Financial Accounting Quizzes, Questions & Answers
Recent Financial Accounting Quizzes
Welcome to the Final Assessment for this S/4HANA Training!
This assessment is designed to help you check your knowledge of the content provided in the course.
This assessment covers the following units:
S4F12 - Basics of...
Questions: 67 | Attempts: 457 | Last updated: Mar 20, 2023
-
Sample QuestionWhat are the business benefits of S/4HANA Finance? (3 correct answers)
Explore key concepts of financial accounting in this CLEP quiz! Test your understanding of GAAP, double entry systems, accrual basis accounting, and financial statements. Perfect for enhancing your accounting principles knowledge...
Questions: 10 | Attempts: 280 | Last updated: Mar 21, 2023
-
Sample QuestionWhat is the full meaning of GAAP?
Dive into the 'Classification of Accounts Quiz! Test' to assess your understanding of key accounting concepts. This quiz covers various types of accounts including assets like cash, equipment, and motor vehicles, as well as...
Questions: 15 | Attempts: 590 | Last updated: Mar 21, 2023
-
Sample QuestionCash in hand
For each of the transactions, state which accounts are affected. Each transaction involves at least two accounts but could be more.
Questions: 10 | Attempts: 10892 | Last updated: Mar 22, 2023
-
Sample QuestionA new computer was purchased by paying 30 percent cash down and signing a banknote for the remainder.
This Quiz is to test your accounting information, its an advanced questions.
After you finish, you will review your answers before submit and then you will get your result with analysis & correct answer.
Financial...
Questions: 15 | Attempts: 265 | Last updated: Mar 21, 2023
-
Sample QuestionA manufacturing company recognized a valuation provision to inventories due to their obsolescence. Can the manufacturing offsetting inventory valuation provision against inventory balance in the statement of financial position?
Advanced Financial Accounting Exam Quiz assesses understanding of inventory valuation, dividend presentation, adjustments for non-cash items, and balance sheet principles. It tests key accounting skills essential for financial...
Questions: 10 | Attempts: 3348 | Last updated: Aug 29, 2023
-
Sample QuestionWhat is the basic principle for measuring inventories?
This mid-term test for Financial Accounting - MMS I assesses knowledge in accounting sub-fields, system purposes, bookkeeping, and financial statements. It evaluates skills essential for understanding and managing financial data,...
Questions: 34 | Attempts: 139 | Last updated: Mar 16, 2023
-
Sample QuestionWhich of the following is not a sub field of Accounting?
This quiz focuses on the application of Auto CIP Scripts in the context of Depreciation, Amortization, and related financial adjustments, exploring various financial coding and reporting standards.
Questions: 10 | Attempts: 234 | Last updated: Mar 14, 2023
-
Sample QuestionWhen the Depreciation and amortization in I/S and C/F is negative, Select the correct FCC from the below list.
This Financial Accounting Exam II assesses key concepts such as note receivables, sales discounts, and uncollectible accounts. It focuses on real-world application of accounting principles like the allowance method, ensuring...
Questions: 23 | Attempts: 589 | Last updated: Mar 22, 2023
-
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
How to post sales, trade debtors and bad debt.A thorough course in Basic Financial accountingImage courtesy of adamr / FreeDigitalPhotos.net
Questions: 7 | Attempts: 258 | Last updated: Mar 20, 2023
-
Sample Question28. Journal entry of payment from debtor (customer) - always ignoring VATA company just received payment from an earlier credit sale to a costumer. The amount received is 75.000. The amount is transferred from the costumer into the company’s bank account.How should the information above be posted?
Advertisement