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

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

2 / 25

Which of the following is not a branch of accounting?

3 / 25

Which of the following is true for net income?

4 / 25

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

5 / 25

Accounting is an

6 / 25

The left side of an account is called

7 / 25

Which one is the correct accounting equation?

8 / 25

Luca de Pacioli is a/an

9 / 25

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

10 / 25

Which one is included in an income statement?

11 / 25

Which of the following is not considered a transaction?

12 / 25

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

13 / 25

Full-Form of “AAA”

14 / 25

According to cost principles, businesses should record their assets at

15 / 25

Which one is a non-profit organization?

16 / 25

Bookkeeping includes only

17 / 25

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

18 / 25

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

19 / 25

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

20 / 25

Which one is an example of an expense?

21 / 25

Which of the following is an example of intangible asset?

22 / 25

Modern accounting originated in

23 / 25

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

24 / 25

The main objective of accounting is

25 / 25

How can an organization make a profit?

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The average score is 62%

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Accounting Quiz (Mixed)020304050607

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