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.

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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 one is an example of a transaction?

3 / 25

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

 

4 / 25

Full-Form of “GAAP”

 

5 / 25

Which one is used for rough work on financial statements?

 

6 / 25

"Journal" is called

 

7 / 25

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

 

8 / 25

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

9 / 25

Total number of columns in the "T" account

 

10 / 25

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

 

 

11 / 25

Which accounting system is more commonly used to keep accounts?

 

12 / 25

Which entry is used to close the nominal account?

 

 

13 / 25

What document is used to record financial transactions chronologically?

 

14 / 25

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

 

15 / 25

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

16 / 25

"Credit" indicates

 

 

 

17 / 25

Which of the following is an example of liabilities?

 

18 / 25

Which is referred to as the business language?

19 / 25

The "reason for the transaction" is known from

 

 

20 / 25

Which transaction will increase liabilities?

 

 

 

21 / 25

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

 

 

22 / 25

The import duty of goods is a

23 / 25

Which one is recorded in the statement of financial position?

 

24 / 25

Which of the following is a revenue item?

25 / 25

Which one is the correct Expanded Accounting Equation?

 

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Accounting Quiz (Mixed)010304050607

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