Accounting Quiz-03 (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-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.

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Quiz TypeTotal MCQTotal Time 
MCQ2510 Minutes





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Accounting Quiz-06 (Mixed)

Accounting Quiz-03

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

1 / 25

The debit balance in the "Ledger" indicates




2 / 25

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


3 / 25

Which of the following is an example of capital expenditure?


4 / 25

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



5 / 25

"Ledger" is called the



6 / 25

Which one is correct?


7 / 25

Which letter or symbol is used for contra-entry?




8 / 25

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





9 / 25

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


10 / 25

Full-Form of “FASB”


11 / 25

Factory overhead Costs include



12 / 25

The "suspense account" in the trial balance indicates



13 / 25

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



14 / 25

Which is called the king of all books?



15 / 25

Net profit ratio = 


16 / 25

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


17 / 25

What is net income on an income statement?


18 / 25

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

19 / 25

Which one is the correct accounting equation?


20 / 25

Which of the following is prepared using Ledger Balances?




21 / 25

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




22 / 25

Identify the correct formula for calculating working capital.




23 / 25

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


24 / 25

Machinery Installation is a

25 / 25

Which accounting system was developed by Luca de Pacioli?


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The average score is 60%


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Accounting Quiz (Mixed)010204050607

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