Accounting Quiz-01 (Mixed)

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Accounting Quiz-01 (Mixed)

Playing the quiz is an effective way to improve mental competencies. And to develop this mental skill we have brought the Accounting Quiz section. If you Practice these 25 “Accounting Quiz-01 (Mixed)” on a regular basis and it will definitely enhance your mental and accounting skills.

Are You Ready to increase your accounting skills to the next level?

Now, Test your knowledge with our mixed basic accounting quizzes (Multiple Choice questions). It will definitely develop your accounting skill.

Let’s Start

Rules

Quiz TypeTotal MCQTotal Time 
MCQ2510 Minutes
Created by admin
Accounting Quiz-07 (Mixed)

Accounting Quiz-01

Ready to test your accounting knowledge? Take this quick quiz and see how you score!

1 / 25

The left side of an account is called

2 / 25

Which one is the correct accounting equation?

3 / 25

The main objective of accounting is

4 / 25

Which of the following is not a branch of accounting?

5 / 25

Which of the following events are recorded in an accounting book?

6 / 25

Which one is a non-profit organization?

7 / 25

Which of the following is true for net income?

8 / 25

Full-Form of “AAA”

9 / 25

Who are the internal users of accounting information in a business?

10 / 25

Which of the following is not considered a transaction?

11 / 25

Which of the following is not a component of the cash flow statement?

12 / 25

Which one is included in an income statement?

13 / 25

Which one is an example of an expense?

14 / 25

How can an organization make a profit?

15 / 25

Modern accounting originated in

16 / 25

Which of the following is not part of the accounting process?

17 / 25

Bookkeeping includes only

18 / 25

Which city was the first to begin using the double-entry bookkeeping system?

19 / 25

Luca de Pacioli is a/an

20 / 25

According to cost principles, businesses should record their assets at

21 / 25

Accounting is an

22 / 25

Which of the following is an example of intangible asset?

23 / 25

Which of the following statements describes a company's financial position?

24 / 25

Which of the following statements is true for "credit"?

25 / 25

What is the effect on the accounting equation for this transaction? Paid to Creditors $300

Your score is

The average score is 62%

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Accounting Quiz (Mixed)020304050607

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