Accounting Quiz-05 (Mixed)

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Accounting Quiz-05 (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-05 (Mixed)” on a regular basis and it will definitely enhance your mental and accounting skills.

Now, Test your knowledge with our mixed basic accounting quizzes (Multiple Choice questions). It will definitely develop your accounting skill.

Are You Ready to increase your accounting skills to the next level?

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Rules

Quiz TypeTotal MCQTotal Time 
MCQ2510 Minutes
17
Created on By admin

Accounting Quiz-05 (Mixed)

 

 

1 / 25

Word of “depreciation” from

 

2 / 25

Which is called the "Roadmap of Financial Statement "?

 

3 / 25

1st Step of the "accounting cycle" is

 

4 / 25

“Net Loss” decreases

 

5 / 25

"Accounting" is a

6 / 25

"Transaction" is a

7 / 25

Paid prepaid insurance $500. “Debit” will be

8 / 25

Utilities aren’t assets-which principle should be recorded as expenditures?

 

9 / 25

Which one is an example of a "Non-Cash transaction"?

 

10 / 25

"Capital" will increase if

 

11 / 25

"Bad Debt Reserve" is a

12 / 25

Which account is not maintained in a single entry system?

 

 

13 / 25

Which of the following is not disclosed in the balance sheet?

 

14 / 25

Which one is an example of an intangible asset?

15 / 25

What will the effect be if the useful life of an asset changed from 10 years to 12 years?

16 / 25

Net Sales-Gross Profit=

 

17 / 25

Daily book of accounts is

18 / 25

"Depreciation" charged on

19 / 25

"Debit Note" is prepared for

20 / 25

Which accounts will be closed after accounting Year?

21 / 25

What is the measurement unit of Transaction?

 

22 / 25

“Sold used car for $1,000.” Credit will be

23 / 25

Which of the following is an example of Current Liabilities?

24 / 25

Which one is a direct expense?

25 / 25

Opening Stock=

 

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