Accounting Quiz-07 (Mixed)

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A quiz is an important tool for developing mental skills. And to develop this mental skill we have brought the Accounting Quiz section. If you practice these quizzes regularly, it will definitely increase your mental skills.

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

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Quiz TypeTotal MCQTotal Time 
MCQ2510 Minutes
Created by admin
Accounting Quiz-07 (Mixed)

Accounting Quiz-07

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

1 / 25

The rectification journal entry is given according to

2 / 25

Net profit $30,000, Tax Rate 40%, profit before tax will be

3 / 25

 “Advance Rent” is a

 

4 / 25

 “Unearned Revenue” is a

 

5 / 25

Which of the following documents is prepared for purchase returns?

6 / 25

What year was "IASC" founded?

7 / 25

The previous name of "IFRS" was

8 / 25

Which of the following steps is not necessary in the accounting cycle?

9 / 25

Which of the following is not an example of an intangible asset?

 

 

10 / 25

What is the primary objective of depreciation?

11 / 25

Which of the following is the company's most liquid asset?

12 / 25

"Income tax" is applied on

13 / 25

Identify the correct journal entry for the transaction “Cash withdrawn from a bank.”

14 / 25

“Machinery Installation” is a

15 / 25

What day is International Accounting Day celebrated?

16 / 25

"Preliminary expense" is a

17 / 25

An adjusting entry is given for

18 / 25

Who is the internal user of accounting information?

19 / 25

Which of the following accounts is not included on the Balance Sheet?

20 / 25

Which of the following is not recorded in the cash book?

21 / 25

Which one of the following is not included in the financial statements?

22 / 25

Owner investment is considered a liability, according to

23 / 25

Which expense is not paid with "cash"?

24 / 25

A single-entry accounting system is a

25 / 25

If you want to make a 50% profit on sales, how many percentages do you need to charge on purchases?

Your score is

The average score is 45%

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