Accounting Quiz-04 (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-04 (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-04

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

 

 

1 / 25

In which year did modern accounting begin?

 

 

2 / 25

Which accounting principle is followed when creating the "Depreciation Reserve"?

 

3 / 25

Full form of “IASC”

4 / 25

Bad debts recovered by $300. Identify the “Debit A/c” for this transaction

 

 

5 / 25

Which of the following is an example of tangible fixed assets?

6 / 25

Determine the depreciation rate using the straight-line method for an asset with an 8-year useful life.

 

 

7 / 25

Which of the following is not an example of liability?

8 / 25

Double-entry bookkeeping requires every transaction to be recorded in at least how many accounts?

9 / 25

Which of the following is an example of nominal accounts?

 

 

10 / 25

What is the purpose of depreciation?

 

 

11 / 25

What is the meaning of "Dual Entity Concept "?

12 / 25

Cost of Goods Sold =?

13 / 25

Who prepares the debit note?

14 / 25

“Credit” indicates

 

 

15 / 25

"Director fee" is a

16 / 25

What is the matching principle?

17 / 25

“Advance Income” is a

18 / 25

Which of the following is a foundation of accounting?

 

 

19 / 25

Determine the correct adjusting entry for the following transaction: June's accrued salary is $300.

 

20 / 25

"Expanded Accounting Equation" is

21 / 25

Who prepares the Bank Reconciliation Statement?

 

 

22 / 25

Which of the following methods of depreciation allocates a higher expense in the early years of an asset's life?

 

23 / 25

Which account increases when a company sells a product or service on credit?

24 / 25

The "Bank Reconciliation Statement" is prepared according to which accounting principle?

 

 

 

25 / 25

Accounting is a/an

Your score is

The average score is 48%

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Accounting Quiz (Mixed)010203050607

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