Accounting Quiz-03 (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-03 (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-06 (Mixed)

Accounting Quiz-03

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

1 / 25

Identify the correct Debit and Credit A/c for the following transaction: "Purchased supplies $ 200 on account"

2 / 25

Machinery Installation is a

3 / 25

Which one is correct?

 

4 / 25

Which letter or symbol is used for contra-entry?

 

5 / 25

What is net income on an income statement?

 

6 / 25

Which accounting system was developed by Luca de Pacioli?

 

7 / 25

Which of the following is prepared using Ledger Balances?

 

8 / 25

Which one is the correct accounting equation?

 

9 / 25

The debit balance in the "Ledger" indicates

 

 

 

10 / 25

"Ledger" is called the

 

 

11 / 25

Full-Form of “FASB”

 

12 / 25

Net profit ratio = 

 

 

 

13 / 25

What is the meaning of "C/D" in the ledger?

 

 

 

14 / 25

The "suspense account" in the trial balance indicates

 

 

15 / 25

Factory overhead Costs include

 

 

16 / 25

Which of the following is not a source of accounting information for businesses?

 

 

 

17 / 25

Identify the correct formula for calculating working capital.

 

 

 

18 / 25

What is the main principle of the "double-entry system"?

 

 

 

19 / 25

Which of the following is not included in the cost of goods sold?

 

20 / 25

Which of the following is not an example of a deferred expense?

 

 

21 / 25

Which is called the king of all books?

 

 

22 / 25

Which of the following is an example of capital expenditure?

 

23 / 25

Which of the following "event" is recorded in the accounting book?

 

 

 

24 / 25

Which of the following is an example of long-term liability?

 

 

25 / 25

Which of the following expenses is included in the prime cost?

Your score is

The average score is 60%

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Accounting Quiz (Mixed)010204050607

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