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Financial Accounting Quizzes, Questions & Answers

Are you ready to dive into the exciting world of financial accounting? Look no further! Our Financial Accounting Quizzes are here to challenge your money smarts in the most entertaining way possible. Whether you're a budding accountant, a business enthusiast, or just someone curious about the numbers behind the scenes, these quizzes will engage, educate, and entertain you. Let's face it: numbers can be intimidating, but they're the heart and soul of every business.

Our Financial Accounting Quizzes aim to demystify the intricate world of financial statements, balance sheets, income statements, and more, all while making learning feel like a breeze. We've designed these quizzes to be your virtual guide, walking you through the essential concepts of financial accounting with a touch of humor and a dash of excitement. Gone are the days of dry and dull financial textbooks. Our quizzes infuse the subject with life, turning mundane numbers into thrilling puzzles waiting to be solved. Whether you're a rookie or a seasoned pro, these quizzes cater to all levels of expertise. Learning financial accounting doesn't have to be a tedious chore.

With our interactive quizzes, you'll experience a level of engagement that textbooks can't match. Whether you're squeezing in a quiz during your lunch break or diving deep on a lazy Sunday, our quizzes adapt to your schedule. Gain instant feedback on your answers and watch your confidence in financial accounting grow.

Top Trending Quizzes


Understanding the nitty-gritty of financial accounting can be tricky! We are here to help! This 'Financial Accounting Quiz Questions And Answers' will test your basic knowledge of the subject. Make sure to pick the...

Questions: 10  |  Attempts: 17196   |  Last updated: Mar 18, 2024
  • Sample Question
    These are economic resources with the ability or potential to provide future benefits?
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For each of the transactions, state which accounts are affected. Each transaction involves at least two accounts but could be more.

Questions: 10  |  Attempts: 8425   |  Last updated: Mar 22, 2023
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    A new computer was purchased by paying 30 percent cash down and signing a banknote for the remainder.
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Questions: 25  |  Attempts: 697   |  Last updated: Mar 20, 2023
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    Traditionally, financial accounting information has focused primarily on:
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Recording financial transactions: trivia quiz. For a transaction to be complete there are some documents that need to be provided before it is recorded in the financial statements. Do you know what a remittance advice is and...

Questions: 38  |  Attempts: 1819   |  Last updated: Mar 22, 2023
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    Kew has an overdraft of $4,400 at the start of June. The following four transactions occurred during June. Kew allows its customers up to 60 days to pay their invoices. 3 June: Kew sells goods worth $10,000 on credit to a customer who always takes the full credit period. 10 June: Kew pays a supplier $8,000. 20 June: Kew sells goods worth $12,000 for cash and allows a 5% discount. 23 June: Cash is received from a customer who has been in dispute with Kew. The original invoice was for $6,000, but Kew has agreed to accept half the invoice value to settle the dispute. How much does Kew have in the bank at the end of June?
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Questions: 55  |  Attempts: 827   |  Last updated: Mar 21, 2023
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    Sunset Tours has an Rs.3,500 account receivable from Mohan. On January 20, Mohan makes a partial payment of Rs.2100 to Sunset Tours. The journal entry made on January 20 by Sunset Tours to record this transaction includes:
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