11th Grade Accounting Quizzes, Questions & Answers

Think your child knows their 11th grade Accounting? Challenge them with our fun and engaging Accounting quizzes! Perfect for reinforcing classroom learning and discovering new facts about the world around them.

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Exam On Accounting: Quiz!

Questions: 25 | Attempts: 2272 | Last updated: Feb 14, 2024

Sample Question
The salary of a corporate office security guard is considered a(n):

Period cost

Factory overhead

Inventoriable cost

Product cost

Accrual Accounting MCQ Quiz Questions And Answers

Get ready to test your knowledge with these Accrual Accounting MCQ quiz questions and answers that we have here for you. The quiz below has a few questions that you need to answer correctly. The quiz is also a good way to enhance...

Questions: 25 | Attempts: 6565 | Last updated: Jan 13, 2025

Sample Question
According to the FASB, a company that wishes to comply with GAAP will use:

The cash basis, since the accrual basis, takes the focus off of the company’s cash flows

Either basis, depending on which results in the company wants to give to financial statement users

The cash basis of accounting for small companies only

The accrual basis of accounting

Financial Accounting Practice Exam Quiz!

The 'Financial Accounting Practice Exam Quiz!' assesses key skills in financial accounting, covering topics like ledger balances, profit calculations, and accounting for raw materials. This quiz is designed to test understanding...

Questions: 69 | Attempts: 1521 | Last updated: Aug 14, 2024

Sample Question
The balance in a sales ledger control account indicates:

Difference between debtors and creditors

Total sales

total purchases

Total debtors

Managerial Accounting Chapter 5 & 6

This quiz assesses key concepts in Managerial Accounting from Chapters 5 & 6, focusing on variances, labor rate calculations, and material price standards. It tests understanding of controllable overhead variance, labor...

Questions: 20 | Attempts: 351 | Last updated: Mar 21, 2023

Sample Question
If the actual overhead is $152,000 and the flexible budget overhead for actual production is $151,000, the controllable overhead variance is Select one:

A. $1000 favorable

B. $1000 unfavorable

C. 0

D. None of the above

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 accounting principles and practices critical for...

Questions: 80 | Attempts: 594 | Last updated: Mar 22, 2023

Sample Question
When using the perpetual inventory system, freight charges on goods purchased are debited to inventory.

True

False

Recent Quizzes

Accounting 1 (Summer 2018)

ACCOUNTING 1 (SUMMER 2018)

Hello Class! Congrats for making it to this point. Please give this your best shot! Good Bless!

Questions: 30 | Attempts: 240 | Last updated: Apr 10, 2024

Sample Question
The Accounting Equation is: ASSETS = LIABILITIES + OWNER'S EQUITY OR ASSETS - LIABILITIES = OWNER'S EQUITY

True

False

Babak Penyisihan Ppm Accounting Competition 2017

BABAK PENYISIHAN PPM ACCOUNTING COMPETITION 2017

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: 179 | Last updated: Feb 1, 2023

Sample Question
Penghasilan 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...

Rp. 65.000.000,-

Rp. 45.000.000,-

Rp. 79.000.000,-

Rp. 55.000.000,-

Test Your Knowledge On Accounting

Test your knowledge on Accounting

Take this quiz to learn more Account.

Questions: 23 | Attempts: 291 | Last updated: Mar 21, 2023

Sample Question
The most useful financial statement for analyzing a company’s profitability is the:

Balance Sheet

Statement of Retained Earnings

Statement of Cash Flows

Income Statement

Financial Accounting Test 2

This Quiz is to test your accounting information, its an advanced questions. After you finish, you will review your answers before submit and then you will get your result with analysis & correct answer. Financial...

Questions: 15 | Attempts: 257 | Last updated: Mar 22, 2023

Sample Question
A manufacturing company recognized a valuation provision to inventories due to their obsolescence. Can the manufacturing offsetting inventory valuation provision against inventory balance in the statement of financial position?

No, because its not permit to offsetting of assets and liabilities unless is it allowed by another standard.

Yes, because this situation is not offsetting.

Yes, because in this case, offsetting leads to better understanding of the financial statements by their users.

No, because the assets and liabilities shall not be offset.

K231-ind-ny - Accounting And Applications

K231-IND-NY - Accounting and Applications

Please complete the following self-assessment quiz - Test your own knowledge but if necessary please refer back to the training materials, manuals and/or other relevant resources to complete the questions

Questions: 16 | Attempts: 169 | Last updated: Mar 20, 2023

Sample Question
A financial audit for a company is performed before the release of the financial statements on an annual basis; The Audit typically has 3 stages; select the correct order from one of the following statements below

Substantive Procedures, Management Letter, Planning & Risk Assesment

Planning & Risk Assessment, Management Letter, Substantive Procedures

Substantive Procedures, Planning & Risk Assessment, Management Letter

Planning & Risk Assessment, Substantive Procedures, Management Letter

ACCT 302: Accounting For Manufacturing Company Inventory! Trivia Quiz

ACCT 302: Accounting for Manufacturing Company Inventory! Trivia Quiz

Below is a quiz on ACCT 302: Accounting For Manufacturing Company Inventory! In a manufacturing company, the inventory consists of items such as property, goods in stock, or the contents of a building. They must all be accounted...

Questions: 16 | Attempts: 295 | Last updated: Mar 19, 2023

Sample Question
Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units What is the amount of gross profit margin?

$1,750,000

$3,525,000

$5,405,000

$1,645,000

Accounting 201 - Chapter 3 Quiz Questions

Accounting 201 - Chapter 3 quiz questions

Questions: 40 | Attempts: 558 | Last updated: Mar 21, 2023

Sample Question
Under accrual accounting, revenue is recorded

When the cash is collected, regardless of when the services are performed

When the services are performed, regardless of when the cash is received

Either when the cash is received or the sale is made

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Popular Quizzes

Grade 11 Accounting Review Trivia Quiz

This is a brief quiz to review grade 11 accounting material.

Questions: 10 | Attempts: 8876 | Last updated: Nov 5, 2024

Sample Question
Which of the following is not a feature of the Balance Sheet?

Assets

Liabilities

Owner's Equity

Expenses

Basic Financial Accounting Concepts! Quiz

Financial Accounting means to analyze, summarize, and record financial transactions as well as to show an accurate picture of the financial affairs of the company. This basic quiz has been developed to test your knowledge of...

Questions: 10 | Attempts: 3269 | Last updated: Mar 21, 2023

Sample Question
How is the income statement affected when a company issues stock?

Income is greatly effected.

No income statement effect. Purely balance sheet.

Balance sheet is not effected

One thru three are all correct

None of the above

Accounting 202: MCQ Quiz Exam!

Questions: 11 | Attempts: 829 | Last updated: Mar 22, 2023

Sample Question
The journal entry needed to record the receipt of a bill from the company’s marketing agency would include a:

Debit to manufacturing overhead

Debit to marketing expenses

Debit to work in process inventory

Credit to work in process inventory

11th Grade Accounting Quizzes, Questions & Answers

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