Financial Accounting Quizzes, Questions & Answers
Recent Financial Accounting Quizzes
Questions: 34 | Attempts: 141 | Last updated: Mar 16, 2025
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Sample QuestionWhich of the following is not a sub field of Accounting?
Questions: 10 | Attempts: 235 | Last updated: Mar 14, 2025
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Sample QuestionWhen the Depreciation and amortization in I/S and C/F is negative, Select the correct FCC from the below list.
Questions: 23 | Attempts: 589 | Last updated: Mar 22, 2025
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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
Questions: 7 | Attempts: 259 | Last updated: Mar 20, 2025
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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?
Questions: 10 | Attempts: 256 | Last updated: Mar 20, 2025
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Sample Question14. Journal entry of goods for resale - Cash purchase without VATA trading company just purchased goods for resale. The total purchase amount for the goods was 500.000. The goods were paid for in cash upon delivery.How should the information above be posted?
Questions: 11 | Attempts: 363 | Last updated: Mar 20, 2025
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Sample Question3. Journal entry of fixed assets – Cash purchase without VATA company has purchased a building for 4.000.000. The building has been paid for in cash and will be used for production in connection with the firm’s activities.How should the information above be posted?
Questions: 35 | Attempts: 3044 | Last updated: Oct 18, 2025
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Sample QuestionPermanent accounts are found on the Balance Sheet section of the work sheet.
Questions: 50 | Attempts: 385 | Last updated: Mar 21, 2025
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Sample QuestionWhich financial accounting number impacts stock prices more than any other single piece of information?
Questions: 50 | Attempts: 7469 | Last updated: Mar 21, 2025
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Sample QuestionBills Payable A/c is shown in the balance sheet under the head.
Questions: 15 | Attempts: 376 | Last updated: Mar 21, 2025
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Sample QuestionOn November 1, Rosebriar Apartments received $3,600 from a tenant for four months rent. The receipt was credited to Unearned Rent Revenue. What adjusting entry is needed on Dec 31?
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