Accounting Quiz-06 (Mixed)

by
Accounting Quiz-06 (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 “Accounting Quiz-06 (Mixed)” regularly, it will definitely increase your mental skills and accounting knowledge.

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?

Let’s Start

Rules

Quiz TypeTotal MCQTotal Time 
MCQ2510 Minutes
113
Created on By admin
Accounting Quiz-06 (Mixed)

Accounting Quiz-06 (Mixed)

Best of Luck!

 

1 / 25

Which of the following is not a qualitative characteristic of a Financial Statement?

2 / 25

Which of the following account is closed at the end of the accounting year?

 

3 / 25

Which of the following event is not an example of a transaction?

 

4 / 25

Which of the following transaction does not affect Owners’ equity?

 

5 / 25

Who is the internal user of accounting information?

 

6 / 25

Normally, which of these accounts have a credit balance?

 

7 / 25

"Balance Sheet" is a

 

8 / 25

The main feature of bookkeeping is

 

9 / 25

Which of the following is not a step in the accounting process?

 

10 / 25

"Income Tax" is a

11 / 25

The word “Debit and Credit” have been originated from which language?

12 / 25

Full-Form of “AAA”

 

13 / 25

If the goods sold on credit are returned from the buyer, the book usually is written:

 

14 / 25

“Received from Finch as a loan” Identify the correct journal entry

 

15 / 25

Which entry will be provided for opening stock?

 

16 / 25

Purchased Stationery including VAT 15%, Debit will be

 

17 / 25

Fixed assets are shown in the balance sheet according to

 

18 / 25

Which of the following is a deferred revenue expenditure?

19 / 25

“Entity Principle” means

 

20 / 25

Which of the following account is written on the credit side of the Trial Balance?

21 / 25

Bad debts reserve is a

 

22 / 25

Which of the following account is not included in the post-closing trial balance?

 

23 / 25

"Unearned Revenue" is a

 

24 / 25

Depreciation is a process of cost allocation for which?

 

25 / 25

Which of the following accounts are included in the profit and loss statement?

 

Your score is

The average score is 48%

LinkedIn Facebook Twitter VKontakte
0%

You can also test:

Accounting Quiz (Mixed)010203040507
Print Friendly, PDF & Email

Leave a Comment