Bookkeeping Quizzes & Trivia

Accountants, lawyers, and librarians, they all do the same thing i.e. book keeping! Whether its' counting numbers, reading up on cases, or packing away after schoolkids have gone, books are needed. However, if we were to use that as a starting block, these quizzes would be nigh impossible. So, we'll stick to numbers.

Are you an accountant at heart, or do you just have a thing for numbers? Are you able to tell your profit from your gross? Do you know what a profit margin is? Or whether invoices should be filed away? Do you know your suppliers from your customers and your salaries from your taxes? If so, get ready to crunch the numbers on these Bookkeeping quizzes!

Bookkeeping is the most essential and crucial fundamental term in accounting for managing financial transactions. And if you are in this area of study or work, you must take this quick test on the same. So, welcome to Bookkeeping...

Questions: 10  |  Attempts: 41500   |  Last updated: Dec 4, 2019
  • Sample Question
    A source document is:

Here are 10 questions on bookkeeping journals based on the above content. Let's see how much can you score.

Questions: 10  |  Attempts: 2094   |  Last updated: May 16, 2019
  • Sample Question
    What are bookkeeping journals?

You should have watched the video entitled "Principles of Double Entry Bookkeeping : Part 1" before attempting this short quiz.Allow yourself 10 minutes to complete the quiz.Good Luck!

Questions: 4  |  Attempts: 1435   |  Last updated: Jan 21, 2013
  • Sample Question
    An accounting system is concerned with

Before attempting this short quiz you should have watched the video "Principles of Double Entry Bookkeeping Part 2"You are allowed 30 minutes to complete the quiz.Good Luck!

Questions: 11  |  Attempts: 1346   |  Last updated: Jan 22, 2013
  • Sample Question
    Payment of insurance through the bank involves entries in two accounts

Before attempting this quiz you should have watched the video entitled "Principles of Double Entry Bookkeeping part 3".You have 15 minutes to complete the quiz.Good Luck!

Questions: 4  |  Attempts: 1068   |  Last updated: Jan 22, 2013
  • Sample Question
    On each side of the 'T' account there must be a  least three columns:1. date2. amount3.




Bookkeeping Questions & Answers


How many account groups does the Chart of Accounts comprize?
_Asset _Liability _Equity / Capital _Revenue/Income _Expense _Taxes Other Than Income / Income Tax Expense (Benefit) ??
What happens when an asset/expense account is debited?
Debiting the expense account - decreases it.
Receipt of rent paid by a tenant involves entries in the bank account and the
Can u explain me this question and the answer for it
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