10th Grade Accounting Quizzes, Questions & Answers
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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: 26052 | 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: 5484 | 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: 16354 | 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: 5180 | Last updated: Sep 30, 2024
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Sample QuestionWhich of the following statements about double-entry accounting is incorrect?
Questions: 10 | Attempts: 1704 | Last updated: Mar 21, 2023
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Sample QuestionA debit entry to an account.
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Questions: 50 | Attempts: 937 | Last updated: Jan 25, 2023
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Sample QuestionAnother word for start-up fund for business is ……… a
Questions: 67 | Attempts: 1289 | 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: 991 | 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: 667 | Last updated: Mar 22, 2023
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Sample QuestionAccrual concept is based on
Questions: 10 | Attempts: 119 | Last updated: Jan 27, 2023
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Sample QuestionWhich of the following is generally not a step in the debt collection process?
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?
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--------
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
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 ____.
Questions: 5 | Attempts: 162 | Last updated: Mar 20, 2023
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Sample QuestionFinancial Statements do not consider
What do you know about account classification? In accounting, the accounts are categorized using one of the two approaches, including a modern or traditional approach. There are five key types of accounts, including assets,...
Questions: 20 | Attempts: 708 | Last updated: Mar 22, 2023
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Sample QuestionCash in hand
Questions: 10 | Attempts: 696 | Last updated: Mar 22, 2023
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Sample QuestionWhat are the two main financial reporting standard setting bodies?
Basic accounting entails knowing what is being debited and what is being credited to an account. Other than that there is knowledge of how to treat the different transactions in the company’s books. Test your basic...
Questions: 10 | Attempts: 73 | Last updated: Mar 21, 2023
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Sample QuestionWhat type of account is Allowance for Doubtful Accounts?
Pilih lah jawaban yang paling tepat!
Questions: 45 | Attempts: 1533 | Last updated: Mar 21, 2023
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Sample QuestionProgram MYOB merupakan program yang dibuat oleh perusahaan MYOB yang berada di negara...
Accounting is one of the most needed and well-sought-after careers. Are you excited about accounting? Do you think you know accounting? Take this quiz and find out. Every business, be it small or large, needs an...
Questions: 10 | Attempts: 517 | Last updated: Nov 17, 2023
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Sample QuestionWhich of the following actions would not be considered good management of accounts receivable?
This quiz is intended to find out how much the students know about accounting from their daily experiences.
Questions: 25 | Attempts: 165 | Last updated: Mar 21, 2022
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Sample QuestionIn schools nationwide, what has become the latest and hottest sub-specialty?
Questions: 11 | Attempts: 289 | Last updated: Mar 21, 2023
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Sample QuestionWhich of the following is the correct order for the accounting cycle?
Questions: 14 | Attempts: 190 | Last updated: Mar 20, 2023
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Sample QuestionWhich of the following is NOT one of the four Ps (4Ps).
Accounting is one of the complicated subjects to study especially if you are not so good with math. The good news is that, with enough and relevant practice, you will become better. Accounting 201 chapters 1&2 is here for...
Questions: 50 | Attempts: 344 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following best describes a liability? Liabilities are:
Questions: 27 | Attempts: 137 | Last updated: Mar 21, 2023
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Sample QuestionWhich of the following businesses is most likely to use a periodic inventory system?
Chapter 10 is a review of Closing Entries.
Questions: 35 | Attempts: 2871 | Last updated: Jul 21, 2024
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Sample QuestionPermanent accounts are found on the Balance Sheet section of the work sheet.
Chapter 1
Directions: Classify each account by selecting the correct answer for each item.
Questions: 20 | Attempts: 521 | Last updated: Mar 20, 2023
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Sample QuestionJones Payable
Do you know how to answer accounts questions? Would you be able to pass this quiz? According to this quiz, you must be aware of where bills payable is shown, what is considered an asset, what is a liability, what is the meaning...
Questions: 50 | Attempts: 7241 | Last updated: Mar 21, 2023
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Sample QuestionBills Payable A/c is shown in the balance sheet under the head.
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Learn about fundamental concepts and principles in accounting with this quiz, and you are also getting an opportunity to test your current knowledge on the same at the same time. The quiz has MCQ questions about fundamental...
Questions: 14 | Attempts: 4055 | Last updated: Jul 2, 2023
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Sample QuestionAll business transactions that will be entered in the accounting records must be fully supported by verifiable evidence.