Financial Accounting Quizzes & Trivia
Questions: 10 | Attempts: 3728 | Last updated: Dec 26, 2019
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Sample QuestionThese are economic resources with the ability or potential to provide future benefits?
Financial Accounting means to analyze, summarize, and record financial transactions as well as to show an accurate picture of the financial affairs of the company. This quiz has been developed to test your knowledge of...
Questions: 10 | Attempts: 1673 | Last updated: Jun 23, 2019
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Sample QuestionThe stock is attractive to investors because stockholders are not liable for the corporation's actions and debts and because the stock is easily transferred.
These are 5 True-False questions that were selected randomly from our mid-term exam for you to practice with.
Questions: 5 | Attempts: 709 | Last updated: Apr 24, 2018
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Sample QuestionEthics are not important to the primary functions of accounting.
Related
Financial Accounting Questions & Answers
What is the difference between Available Balance and Posted Balance?
Posted balance is the amount of balance you see in your bank account and is physically available for use. It is calculated as the outcome of a transaction which was executed in the past.
A posted balance is the real balance posted on the actual bala
What type of concept example is this?
Uncertainty and risks inherent in business situations should be adequately considered in financial reporting.
1. conservatism.-under the conservatism constraint, when alternative accounting methods are appropriate, the one having the less favorable effect on net income and total assets is preferable. however, conservatism does not permit a deliberate underst
What type of office salaries, advertising, and sales commissions are the examples?
The correct answer is option B
Operating expenses is also known as operating expenditure, operational expenditure or operational expense.
These expenses are expenditures that a business incurs to engage in activities associated with the production o
What is the interest revenue recorded by Nelson Inc. if they accept a $100,000 note at 8%? Use the following data.
Date of Acceptance: April 1, 2012.
Date of Receiving: March 31,...
More
The interest revenue off this $100,000 should be $8,000. This is actually fairly easy calculation. First, you divide $100,000 by .08. This gives you $8,000. That is literally all you need to do to find the interest revenue for the year this has been
MGT101- Financial
Accounting
Questions: 19 | Attempts: 631 | Last updated: Jan 2, 2013
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Sample QuestionOffice salaries, advertising and sales commissions are the examples of:
Questions: 6 | Attempts: 583 | Last updated: Dec 16, 2019
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Sample QuestionDebit means
This is a interesting and important quiz for accounting. Take this quiz and have a good time!
Questions: 22 | Attempts: 500 | Last updated: Feb 24, 2016
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Sample QuestionA transaction that has been recorded in wrong account of the same class instead of being recorded in the right account
Are you an accountant who is trying to see how well they understand the Financial Accounting Standards Board Codifications? In order to ensure that your records are not misstatement, you need to follow the guidelines put in place...
Questions: 10 | Attempts: 443 | Last updated: Sep 6, 2019
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Sample QuestionBased on your assigned reading (https://sites.google.com/site/thecodification/grading) for this class activity, respond to the following question: CODE-Q1 The codification was first published as of July 1, 2009. It is effective for interim or annual periods ending after:
Financial Accounting Exam II, Chapters 5 and 6
Questions: 23 | Attempts: 413 | Last updated: Jan 30, 2013
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Sample QuestionOn April 1, 2012, Nelson Inc. accepts a $100,000, 8% note. The note receivable and interest are receivable on March 31, 2013. On March 2013, Nelson Inc. will record interest revenue of
Financial Accounting means to analyze, summarize, and record financial transactions as well as to show an accurate picture of the financial affairs of the company. This quiz has been developed to test your knowledge about...
Questions: 10 | Attempts: 305 | Last updated: Jun 29, 2019
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Sample QuestionAll of the information ( nae, age, major, etc.) about a partiular student is stored in which of the following?
Financial accounting is one of the courses taken by an aspiring certified accountant. Are you looking for revision material for an exam? If the answer is yes look no further and take up the quiz below to see if you indeed are...
Questions: 24 | Attempts: 267 | Last updated: Aug 1, 2018
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Sample QuestionFinancial Accounting in SAP ERP contains several ledgers. Which of the following are ledgers in Financial Accounting? (4 correct answers)
For each of the transactions, state which accounts are affected. Each transaction involves at least two accounts but could be more.
Questions: 10 | Attempts: 214 | Last updated: Dec 9, 2019
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Sample QuestionA new computer was purchased by paying 30 percent cash down and signing a banknote for the remainder.
General Quiz on Finacial Accounting Knowledge for students at basic level. By taking this Quiz,surely you will feel somewhat better than before as you will gain some knowledge INSHA'ALLAH.
Questions: 20 | Attempts: 164 | Last updated: Feb 5, 2013
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Sample QuestionFinancial accounting is focused on the __________ financial statements of a company.
Reporting and Interpreting Cost of Goods Sold
Questions: 8 | Attempts: 98 | Last updated: Feb 11, 2013
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Sample QuestionWhich of the following are acceptable inventory costing methods
Questions: 33 | Attempts: 79 | Last updated: Dec 12, 2019
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Sample QuestionOne of the differences between accounting for a governmental (not-for-profit) unit and a commercial (for-profit) enterprise is that a governmental unit should:
Questions: 23 | Attempts: 74 | Last updated: Nov 6, 2017
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Sample QuestionOn April 1, 2012, Nelson Inc. accepts a $100,000, 8% note. The note receivable and interest are receivable on March 31, 2013. On March 2013, Nelson Inc. will record interest revenue of
MGT101 : This is a trivia questions quiz designed to test your financial accounting knowledge! For you to be a skilled accountant, you need to have enough information about all the principles of accounting and how to record every...
Questions: 40 | Attempts: 63 | Last updated: Jan 17, 2020
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Sample QuestionProper recording of any dealing between two persons involving money or a valuable thing is called ________
- Financial issues, - Third Party Programs, - Online Adjudication, - Rejected Claims, - Other Billing Procedures
Questions: 45 | Attempts: 63 | Last updated: Dec 19, 2011
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Sample QuestionThe resolution of prescription coverage through the communication of the pharamacy computer with the third party computer
O presente questionário solicita que o usuário apenas reporte qual emoção é transmitida pelas imagens exibidas. As respostas são de múltipla escolha e tem caráter subjetivo,...
Questions: 41 | Attempts: 31 | Last updated: Oct 6, 2014
Financial Accouting Midterm Practice Part 2Questons 1-36 from Quiz 3
Questions: 57 | Attempts: 28 | Last updated: Jan 2, 2013
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Sample QuestionWhich of the following best represents the expanded accounting equation?
Financial Accouting Midterm Practice Chapter 1 questions are 1-41Test 2 questions 42-66Chapter 2 questions 67-
Questions: 99 | Attempts: 28 | Last updated: Dec 31, 2012
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Sample QuestionWhich of the following groups has primary responsibility for developing the GAAP?
Basic concepts
Questions: 20 | Attempts: 24 | Last updated: Dec 17, 2011
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Sample QuestionIdentify whether this item belongs to the Income Statement (IS), Balance Sheet (BS), Statement of Retained Earnings (SRE), or Statement of Cash Flows (SCF). Some items may appear in more than one statement. Dividends
Questions: 8 | Attempts: 21 | Last updated: Feb 11, 2013
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Sample QuestionThe payment of a liability in cash will decrease stockholders' equity.
Sofa king we todd did
Questions: 103 | Attempts: 20 | Last updated: Dec 26, 2012
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Sample QuestionAccounting
Questions: 50 | Attempts: 19 | Last updated: Oct 22, 2018
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Sample QuestionWhich financial accounting number impacts stock prices more than any other single piece of information?
Welcome to this financial accounting quiz on debit and credit trivia questions. When it comes to recording transactions, the one rule that all accountants should remember is that for every debit, there is a credit to be made. Do...
Questions: 10 | Attempts: 13 | Last updated: Jan 24, 2020
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Sample QuestionA business pays a supplier 100 in cash, which account does it credit?
