Accounting Quiz-05 (Mixed)

Byadmin

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 25 “Accounting Quiz-05 (Mixed)” on a regular basis and it will definitely enhance your mental and accounting 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
Created by admin
Accounting Quiz-07 (Mixed)

Accounting Quiz-05

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

 

1 / 25

Which accounts will be closed after the fiscal year ends?

2 / 25

"Debit Note" is prepared for

3 / 25

"Bad Debt Reserve" is a

4 / 25

A company pays rent for a building upfront for the entire year. This prepaid rent is recorded as a:

 

5 / 25

Which of the following is an example of a "non-cash transaction"?

 

6 / 25

The daily book of accounts is

7 / 25

Which of the following is an example of an intangible asset?

8 / 25

The cost of goods sold (COGS) appears on which financial statement?

 

9 / 25

Utilities are not assets and should be recorded as expenditures. According to which principle

 

10 / 25

What is the unit of measurement for transactions?

 

11 / 25

Which is known as the "Roadmap of Financial Statements"?

 

 

12 / 25

"Accounting" is a

13 / 25

The difference between a company's total assets and total liabilities represents the:

 

14 / 25

Which of the following is an example of current liabilities?

15 / 25

"Depreciation" charged on

16 / 25

The financial ratio that measures a company's ability to pay its current liabilities is called the:

 

17 / 25

Which one is a direct expense?

18 / 25

“Sold used car for $1,000.” Credit will be:

 

 

19 / 25

A company distributes a portion of its profits to shareholders. This distribution is called a:

 

20 / 25

Net Sales - Gross Profit =?

 

21 / 25

"Owner's Equity" will increase if

 

22 / 25

What is the first step of the accounting cycle?

 

 

23 / 25

Which account is not maintained using a single-entry system?

24 / 25

"Transaction" is a

25 / 25

What happens if an asset's useful life is extended from ten to twelve years?

Your score is

The average score is 48%

LinkedIn Facebook VKontakte
0%

You can also test:

Accounting Quiz (Mixed)010203040607

Print Friendly, PDF & Email

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *