Accounting Quizzes, Questions & Answers
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Here's an awesome 'Basic Accounting Quiz' for all the students studying accounts! Accounting is something that is existent in different companies and is essential to ensure that a business keeps on growing. The...
Questions: 10 | Attempts: 45949 | Last updated: Mar 24, 2022
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Sample QuestionProfit is equal to:
Accounting is a tool to record and analyze the financial condition and performance of the business. Some people simply can’t understand the stats and figures. But some possess deep knowledge and concepts about...
Questions: 10 | Attempts: 25836 | Last updated: Apr 29, 2024
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Sample QuestionWhich financial statement displays the revenues and expenses of a company for a period of time?
Are you ready to take the most challenging accounting exam? Could you pass this quiz? The financial accounting exam involves concepts that are taught to new students. Accounting is when a professional evaluates numbers and...
Questions: 79 | Attempts: 5361 | Last updated: Apr 19, 2024
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Sample QuestionFinancial transactions are summarized in:
What is accounting? Take this quiz on introduction to accounting and see what knowledge you have. It is basically the process related to finances and other information about businesses and corporations....
Questions: 25 | Attempts: 16285 | Last updated: Aug 25, 2024
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Sample QuestionThe Accounting Equation is
Have you been studying accounting? If yes, then it should not be a problem for you to pass this double entry accounting trivia quiz. Double-entry accounting is known as a system that needs two book entries — one debit and...
Questions: 10 | Attempts: 5052 | Last updated: Sep 30, 2024
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Sample QuestionWhich of the following statements about double-entry accounting is incorrect?
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Play this knowledgeable 'Management Financial And Cost Accounting MCQs With Answers' quiz and check how good are you in the cost accounting management system. This test covers many subtopics like costing, budgeting,...
Questions: 12 | Attempts: 971 | Last updated: Mar 22, 2023
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Sample QuestionEstimate the Materials to be debited to Contract A/c. Materials direct to site Rs.4,40,000; Materials returned to store Rs.20,000 and Materials received from Store Rs.81,200.
Questions: 50 | Attempts: 909 | Last updated: Jan 25, 2023
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Sample QuestionAnother word for start-up fund for business is ……… a
Questions: 69 | Attempts: 1396 | Last updated: Aug 14, 2024
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Sample QuestionThe balance in a sales ledger control account indicates:
Financial Accounting Associates - Mini
Questions: 120 | Attempts: 1347 | Last updated: Jan 27, 2023
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Sample QuestionCleared items contain which of the following pieces of information?
Questions: 67 | Attempts: 1288 | Last updated: Jan 27, 2023
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Sample QuestionHow do you configure depreciation areas in SAP S/4HANA?
Accounting concepts are out in place to ensure that accounting processes are uniform. An accountant must have a good understanding of these concepts. Did you know that once a business chooses to use a specific accounting...
Questions: 10 | Attempts: 979 | Last updated: Mar 22, 2023
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Sample QuestionWhich one of the following is a current liability?
Welcome to the Accounting Concepts Knowledge Quiz. There are different guidelines to follow when it comes to bookkeeping, and they include accounting concepts, principles, and laws. Revenue is only recognized when there is a...
Questions: 10 | Attempts: 663 | Last updated: Mar 22, 2023
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Sample QuestionAccrual concept is based on
Questions: 10 | Attempts: 117 | Last updated: Jan 27, 2023
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Sample QuestionWhich of the following is generally not a step in the debt collection process?
Questions: 5 | Attempts: 199 | Last updated: Mar 21, 2023
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Sample QuestionThe functions of the Sales Office include
Questions: 20 | Attempts: 327 | Last updated: Mar 22, 2023
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Sample QuestionIf the actual overhead is $152,000 and the flexible budget overhead for actual production is $151,000, the controllable overhead variance is Select one:
Maximum Marks for this Quiz will be 30.
Ten questions carry 2 marks with a negative mark of .5 (1/4) for each wrong answer. (10x2)
Two questions have 5 marks with a negative mark of 1.25 (1/4) for each wrong answer...
Questions: 12 | Attempts: 180 | Last updated: Mar 15, 2023
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Sample QuestionThe Cash Flow Statement can be prepared with Direct or Indirect Method. The difference in presentation between both the methods affects
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Questions: 15 | Attempts: 439 | 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?
Questions: 80 | Attempts: 563 | Last updated: Mar 22, 2023
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Sample QuestionWhen using the perpetual inventory system, freight charges on goods purchased are debited to inventory.
Test Your Accounting Concepts Knowledge using this Trivia Questions Quiz. Accounting is a major department in any organization as it is tasked with collection, recording and use of funds as needed to meet the objectives of the...
Questions: 10 | Attempts: 214 | Last updated: Mar 22, 2023
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Sample QuestionCosts incurred to increase the operating efficiency, productive capacity, or useful life of a plant asset referred to as--------
Do you know how to classify accounts? Accounts classified as asset accounts, liability accounts, capital, or owner’s equity accounts, withdraw accounts, revenue or income accounts and express accounts. The five major...
Questions: 20 | Attempts: 2366 | Last updated: Mar 22, 2023
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Sample QuestionJones Payable
Have you ever heard of the chart of accounts? A chart of accounts is a list of financial accounts set up, usually by an accountant, for a corporation and available for the bookkeeper's use for recording transactions in the...
Questions: 15 | Attempts: 616 | Last updated: Mar 21, 2023
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Sample QuestionThe chart of accounts has a list of:
Questions: 10 | Attempts: 269 | Last updated: Mar 21, 2023
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Sample QuestionWhat is the full meaning of GAAP?
Attention - multiple answers are possible
Questions: 10 | Attempts: 170 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following is not a true statement ?
Questions: 29 | Attempts: 155 | Last updated: Mar 21, 2023
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Sample QuestionThe Accounting Equation is: ASSETS = LIABILITIES + OWNER'S EQUITY OR ASSETS - LIABILITIES = OWNER'S EQUITY
Hello Class! Congrats for making it to this point.
Please give this your best shot!
Good Bless!
Questions: 30 | Attempts: 231 | Last updated: Apr 10, 2024
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Sample QuestionThe Accounting Equation is: ASSETS = LIABILITIES + OWNER'S EQUITY OR ASSETS - LIABILITIES = OWNER'S EQUITY
Questions: 8 | Attempts: 95 | Last updated: Apr 10, 2023
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Sample QuestionWhich one of the below is an accounting software?
Cost accounting is a process of classifying, recording, analyzing summarizing, evaluating and assigning different courses of action for cost control. With that point made, how well ro you think you'll pass this quiz.
Questions: 10 | Attempts: 233 | Last updated: Mar 20, 2023
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Sample QuestionCost accounting information is commonly used in?
CMU-CBM 2017-2018
Questions: 32 | Attempts: 223 | Last updated: Feb 1, 2023
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Sample QuestionThe process of understanding and specifying in detail what the information system should accomplish is called systems ____.
Babak Penyisihan akan segera dimulai.
Peserta diharapkan membaca ketentuan, langkah-langkah, dan peraturan yang tertera di bawah ini terlebih dahulu.
Ketentuan Test Trial Babak...
Questions: 30 | Attempts: 168 | Last updated: Feb 1, 2023
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Sample QuestionPenghasilan perusahaan Rp.20.000.000,-Beban usaha Rp.7.000.000,-Prive Rp.3.000.000,-Jika Modal Awal Rp.55.000.000,- maka modal akhir adalah...
Accounting is all about the proper reporting of business transactions in the correct books of accounts. This is done to correctly show how the company finances stand at a given point. What do you know about the double-entry...
Questions: 20 | Attempts: 158 | Last updated: Mar 20, 2023
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Sample QuestionThe goal of managerial accounting is to provide the information that managers need for all of the following EXCEPT:
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Are you ready for a quick account knowledge test? Take this accounting quiz to check your understanding and learn new facts. For a business to prosper, they need funding, which can come through investments, cash, or selling...
Questions: 10 | Attempts: 27002 | Last updated: Sep 24, 2024
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Sample QuestionWhat is stockholders' equity?
Source documents play a crucial role in the accounting industry as they contain details of all business transactions. Try this 'Accounting source documents quiz' that is designed to test your knowledge about source...
Questions: 15 | Attempts: 15913 | Last updated: Aug 18, 2023
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Sample QuestionA source document is:
Do you know about Sage 50 Accounts software? Check out these Sage Line 50 Accounts Quiz and test your knowledge regarding this accounting solution. Sage 50 is a sophisticated accounts solution used to make a record of...
Questions: 10 | Attempts: 7522 | Last updated: Nov 23, 2023
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Sample QuestionYou need to enter a new customer on to Sage, how do you do this?