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.

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

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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

“Machinery Installation” is a

2 / 25

Which of the following documents is prepared for purchase returns?

3 / 25

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

4 / 25

The previous name of "IFRS" was

5 / 25

 “Advance Rent” is a

 

6 / 25

"Preliminary expense" is a

7 / 25

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

8 / 25

A single-entry accounting system is a

 

 

9 / 25

What is the primary objective of depreciation?

10 / 25

An adjusting entry is given for

11 / 25

The rectification journal entry is given according to

12 / 25

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

13 / 25

What year was "IASC" founded?

14 / 25

"Income tax" is applied on

15 / 25

 “Unearned Revenue” is a

 

16 / 25

Identify the correct journal entry for the transaction “Cash withdrawn from a bank.”

17 / 25

Owner investment is considered a liability, according to

18 / 25

Who is the internal user of accounting information?

19 / 25

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

20 / 25

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

21 / 25

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

22 / 25

Which expense is not paid with "cash"?

23 / 25

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

24 / 25

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

25 / 25

What day is International Accounting Day celebrated?

Your score is

The average score is 45%

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