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

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

2 / 25

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

3 / 25

Luca de Pacioli is a/an

4 / 25

According to cost principles, businesses should record their assets at

5 / 25

Which one is an example of an expense?

6 / 25

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

7 / 25

The main objective of accounting is

8 / 25

Which of the following is an example of intangible asset?

9 / 25

Accounting is an

10 / 25

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

11 / 25

Which one is included in an income statement?

12 / 25

Modern accounting originated in

13 / 25

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

14 / 25

How can an organization make a profit?

15 / 25

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

16 / 25

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

17 / 25

Which one is a non-profit organization?

18 / 25

Bookkeeping includes only

19 / 25

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

20 / 25

Which of the following is not a branch of accounting?

21 / 25

Full-Form of “AAA”

22 / 25

Which of the following is not considered a transaction?

23 / 25

Which of the following is true for net income?

24 / 25

The left side of an account is called

25 / 25

Which one is the correct accounting equation?

Your score is

The average score is 62%

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Accounting Quiz (Mixed)020304050607

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