Accounting Quiz-05 (Mixed)

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

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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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Accounting Quiz (Mixed)010203040607

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