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

A Balance Sheet Presents

 

 

2 / 25

Which transaction will increase liabilities?

 

3 / 25

The "reason for the transaction" is known from

 

 

4 / 25

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

 

 

5 / 25

"Credit" indicates

 

6 / 25

The import duty of goods is a

7 / 25

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

 

8 / 25

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

 

9 / 25

Which of the following is a revenue item?

10 / 25

Full-Form of “GAAP”

 

11 / 25

Which one is recorded in the statement of financial position?

 

12 / 25

Which one is used for rough work on financial statements?

 

13 / 25

Total number of columns in the "T" account

 

14 / 25

Which accounting system is more commonly used to keep accounts?

 

15 / 25

Which is referred to as the business language?

16 / 25

Which one is an example of a transaction?

 

 

17 / 25

Which of the following is an example of liabilities?

 

18 / 25

"Journal" is called

 

19 / 25

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

 

20 / 25

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

21 / 25

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

 

 

 

 

22 / 25

What document is used to record financial transactions chronologically?

 

23 / 25

Which entry is used to close the nominal account?

24 / 25

Which one is the correct Expanded Accounting Equation?

 

25 / 25

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

Your score is

The average score is 58%

0%

You can also test:

Accounting Quiz (Mixed)010304050607

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *