Accounting Quizzes, Questions & Answers

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IAS And IFRS Questions: Accounting Quiz!

IAS and IFRS Questions: Accounting Quiz!

Questions: 27 | Attempts: 829 | Last updated: Mar 20, 2023

Sample Question
What is IAS 1?

Events After the Balance Sheet Date

Financial Instrument: Recognition and Measurement

Preparation of Financial Statements

Non – Current Assets Held for Sale and Discontinued Operations

Test Your Accounting Basics: Quiz!

Test your Accounting Basics: Quiz!

Questions: 8 | Attempts: 378 | Last updated: Mar 20, 2023

Sample Question
The revenue recognition concept:

Controls all revenue reporting for the cash basis of accounting

Determines when revenue is credited to a revenue account

Is in not in conflict with the cash method of accounting

Accounting Loves You!

Accounting loves you!

Created for Anoush! This quiz has 15 questions. Select an answer, if you don't know it, take a guess! Each question is worth 1.5 marks.

Questions: 25 | Attempts: 360 | Last updated: Mar 22, 2023

Sample Question
What term is used to describe factors in a decision problem that cannot be expressed effectively in numerical terms?

Qualitative

Quantitative

Sensitive

Uncertain

Acct1003 : Quiz On Cost And Management Accounting! Trivia Quiz

ACCT1003 : Quiz on Cost and Management Accounting! Trivia Quiz

Below is an ACCT 1003 quiz on cost and management accounting. The cost and management perspective are comparative in the provision of data and analyses reports that can be used by managers to make decisions that will lead to long...

Questions: 5 | Attempts: 1043 | Last updated: Mar 21, 2023

Sample Question
When a continuous record is kept of the quantities and cost of merchandise on hand, the inventory system is referred to as periodic.

True

False

Accounting For Leases Quiz Questions

accounting for leases quiz questions

Questions: 29 | Attempts: 2813 | Last updated: Mar 22, 2023

Sample Question
21. Major reasons why a company may become involved in leasing to other companies is (are)

Interest revenue

High residual values

Tax incentives

All of these

Chapter 3 Quiz (Accounting)

Questions: 15 | Attempts: 620 | Last updated: Mar 22, 2023

Sample Question
The source document for cash payments is a(n):

Invoice

Receipt

Calculator Tape

Check

Accounting MCQ: Practice Quiz Questions!

Questions: 25 | Attempts: 468 | Last updated: Mar 22, 2023

Sample Question
The analysis of the relationship between what a company buys an item for and the level of sales and their impact on income is known as:

Cost-volume-loss analysis

Cost-sales-expense analysis

Cost-volume-profit analysis

Expense-sales-volume analysis

Accounting Quiz: Practice Exam!

Questions: 25 | Attempts: 1035 | Last updated: Aug 30, 2024

Sample Question
Based 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:

$3,960

$2,952

$2,665

$6,601

Accounting Practice Test: Quiz! MCQ

Questions: 25 | Attempts: 579 | Last updated: Mar 21, 2023

Sample Question
When the firm tests 9,000 components during the month, based on the information in Table M4-1, the amount of overhead applied during the period for the quality pool is:

$10,6440

$75,000

$13,500

$6,750

Exam On Accounting: Quiz!

Exam on Accounting: Quiz!

Questions: 25 | Attempts: 2271 | 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

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