Accounting Quiz-07 (Mixed)

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?

Let’s Start

Rules

Quiz TypeTotal MCQTotal Time 
MCQ2510 Minutes
40
Created on By admin

Accounting Quiz-07 (Mixed)

Best of Luck!

1 / 25

Which of the following is prepared for the purchase return?

 

 

 

2 / 25

What is the main objective of depreciation? 

 

3 / 25

“Machinery Installation” is a

4 / 25

"Income tax" is applied on

5 / 25

 “Advance Rent” is a

 

6 / 25

If you want to make a 50% mark up on sales then how many percentages you have to charge on Purchase?

7 / 25

Identify the correct journal entry for “Cash withdrawn from a bank.”

8 / 25

 “Unearned Revenue” is a

 

9 / 25

On which day is the International Accounting Day celebrated?

10 / 25

”Cash” is not paid for which expense?

11 / 25

Single entry accounting system is a

12 / 25

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

 

13 / 25

Preliminary expense is a

14 / 25

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

15 / 25

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

16 / 25

Which of the following accounts are not included in the Balance Sheet?

17 / 25

The former name of “IFRS” is

 

18 / 25

In which year “IASC” was established?

19 / 25

Which of the following step is not mandatory in the accounting cycle?

 

20 / 25

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

 

21 / 25

Adjusting entry is given for

 

22 / 25

Which of the following is not included in the financial statement?

23 / 25

Owner investment is considered as liability according to

24 / 25

Who is called the internal user of accounting information?

25 / 25

The rectification journal entry is given according to

 

Your score is

The average score is 51%

0%

You can also test:

Accounting Quiz (Mixed)010203040506

Leave a Comment