Accounting is a fun topic to learn and as you are in your second level you have been able to gather a lot of knowledge. The multiple choice quiz is set in a way that it covers all you should know up to this point. Give it a try and see where you stand.
$49.32
$50.00
$200.00
None of these
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Notes payable
Vouchers payable
Vouchers receivable
None of these
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Cash
Notes receivable
Rent income
None of these
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Voucher
Debit memorandum
Invoice
None of these
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Paid for
Rented
Used
None of these
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Objective evidence
Historical cost
Consistent reporting
Matching expenses with revenue
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An asset
A revenue
An expense
None of these
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Delivery expense debit column
General columns
Purchases debit column
Vouchers payable credit column
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General journal
Cash receipts journal
Cash payments journal
None of these
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Check
Voucher
Memorandum
None of these
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$24.66
$25.00
$100.00
None of these
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Date of the invoice
Date the voucher must be paid
Voucher number
Name of vendor
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Feb 25
Feb 26
Feb 27
None of these
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If the partners agree that a new partner's investment results in goodwill.
If a new partner invests assets with a value less than the share of equity received
If the partnership is admitting its third partner.
None of these
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Principle of the note
Original value of the note
Maturity value of the note
None of these
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Goodwill
Long-term assets
Owner's equity
Net income
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A liability
A revenue
Either a liability or a revenue
None of these
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Cash debit; rent income credit
Cash debit; unearned rent credit
Cash debit; unearned rent debit
Rent income debit; unearned rent credit
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Notes receivable
Interest income
Accounts receivable
Allowance for notes receivable
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Purchases journal
Voucher register
Cash receipts journal
Cash payments journal
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Quiz Review Timeline (Updated): Mar 21, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
FINAL EXAM- FUNDAMANTALS OF ACCOUNTING
This final exam tests fundamental accounting principles, covering balance sheets, economic events, asset categorization, and cost-related terms.
Questions:
74 |
Attempts:
240 |
Last updated:
Mar 21, 2023
|
ACCOUNTING 1 MIDTERM PRE-EXAMINATION
This pre-examination for ACCOUNTING 1 MIDTERM assesses knowledge on inventory systems, cost of goods sold, and financial statements accuracy. It evaluates understanding of key...
Questions:
80 |
Attempts:
619 |
Last updated:
Mar 22, 2023
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Audit, Tax, Or Advisory? Find Your Path!
Time to find out which practice is suitable for you!
Questions:
7 |
Attempts:
1956 |
Last updated:
Mar 15, 2022
|
ACCOUNTING 1 (SUMMER 2018)
Hello Class! Congrats for making it to this point.
Please give this your best shot!
Good Bless!
Questions:
30 |
Attempts:
284 |
Last updated:
Apr 10, 2024
|
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Intelligent Accounting Masterclass Quiz 1
This quiz covers key accounting concepts, including software, historical figures, bookkeeping drawbacks, and specifics of Intelio implementation.
Questions:
8 |
Attempts:
97 |
Last updated:
Apr 10, 2023
|
Basic Accounts Quiz: Trivia Exam!
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...
Questions:
20 |
Attempts:
182 |
Last updated:
Mar 19, 2023
|
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