Accounting Quizzes, Questions & Answers

Recent Quizzes

We love budgets. We love Gross vs net income. Play this quiz and learn this accounting quiz!

Questions: 9 | Attempts: 355 | Last updated: Sep 30, 2024

Sample Question
What is the difference between gross vs net pay?

Gross is the amount of money you get after taxes Net is before taxes

Gross and Net amounts are pretty much the same when you make between $40,000.00 and $60,000.00 every year.

Net is the amount of money after taxes Gross is the amount before taxes no matter how much money you make.

Net is the amount of money after taxes gross is the amount before taxes only when you make more than $20,000.00.

None of the Above

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: 5779 | Last updated: Oct 20, 2024

Sample Question
Financial transactions are summarized in:

Financial statement footnotes

The independent auditor's opinion letter

The entity's accounts

None of the above

Accounting Principles And Contingency Operations Quiz

Accounting Principles and Contingency Operations Quiz

The Accounting Principles and Contingency Operations Quiz is designed to assess your understanding of fundamental accounting principles within the context of contingency operations. This quiz covers a range of topics, including...

Questions: 70 | Attempts: 172 | Last updated: Dec 29, 2023

Sample Question
What is the major difference between the responsibilities of the Financial Management Analysis and the Defense Finance and Accounting Service?

DFAS handles the accounting processes at base level

Structure within each field site is mostly standardized, but may vary at some locations

DFAS was activated to reduce costs and improve the overall quality of DOD financial management

FMA handles the accounting processes at base level serves as liaison between the base organizations and the field site

International Accounting Standards: Quiz!

Questions: 14 | Attempts: 2811 | Last updated: Mar 22, 2023

Sample Question
What are the two key criteria for an item of property, plant & equipment to be “recognized” as an asset?

When it can be reliably measured

When it is controlled by the entity

When it is probable that economic benefits will flow to the entity from the asset

When it has a residual value

Accounting II First Semester Exam

You have already moved from learning the basics of accounting and are now studying accounting II. This being the end of the semester it is expected that you are well equipped to pass the exam. Try out the quiz below and see...

Questions: 12 | Attempts: 860 | Last updated: Mar 22, 2023

Sample Question
Anything of value that is owned is called a(n):

Asset

Liability

Equity

None of these

Accy Problem Set #1

pages 132-135 Missing # 8 and 9

Questions: 13 | Attempts: 108 | Last updated: Mar 14, 2024

Sample Question
A company relies heavily on vertical integration to compete in its product market. Its product market is wide and broad based. What type of strategy is the company using?

Low cost leadership

Differentiation

Focused low-cost leadership strategy

A or c

None of the above

A Quick Accounting Knowledge Quiz!

Are you ready for a quick account knowledge test? Take this accounting quiz to check your understanding and learn new facts. For a business to prosper, they need funding, which can come through investments, cash, or selling...

Questions: 10 | Attempts: 27163 | Last updated: Sep 24, 2024

Sample Question
What is stockholders' equity?

Sales of products or services

Owners' claims to resources

Resources owned

Costs of selling products or services

Amounts owed

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: 3256 | 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 For Governmental & Not-for-profit Entities Quiz

Accounting for Governmental & Not-for-Profit Entities Quiz

Are you ready for this "Accounting for Governmental & Not-for-Profit Entities" quiz that we have brought here for you? Financial Accounting means to analyze, summarize, and record financial transactions as well as...

Questions: 10 | Attempts: 1066 | Last updated: Sep 8, 2023

Sample Question
Like other governmental funds, proprietary funds have no emphasis on income measurement.

True

False

Acct 6343.01 Accounting For Governmental & Not-for-profit Entities

ACCT 6343.01 Accounting for Governmental & Not-for-Profit Entities

The accounting midterm exam is coming up and as promised these quiz consists of the first five true or false questions you will be expected to answer on 19/3/2918. Give them a try and continue with your revision for the...

Questions: 5 | Attempts: 1053 | Last updated: Mar 22, 2022

Sample Question
The accounting standard setting authority for the federal government is the Governmental Accounting Standards Board (GASB).

True

False

A Quiz On Accounting Information System

What do you know about accounting information systems? To test your knowledge, try out this quiz on accounting information systems. It will be a knowledge-enhancing quiz for you, where you will check your understanding of the...

Questions: 10 | Attempts: 1632 | Last updated: Sep 18, 2022

Sample Question
Which of the following accurately depicts the components of an accounting information system?

People, forms, and reports

People, procedures, and information technology

People, procedures, and paper

Procedures, paper, and information technology

People, paper, and information technology

Fundamentals Of Accounting Test Quiz!

Fundamentals of Accounting Test Quiz!

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: 26768 | Last updated: Apr 29, 2024

Sample Question
Which financial statement displays the revenues and expenses of a company for a period of time?

Income Statement

Balance Sheet

Cash Flow Statement

Statement of Stockholder's Equity

Managerial Accounting MCQ Exam!

Questions: 20 | Attempts: 4527 | Last updated: Nov 17, 2023

Sample Question
Which of the following is NOT true regarding ERP?

It integrates traditional accounting information systems with other information systems.

It can be customized to provide specific and relevant information to different types of users.

It has evolved in the past few years to address the shortcomings of traditional accounting information systems.

It captures quantitative but not qualitative information.

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