Accounting Quiz-07 (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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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

Who is the internal user of accounting information?

2 / 25

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

3 / 25

Identify the correct journal entry for the transaction “Cash withdrawn from a bank.”

4 / 25

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

5 / 25

What year was "IASC" founded?

6 / 25

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

7 / 25

 “Advance Rent” is a


8 / 25

What day is International Accounting Day celebrated?

9 / 25

A single-entry accounting system is a

10 / 25

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

11 / 25

An adjusting entry is given for



12 / 25

What is the primary objective of depreciation?

13 / 25

"Preliminary expense" is a

14 / 25

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

15 / 25

"Income tax" is applied on

16 / 25

“Machinery Installation” is a

17 / 25

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

18 / 25

 “Unearned Revenue” is a


19 / 25

The rectification journal entry is given according to

20 / 25

The previous name of "IFRS" was

21 / 25

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

22 / 25

Which expense is not paid with "cash"?

23 / 25

Owner investment is considered a liability, according to

24 / 25

Which of the following documents is prepared for purchase returns?

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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Accounting Quiz (Mixed)010203040506

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