Accounting Quiz-02 (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-02 (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-04 (Mixed)

Accounting Quiz-02

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

 

1 / 25

The debit balance of the "Ledger" account indicates...

2 / 25

Which one is used for rough work on financial statements?

 

 

 

3 / 25

"Sale of furniture" for the furniture merchandising business will be considered as

 

 

4 / 25

Which of the following statements is incorrect for the user of accounting information?

5 / 25

Which is referred to as the business language?

6 / 25

If revenue expenditure is recorded as capital expenditure, which calculation will be incorrect?

 

 

 

 

7 / 25

Which transaction will increase liabilities?

 

 

 

8 / 25

Which of the following is an example of liabilities?

 

9 / 25

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

 

 

 

10 / 25

What document is used to record financial transactions chronologically?

 

11 / 25

Full-Form of “GAAP”

 

12 / 25

Which accounting system is more commonly used to keep accounts?

 

13 / 25

Which account will be credited when bad debts are written off?

 

14 / 25

Which one is recorded in the statement of financial position?

 

15 / 25

Total number of columns in the "T" account

 

16 / 25

The import duty of goods is a

17 / 25

Which of the following is a revenue item?

18 / 25

The "reason for the transaction" is known from

19 / 25

"Credit" indicates

 

20 / 25

Which entry is used to close the nominal account?

21 / 25

Which one is the correct Expanded Accounting Equation?

 

22 / 25

A Balance Sheet Presents

23 / 25

"Journal" is called

 

24 / 25

The difference between the total amount of debit and credit of an account is called

 

25 / 25

Which one is an example of a transaction?

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Accounting Quiz (Mixed)010304050607

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