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Quizzes : Accounting

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And so it came to pass; the debits shall equal the credits.

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1 trivia quiz  Bookkeeping Basics icon
The merchandising business sells physical products, called inventory, instead of services. Accounting for a merchandising business is a bit more complex because the merchandiser must obtain inventory, instead of services.
Average 10Q
801 plays
Aug 03 07
trevor1968 gold
2 trivia quiz  Accounting 101 - Bookkeeping
Includes some of the things I've learned in my first six weeks of Accounting and Finance.
Tough 15Q
2274 plays
Oct 19 01
LadyCaitriona
3 trivia quiz  General Accounting Knowledge icon
Some accounting that everyone should have a taste of.
Average 10Q
1326 plays
Apr 16 07
blink_angel_182
4 trivia quiz  Accounting Information Systems icon
An accounting information system is the combination of people, procedures and business records that a company maintains to manage financial data. Note: This quiz pertains to businesses in North America.
Tough 10Q
492 plays
Aug 20 07
Trevor1968 gold
5 trivia quiz  Managerial and Cost Accounting icon
One of the accountant's most challenging and engaging jobs is cost accounting in support of management decision making. This quiz asks a few questions about the basics.
Difficult 10Q
993 plays
Jan 04 05
Jayman0755
6 trivia quiz  Accounting #1 icon
I thought I would make a quiz about accounting, since I have been taking accounting classes all summer. Good luck to anyone who actually plays this, and remember that I am Canadian, so this is Canadian accounting.
Tough 10Q
1887 plays
Jul 31 02
jdrr22
7 trivia quiz  Ratios in Accounting icon
This quiz is a test on ratios that you may need to use if you were an accountant.
Tough 10Q
495 plays
Jul 04 07
mick_is_god
8 trivia quiz  Generally Accepted Accounting Principles icon
This quiz tests your knowledge of generally accepted accounting principles, also known as GAAP, that are sometimes twisted and kneaded by companies trying to mislead. Please note, the name used is purely fictitious.
Tough 10Q
1362 plays
Aug 12 02
Akhnaten
9 trivia quiz  Basic Accounting 1 icon
These are the basics of accounting and anyone can attempt this easy quiz.
Average 10Q
2811 plays
Nov 28 02
litacanrena
10 trivia quiz  Basic Accounting 4 icon
Well, it is not so basic anymore. This deals with the trial balance.
Average 10Q
1197 plays
Sep 09 03
litacanrena
11 trivia quiz  Accounting #3 icon
Here is another quiz on basic accounting. Good luck.
Average 5Q
1449 plays
Aug 01 02
jdrr22
12 trivia quiz  American Accounting Vocab I
Beginning Accounting Vocabulary
Difficult 5Q
1029 plays
Aug 25 01
Benji512 gold
13 trivia quiz  Accounting #2 icon
Here is another accounting quiz. Once again, please remember that I am a Canadian, so there may or not be some small differences.
Tough 5Q
1485 plays
Aug 01 02
jdrr22
14 trivia quiz  Basic Accounting 2 icon
This is a follow up to my "Basic Accounting 1" quiz. The entire quiz is based on the UK system.
Average 10Q
1170 plays
Apr 17 03
litacanrena
15 trivia quiz  Basic Accounting 3 icon
This quiz focuses on the double entry system. I will ask you some questions and you have to say whether it is debited or credited.
Average 10Q
1173 plays
Jul 25 03
litacanrena

Some sample questions from this category:

* What is the normal balance for an expense account?
* The act of transferring the information from the General Journal to the General Ledger is called what?
* The abbreviations for debit and credit (Dr. and Cr.) come from what language, and mean what?
* What kind of balance sheet makes distinctions between current and capital assets?
* How do you get the Current Ratio?
* When we talk about accounting, what kind of job do we mean?
* Which part of the G.A.A.P. is "the assumption that economic events can be identified with a particular unit of accountability"?
* Which form of accounting states that transactions are to be recorded in the period that they occur?
* When you bill a customer for services rendered but do not receive the money in the same financial period, then the transaction is recorded as a(n) ________ (assume accrual basis of accounting)?
* A primary user of accounting information with a direct financial interest in the business is a...?
* Accounting for government, foundations, hospitals, labour unions, colleges/universities, and charities is part of which broad category within the accounting profession?
* Prior to the recording of adjusting entries, revenues exceed expenses by $60,000. Adjusting entires for accrued wages of $5,000 and an amortization expense of $5,000 were made. Net income for the year would be?
* The proper sequence for the accounting cycle is?
* The adjustment for amortization is an example of?
* A $100 petty cash fund has cash of $21 and valid receipts for $80. The journal entry upon replenishment would include a...?
* A group of accounts with a common characteristic, such as all customer accounts is a...?
* Net credit sales are normally sold on terms of n/30 (net in 30 days). Net credit sales total $50,000, and the average net accounts receivable is $5,000 in the current period. The collection period ratio is...?
* Which of the following is not an acceptable statement of the basic accounting equation?
* Which of the following accounts would be increased with a debit?
* The financial statement that summarizes information concerning the cash inflows and outflows during a period is the ...?

This is category 10192

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