Accounting Quizzes, Questions & Answers
Recent Quizzes
Accounting is the development and use of a system for recording and analyzing the transactions and financial status of a business or other organization. Every business must have a system of keeping their records of their...
Questions: 44 | Attempts: 281 | Last updated: Mar 21, 2023
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Sample QuestionThe . budget is a major part of the master budget and focuses on the income statement and it's supporting schedules.
Questions: 5 | Attempts: 145 | Last updated: Apr 23, 2024
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Sample QuestionThe basic accounting equation is
Questions: 10 | Attempts: 656 | Last updated: Aug 28, 2024
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Sample QuestionIn the United States, foreign companies filing annual reports with the SEC that are not prepared in accordance with U.S. GAAP must:
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Questions: 10 | Attempts: 257 | Last updated: Mar 19, 2023
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Sample QuestionIn accounting, the term translation refers to:
Questions: 74 | Attempts: 764 | Last updated: Mar 21, 2023
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Sample QuestionAll of the following activities are reported on the statement of cash flows except:
Practice questions for the medical admin assistant exam
Questions: 20 | Attempts: 267 | Last updated: Mar 20, 2023
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Sample QuestionWhich one of the following would not be entered on a financial summary
Exams give everyone a thought that they are not fully prepared. Having done a mock exam in class in preparation for the finals this review questions cover some concepts that you should ensure you understand fully. Give it a...
Questions: 5 | Attempts: 677 | Last updated: Mar 22, 2023
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Sample QuestionIf goods in transit are shipped FOB destination,
Questions: 47 | Attempts: 1729 | Last updated: Nov 17, 2023
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Sample QuestionWhat does IFRIC stand for?
Learn everything from A to Z about Accounting in this quiz. As you learn more in the field of accountancy, the need to take up proper revision also increases. The quiz below is designed to help you pass the accounting tests...
Questions: 36 | Attempts: 1341 | Last updated: Mar 21, 2023
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Sample QuestionA credit sale of $750 is made on June 13, term 2/10, net/30. A return of $50 is granted on June 16. The amount received as payment in full on June 23 is:
Accounting is a fairly broad term given to the measurement, processing and communication of financial information about economic entities. Do you know as much as you probably should on the practice? Let’s take a look!
Questions: 45 | Attempts: 110 | Last updated: Mar 14, 2024
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Sample Question. Which of the following is true about foreign direct investment? .
Questions: 80 | Attempts: 1790 | Last updated: Apr 19, 2024
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Sample QuestionIn computing MACRS depreciation, salvage value is ignored.
Questions: 40 | Attempts: 515 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following statements regarding liabilities is true?
Questions: 30 | Attempts: 420 | Last updated: Mar 21, 2023
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Sample QuestionWhich of the following best describes financial accounting?
When you see a company listed in the stock exchange market it shows that it is expected to offer its shareholders dividends quarterly, semiannually or annually. How much do you understand the concept of earnings per...
Questions: 31 | Attempts: 511 | Last updated: Mar 21, 2023
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Sample QuestionWhen a company's preferred shares are non cumulative and a dividend is not declared, basic earnings per share is computed with
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?
Business is the institution in which people can make a living or help others by creating or buying, and selling goods and services. Accounting is the measuring, analyzing, and communicating financial information about...
Questions: 34 | Attempts: 116 | Last updated: Feb 19, 2024
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Sample QuestionWhat is a P/E?
There are some basic principles that every accountant needs to be aware of when it comes to accounting practices. Have you just begun your accounting course and have the final exam in less than a week? If so, then this Accounting...
Questions: 7 | Attempts: 2639 | Last updated: Mar 22, 2023
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Sample QuestionPlanning, recording, analyzing, and interpreting financial information is called...
Welcome to the Accounting principle trivia questions. Every person who is studying and want to become a practicing accountant. Then it is expected to know the basic accounting principles by heart as they serve as a guideline on...
Questions: 20 | Attempts: 1278 | Last updated: Nov 17, 2023
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Sample QuestionThe main purpose of cost accounting is to
Can You Pass This Accounting Test? Accounting is the practice of preparing records that show the financial position of an organization using the laid down standards both internationally and locally. Do you consider yourself a...
Questions: 40 | Attempts: 95 | Last updated: Mar 21, 2023
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Sample QuestionA detailed report that companies file annually with the SEC is the
Kia Ora Wh�nauAnother awesome quiz from Brosir.com - making learning awesome, easy and FREE!Income Statement + Balance Day AdjustmentsOnce you have stared at the photo of Jacob long enough, feel free to continue the quiz :)
Questions: 8 | Attempts: 168 | Last updated: Mar 22, 2023
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Sample QuestionThe purpose of an Income Statement is to show:
Statement of Financial Position / Balance Sheet
Sonny Bill Williams LTD - For the Year Ended 31 March 31/03/Infinity [we hope]
Is Sonny Bill Williams an Asset or a Liability? mmmm
Questions: 15 | Attempts: 272 | Last updated: Mar 21, 2023
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Sample QuestionAccounts Receivable
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: 16624 | Last updated: Aug 25, 2024
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Sample QuestionThe Accounting Equation is
2011 vol. Financial Management Journeyman
Questions: 18 | Attempts: 62 | Last updated: Jun 19, 2023
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Sample QuestionWhich office handles most of the accounting processes at base level?
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: 4058 | 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.
Do you know anything about depreciation accounting? Do you believe you can pass the quiz? To calculate depreciation, you should use the straight-line method. Subtract the salvage amount from the asset cost and divide the...
Questions: 158 | Attempts: 1303 | Last updated: Mar 22, 2023
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Sample QuestionThe number of production or similar units expected to be obtained from the use of an asset by an enterprise is called as ___________.
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