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Account Quizzes, Questions & Answers

Account Quizzes offer an educational exploration of accounting principles, financial statements, and the practices involved in managing and recording financial transactions. These quizzes cover various aspects of accounting, including the fundamentals of bookkeeping, financial analysis, budgeting, and auditing. By participating in Account Quizzes, you can test your knowledge of accounting concepts, reinforce your understanding of financial management, and enhance your skills in financial reporting. Accounting is a critical function in businesses, organizations, and personal finance, providing insights into financial health, performance, and decision-making.

Account Quizzes typically consist of questions that challenge your knowledge of accounting principles, financial ratios, the interpretation of financial statements, and the application of accounting rules and regulations. Engaging with Account Quizzes provides an opportunity to strengthen your accounting knowledge, improve your financial literacy, and develop a foundation for making informed financial decisions. Whether you're a student studying accounting, a business owner managing finances, or simply interested in understanding the language of numbers; Account Quizzes offer an informative and engaging resource. They provide a platform to challenge your knowledge, explore the principles of accounting, and celebrate the role of accounting in financial management. So, get ready to dive into the world of accounting, challenge your knowledge, and embrace the language of numbers through these enlightening and informative quizzes.

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Quiz Description

Questions: 15  |  Attempts: 645   |  Last updated: Aug 31, 2023
  • Sample Question
    T code to be used to view the vendor master.
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Did you know accounts receivable are legally enforceable claims for payment arranged by a business for goods or services supplied that customers have ordered but not paid? For this quiz, you must know things like what the...

Questions: 18  |  Attempts: 1410   |  Last updated: Mar 21, 2023
  • Sample Question
    What is the transaction code to Display a Document?
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Questions: 10  |  Attempts: 1038   |  Last updated: Mar 21, 2023
  • Sample Question
    A company has adopted Statement of Financial Accounting Standards No. 115, Accounting for Certain Investments in Debt and Equity Securities (as amended by SFAS 130). It should report the marketable equity securities that it has classified as trading at:
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Questions: 13  |  Attempts: 2108   |  Last updated: Mar 21, 2023
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    Which of the following is not an asset?
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Questions: 5  |  Attempts: 639   |  Last updated: Mar 21, 2023
  • Sample Question
    A company purchases all goods on credit. The following payables ledger control account contains some errors: Payables ledger control account Debit             $ Purchases 963,200 Discounts received 12,600 Contras with amounts receivable in receivables ledger 4,200 Closing balance 410,400 –––––––– 1,390,400 ———— Credit                         $ Opening balance 384,600 Cash paid to suppliers 988,400 Purchases returns 17,400 –––––––– 1,390,400 ———— What should the closing balance be when the errors have been corrected?
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