Financial Accounting Quizzes, Questions & Answers
Recent Quizzes
This Financial Accounting Exam: Quiz! MCQ assesses key concepts in financial accounting, focusing on profitability, value creation, and historical economic transitions. It tests understanding of financial statements and...
Questions: 25 | Attempts: 958 | Last updated: Mar 21, 2023
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Sample QuestionTraditionally, financial accounting information has focused primarily on:
This quiz titled 'Practical Accounting 1' assesses knowledge in financial accounting, covering topics like net income adjustments, membership fee revenue recognition, markup based pricing, and tax calculations. It is designed for...
Questions: 5 | Attempts: 974 | Last updated: Mar 21, 2023
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Sample Question1. Alpha Company provided the following information relating to the current year: Net income 3,500,000 Unrealized gain on available for sale securities 250,000 Foreign currency translation adjustment – credit 50,000 Revaluation surplus 1,000,000
This Accy 111 Chapter 6 quiz assesses understanding of compound interest, effective interest rates, and present value calculations. It tests knowledge crucial for accounting and finance, focusing on both theoretical concepts and...
Questions: 15 | Attempts: 416 | Last updated: Mar 19, 2023
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Sample QuestionCompound interest includes interest earned on interest.
Accy 111 Chapter 7 Questions: Quiz! This quiz assesses key accounting concepts such as cash equivalents, internal controls, compensating balances, and sales returns. It is designed to improve accuracy in financial reporting and...
Questions: 15 | Attempts: 440 | Last updated: Mar 21, 2023
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Sample QuestionCash equivalents would include investments in marketable equity securities as long as management intends to sell the securities in the next three months.
The ACCT 202 Final Review assesses understanding of cash flow statements, focusing on their preparation, purpose, and transaction reporting. It evaluates key skills in managing and analyzing financial activities, crucial for...
Questions: 70 | Attempts: 391 | Last updated: Mar 20, 2023
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Sample QuestionWhich one of the following items is not generally used in preparing a statement of cash flows?
MGT101 Financial Accounting Exam Quiz tests knowledge on asset management, accounting equations, and bank reconciliation, essential for understanding corporate financial operations and compliance with accounting standards.
Questions: 41 | Attempts: 444 | Last updated: Mar 22, 2023
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Sample QuestionParticulars Rs. Opening written down value of machine 1,00,000 Cost of new machine purchased during the year 50,000 Depreciation during the year 21,000 Closing written down value (WDV) ?
This quiz on 'Ledger and Trial Balance' assesses knowledge on trial balance, T accounts, and ledger adjustments. It evaluates understanding of financial statements preparation and ensures readiness for more advanced accounting...
Questions: 5 | Attempts: 1777 | Last updated: Jun 10, 2024
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Sample QuestionWhich of the following best describes trial balance?
This is a interesting and important quiz for accounting. Take this quiz and have a good time!
Questions: 22 | Attempts: 1153 | Last updated: Mar 22, 2023
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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
This quiz covers key concepts in financial accounting such as operating expenses, error types, depreciation methods, trial balance issues, and asset disposal entries, aligned with MGT101 course objectives.
Questions: 19 | Attempts: 6189 | Last updated: Mar 8, 2024
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Sample QuestionOffice salaries, advertising and sales commissions are the examples of:
This quiz focuses on key concepts of financial accounting including the accounting equation, trial balances, liquidity measures, and journal entries.
Questions: 57 | Attempts: 151 | Last updated: Apr 2, 2024
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Sample QuestionWhich of the following best represents the expanded accounting equation?
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