Accounting Quizzes, Questions & Answers
Recent Quizzes
Assessment of comprehension and application of concepts presented in the TIGI Primer on Hospital Accounting and Finance.
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Questions: 15 | Attempts: 89 | Last updated: Nov 15, 2023
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Sample QuestionIncome for a hospital or health system is recognized when:
As an accounting student, you need to ensure that you are up to date with what you study. This accounting test is specially created to test your accounting skills with intermediate level questions. Only the brightest of...
Questions: 20 | Attempts: 738 | Last updated: Mar 21, 2023
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Sample QuestionUsing the FIFO method answer the following question. A company purchases 25 units at a price of $5 each. Then they purchase 10 units at the price of $4 each. Afterwards, they sell 30 units at a price of $10 each. Then they sell 2 units at a price of $15. Then they sell 3 units at the price of $15 each. What is the COGS?
Struggle to study accountancy? Take this accounting quiz for starters, and see how much you understand accounts. Well, it is not that difficult, especially if you know the basics. This is an accounting quiz designed to clear some...
Questions: 25 | Attempts: 1457 | Last updated: Aug 28, 2023
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Sample QuestionTo increase a cash account, we have to credit it.
Are you familiar with management accounting? Would you like to try this quiz? In managerial accounting, managers utilize accounting information to better inform themselves before making decisions about their organizations, which...
Questions: 28 | Attempts: 927 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following statements is TRUE with respect to variable costs per unit?
Process costing is very different from job costing. While one is the accumulation of dingle costs throughout the process the other is an accumulation of all cost involved for a process. Do you believe you can distinguish...
Questions: 8 | Attempts: 141 | Last updated: May 8, 2024
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Sample QuestionDirect labor costs plus manufacturing overhead costs equal:
Calculating costs involves during manufacturing can help a company not where most of the money in the process goes to. How improved are your skills of calculating these costs? The quiz below is designed to answer just that....
Questions: 14 | Attempts: 450 | Last updated: Sep 5, 2023
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Sample QuestionThe full-time employees at Percy Enterprises work 8 hours per day, while the part-time employees work 4 hours per day. Percy has 2,000 full-time employees and 800 part-time employees. What is the number of full-time equivalent employees?
Do you feel confident that what we covered in the previous class on processes costing is now well understood? Take up the quiz and let the score show if you are ready to dive deeper into what process costing is all about. All...
Questions: 14 | Attempts: 515 | Last updated: Mar 22, 2023
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Sample QuestionWhen units are moved from one processing department to the next, the cost associated with those units must also be moved from one WIP account to the next. These costs are called:
Questions: 28 | Attempts: 625 | Last updated: Mar 20, 2023
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Sample QuestionWhen units are moved from one processing department to the next, the cost associated with those units must also be moved from one WIP account to the next. These costs are called:
This test requires a lot of studying on the students’ part. The multiple answer questions given-below make it easier for one to revise and refresh their memory on what they have learnt so far. If you believe in yourself and...
Questions: 34 | Attempts: 3087 | Last updated: Mar 22, 2023
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Sample QuestionTo record revenue and expenses is the role of the...
Questions: 11 | Attempts: 829 | Last updated: Mar 22, 2023
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Sample QuestionThe journal entry needed to record the receipt of a bill from the company’s marketing agency would include a:
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