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
9
Created on By admin

Accounting Quiz-04 (Mixed)

Best of Luck!

 

 

1 / 25

“Advance Income” is a

 

 

2 / 25

Who prepares the Bank Reconciliation Statement?

 

3 / 25

“Credit” indicates

 

 

4 / 25

What is the meaning of "Dual entity Concept "?

 

 

5 / 25

Cost of Goods Sold =

 

 

6 / 25

"Depreciation expense" reduces

 

 

7 / 25

Identify the depreciation rate by straight-line method for an asset has a useful life 8 years.

 

 

 

8 / 25

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

 

9 / 25

Which one is an example of nominal A/c

 

10 / 25

"Bank Reconciliation Statement" is prepared according to

 

11 / 25

Who prepares Debit Note?

 

12 / 25

Which one is not an example of Liability?

 

13 / 25

1st Step of the financial statement is

 

 

 

14 / 25

"Director fee" is a

 

15 / 25

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

 

 

 

16 / 25

Foundation year of "AICPA"

 

 

17 / 25

What is the matching principle?

 

 

18 / 25

Which of the principle is followed for creating “Depreciation Reserve”

 

 

19 / 25

The current name of "IAS" is

 

20 / 25

Full form of “IASC”

 

 

 

21 / 25

Identify the correct adjusting entry for the following transaction: Accrued Salary for the month of June is $300

 

 

 

 

22 / 25

Accounting is a/an

 

 

23 / 25

In which year modern accounting has been originated?

 

24 / 25

"Expanded Accounting Equation" is

 

25 / 25

Which of the following is a foundation of accounting?

Your score is

The average score is 44%

0%

You can also test:

Accounting Quiz (Mixed)010203050607

Leave a Comment