12th Grade Accounting Quizzes, Questions & Answers
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Annual reports / the accounting cycle
Questions: 10 | Attempts: 2000 | Last updated: Nov 4, 2024
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Sample QuestionWhich of the following lists the steps of the accounting cycle in the correct order?
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: 1137 | 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.
Accounting 201 - Chapter 3 Review Test Quiz
We have just covered business statements and how to prepare them. The quiz below is designed to test your understanding of all we covered in the chapter. Can you identify how these...
Questions: 40 | Attempts: 681 | Last updated: Mar 21, 2023
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Sample QuestionUnder accrual accounting, revenue is recorded
This Multiple Choice Quiz focuses on inventory methods, assessing knowledge in FIFO, LIFO, and cost calculations under different systems. It is designed for learners to understand cost flow assumptions and their impact on...
Questions: 5 | Attempts: 1405 | Last updated: Mar 22, 2023
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Sample QuestionThe inventory costing method that is based on the assumption that cost should be charged against revenue in the order in which they were incurred.
Questions: 25 | Attempts: 1036 | Last updated: Aug 30, 2024
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Sample QuestionBased on the information in Table M5-2, assuming Laramie Tack & Saddle uses the high-low method to separate mixed costs, if the company processes 4,100 packages during July, the total variable cost will be:
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To check the basic accounting knowledge of the participant.
Questions: 18 | Attempts: 231 | Last updated: Mar 21, 2022
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Sample QuestionWho is on the U.S. $500 bill?
Different organizations have different reporting styles and ways to account for their periodic activities. Find out more about accounting and reporting for the Federal government Nfp through the quiz below.
Questions: 19 | Attempts: 237 | Last updated: Mar 21, 2023
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Sample QuestionFederal statutes assign responsibility for establishing and maintaining a sound financial structure for the federal government to which of the following:
Trading, profit and loss account shows the income and expenditure of a company and this will define the financial position on whether the company is making a profit or incurring some losses. This information will help the...
Questions: 26 | Attempts: 169 | Last updated: Mar 20, 2023
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Sample QuestionPreparing budgets is an example of the managent function of:
Again, Ms Sherry Ross at TxState prepared this! :)
Questions: 16 | Attempts: 133 | Last updated: Mar 21, 2023
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Sample QuestionWhich one of the following would not be considered an advantage of the corporate form of organization?
Practical accounting 1
Questions: 5 | Attempts: 972 | Last updated: Mar 21, 2023
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Sample Question1. Alpha Company provided the following information relating to the current year: Net income 3,500,000 Unrealized gain on available for sale securities 250,000 Foreign currency translation adjustment – credit 50,000 Revaluation surplus 1,000,000
Pensions in accounting are seen as future liabilities. They are seen as actions that will reduce the company’s capital when they fall due. We have covered how they are calculated and treated in the books of accounts....
Questions: 15 | Attempts: 434 | Last updated: Mar 22, 2023
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Sample QuestionCompanies generally design pension plans that are
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