10th Grade Financial Accounting Quizzes, Questions & Answers
Top Trending Quizzes
This Basic Accounting Exam: Quiz! MCQ assesses fundamental accounting principles, focusing on transactions, account types, and financial statements. It tests skills crucial for understanding asset management and revenue...
Questions: 10 | Attempts: 1939 | Last updated: Mar 21, 2023
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Sample QuestionA debit entry to an account.
This quiz assesses knowledge in Financial Accounting for SSS 1, covering topics like capital, source documents, accounting bodies, and ledger management.
Questions: 50 | Attempts: 1313 | Last updated: Jan 13, 2025
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Sample QuestionAnother word for start-up fund for business is ……… a
This quiz on 'Rectification of Errors' assesses knowledge in adjusting previous accounting inaccuracies, understanding trial balance errors, and their implications on financial statements. It's crucial for learners aiming to...
Questions: 57 | Attempts: 1338 | Last updated: Mar 21, 2023
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Sample QuestionWhile finalizing the current year's profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result
Do you know how to answer accounts questions? Would you be able to pass this quiz? According to this quiz, you must be aware of where bills payable is shown, what is considered an asset, what is a liability, what is the meaning...
Questions: 50 | Attempts: 7322 | Last updated: Mar 21, 2023
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Sample QuestionBills Payable A/c is shown in the balance sheet under the head.
This Accountancy Quiz MCQ: Exam assesses knowledge in financial accounting, focusing on bad debts, account types, and the basic accounting equation. It evaluates understanding of liabilities, events in business, and transaction...
Questions: 15 | Attempts: 475 | Last updated: Mar 22, 2023
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Sample QuestionA company had a doubtful debt provision of £14,000 on 31 December 2008. Its trade receivables at 31 December 2009 were £198,200. The company considers that receivables totaling £12,200 will not be paid and in addition planned to make a doubtful debt provision for 10% of its net receivables on 31 December 2009. What is the charge for bad and doubtful debts in the income statement for the year ended 31 December 2009?
Recent Quizzes
This quiz assesses knowledge in configuring SAP S\/4HANA for Financial Accounting, focusing on depreciation, SAP Fiori UX, bank master data, and payment automation. It's designed for associates aiming to validate their skills in...
Questions: 67 | Attempts: 1335 | Last updated: Jan 27, 2023
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Sample QuestionHow do you configure depreciation areas in SAP S/4HANA?
This quiz, titled 'Accounting Chapter 10 Closing Entries', tests understanding of key accounting concepts related to closing entries. It covers the nature of permanent accounts, the balance of Income Summary, the process of...
Questions: 35 | Attempts: 2979 | Last updated: Oct 18, 2024
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Sample QuestionPermanent accounts are found on the Balance Sheet section of the work sheet.
This quiz focuses on basic accounting practices and definitions, assessing knowledge in liabilities, transactions affecting retained earnings, and impacts of various financial activities on business accounts. It's designed to...
Questions: 50 | Attempts: 485 | Last updated: Mar 21, 2023
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Sample QuestionWhich of the following best describes a liability? Liabilities are:
This quiz assesses key concepts in financial accounting, focusing on the measurement and communication of financial information, types of activities (financing and investing), and understanding of essential financial statements...
Questions: 30 | Attempts: 430 | Last updated: Mar 21, 2023
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Sample QuestionWhich of the following best describes financial accounting?
Do you know anything about accounting principles and knowledge? Could you pass this quiz? Financial accounting is the branch of corporate accounting that identifies, records, and examines financial data for people outside of...
Questions: 20 | Attempts: 2408 | Last updated: Mar 22, 2023
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Sample QuestionThe personal assets of the owner of a company will not appear on the company's balance sheet because of which principle/guideline?
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