Accounting Quizzes & Trivia
Microevolution
Questions: 13 | Attempts: 35
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Sample QuestionThe three models of natural selection are:
Questions: 15 | Attempts: 34
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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.
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Number of Questions:...
Questions: 10 | Attempts: 34
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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.
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Questions: 4 | Attempts: 33
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Sample QuestionWhich of the following are examples of liabilities:
Questions: 15 | Attempts: 33
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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
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Sample QuestionWhich of the following is a function of the financial accountant in a business which employs several accounting staff?
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Questions: 30 | Attempts: 30
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Sample QuestionThe Accounting Equation is: ASSETS = LIABILITIES + OWNER'S EQUITY OR ASSETS - LIABILITIES = OWNER'S EQUITY
Questions: 12 | Attempts: 30
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Sample QuestionWhich one of the following would you expect to find in the general ledger?
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Questions: 3 | Attempts: 30
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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
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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
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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
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Sample QuestionStatement Reports cannot be submitted until the 22nd of every month and must be approved by the end of the month
Kia Ora Wh�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
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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
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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
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Sample Question1. The length of time between financial reports is a fiscal period or fiscal year.
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Questions: 165 | Attempts: 28
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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
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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
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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
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Sample QuestionLiabilities are
Questions: 5 | Attempts: 27
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Sample QuestionThe basic accounting equation is
Questions: 21 | Attempts: 26
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Sample QuestionIn the entry to journalize the employer payroll taxes expense for a semimonthly period, the account debited would be
Chapter 1
Directions: Classify each account by selecting the correct answer for each item.
Questions: 20 | Attempts: 26
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Sample QuestionJones Payable
Questions: 10 | Attempts: 26
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Sample QuestionIndicate whether the following company is primarily a service, merchandise, or manufacturing business. WALMART
