submitted until the 22nd of every month and must be approved by the end of the month
Kia Ora WhÄ�nauAnother awesome quiz from Brosir.com - making learning awesome, easy and FREE!Income Statement + Balance Day AdjustmentsOnce you have stared at the photo of Jacob long enough, feel free to continue the quiz :)
Questions: 8 | Attempts: 29 | Last updated: Dec 8, 2016
Sample QuestionThe purpose of an Income Statement is to show:
Basic accounting entails knowing what is being debited and what is being credited to an account. Other than that there is knowledge of how to treat the different transactions in the company’s books. Test your basic...
Questions: 10 | Attempts: 28 | Last updated: May 31, 2018
Sample QuestionWhat type of account is Allowance for Doubtful Accounts?
Basic Questions consisiting upon accounting vocab. This Quiz contains 5 Questions Regarding basic Accounting Vocab being used.
Questions: 5 | Attempts: 28 | Last updated: Feb 11, 2013
Sample Question1. The length of time between financial reports is a fiscal period or fiscal year.
Questions: 165 | Attempts: 28 | Last updated: Mar 14, 2016
Sample Question(221) Examples of other civilian personnel compensation (EEIC–392) include
Different costs are incurred during the manufacturing of products and are transferred to the consumer in the process. Do you have a good understanding of this cost and how do we account for them as accountants? Take up the...
Questions: 20 | Attempts: 28 | Last updated: Jul 4, 2018
Sample QuestionWhat's another name for manufacturing costs?
Can you answer these simple questions on accounting? Let's play this and prove yourself now!
Questions: 35 | Attempts: 27 | Last updated: May 5, 2017
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?
Take this Legal liability quiz and test your knowledge on definitions of liability. All the best for this quiz!
Questions: 69 | Attempts: 27 | Last updated: May 29, 2017
Sample QuestionLiabilities are