Accounting Quizzes and Practice Tests
If you have difficulty answering the following questions, learn more about this topic byreading our Debits and Credits (Explanation) and AdditionalExplanation. If you have difficulty answering the following questions, learn more about this topic byreading our Cash Flow Statement (Explanation). If you have difficulty answering the following questions, learn more about this topic byreading our Financial Statements (Explanation). If you have difficulty answering the following questions, learn more about this topic byreading our Financial Accounting (Explanation). If you have difficulty answering the following questions, learn more about this topic byreading our Accounting Basics (Explanation).
Accounting Multiple-Choice Questions
Learn accounting and finance concepts fast and fun using contents from lessons covered in the Accounting Flashcards App. Test your knowledge of bookkeeping and accounting with our online accounting basics quiz. Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand bookkeeping and introductory accounting. If you wish to take an sales revenue please do so by first choosing a quiz from the Popular Quiz list below.
Start the Accounting Basics Quiz
Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. Almost 700 unique accounting questions with PDF available inside with questions, answers, and explanations.
- Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more.
- If you have difficulty answering the following questions, learn more about this topic byreading our Financial Accounting (Explanation).
- If you have difficulty answering the following questions, learn more about this topic byreading our Cash Flow Statement (Explanation).
Bookkeeping Basics Quizzes
Note that there is no time limit to answer the questions, and you can have as many goes at answering each question as you like. “I started using AccountingCoach when I found myself unemployed and looking to brush up on my cost accounting skills. It was a wonderful tool and I found it easy to use and contained all the information I would need to get familiar with the topic, all while not having to go back to my college books or my CPA review materials. It is affordably priced and well worth investing in. I am now employed and the materials I studied helped me to prepare for questions I received in the interview process regarding topics I needed to brush up on.”- Karen B. For each item below, write down what is required on a piece of paper.
Free Accounting Courses
He is the sole author of all the materials on AccountingCoach.com. For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. Here is a free basic accounting test to check your understanding of the section on the basic accounting concepts.
Why not try one of our https://www.business-accounting.net/zes and test your knowledge of bookkeeping and accounting. Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. The owner’s equity account that contains the amount invested in the sole proprietorship by Mary Smith plus the net income since the company began minus the draws made by Mary Smith since the company began. The current year net income might be in the temporary revenue and expense accounts and the current year draws might be in the drawing account. However, after the financial statements for the year are prepared the current year net income and draws will be transferred to this account.
Cash Flow Statement Quizzes
For multiple-choice and true/false questions, simply press or click on what you think is thecorrect answer.For fill-in-the-blank questions, press or click on the blank space provided. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. To make this test more realistic, time yourself to make sure that you’re not just getting the correct answers but also answering at the right speed.
He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. If you need a refresher course on this topic you can view our bookkeeping basics tutorials here. Receive instant access to our graded QuickTests (more than 1,800 unique test questions) when you joinAccountingCoach PRO.
You can check your answers later through the link at the end of the quiz. This Accounting Test is designed to help you assess your knowledge of essential accounting principles and basic concepts. We strongly encourage any students who are planning or are beginning their FMVA certification program to take this test to determine whether you will need to take the prerequisite accounting courses, including Accounting Fundamentals and Reading Financial Statements. This is also a useful resource for employers to examine the technical knowledge of the candidates during an accounting or finance interview. My Accounting Course is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online.
Once you have completed the test here (and written down your answers), click on the Check Your Answers button at the bottom of this page and you will go to a new page with the solutions. Please note that the solution sheet on the next page only shows the solutions and not whether you got each of the questions right or wrong. Gain unlimited access to more than 250 productivity Templates, CFI’s full course catalog and accredited Certification Programs, hundreds of resources, expert reviews and support, the chance to work with real-world finance and research tools, and more. Take your learning and productivity to the next level with our Premium Templates.
CFI is the official global provider of the Financial Modeling and Valuation Analyst (FMVA)™ certification program, designed to transform anyone into a world-class financial analyst. Enroll now to gain the skills you need to take your career to the next level. Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own.
