Accounting Quiz-02 (Mixed)

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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 accounting system is more commonly used to keep accounts?

 

3 / 25

The import duty of goods is a

 

 

4 / 25

Which of the following is an example of liabilities?

 

5 / 25

Which of the following is a revenue item?

6 / 25

Which one is the correct Expanded Accounting Equation?

 

7 / 25

Which one is used for rough work on financial statements?

 

8 / 25

Which is referred to as the business language?

9 / 25

A Balance Sheet Presents

10 / 25

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

 

 

11 / 25

What document is used to record financial transactions chronologically?

 

12 / 25

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

 

 

13 / 25

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

 

14 / 25

"Credit" indicates

 

 

 

15 / 25

Which transaction will increase liabilities?

 

16 / 25

Which one is an example of a transaction?

17 / 25

Which one is recorded in the statement of financial position?

 

18 / 25

"Journal" is called

 

19 / 25

Total number of columns in the "T" account

 

20 / 25

Which entry is used to close the nominal account?

 

 

21 / 25

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

 

 

22 / 25

The "reason for the transaction" is known from

23 / 25

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

 

24 / 25

Full-Form of “GAAP”

 

25 / 25

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

 

Your score is

The average score is 58%

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Accounting Quiz (Mixed)010304050607

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