Accounting Quiz | Accounting Online Test for Practice

Here is the list of Accounting quiz questions and answers available online test and pdf download format to practice for exams.

Accounting Questions with Answers

31. Liquid or Quick assets =

32. The liabilities that are payable in more than a year and are not be liquidated from current assets

33. The debts, which are to be repaid within a short period (year or less) are known as

34. The following is also known as External Internal Equity ratio

35. Balance sheets are prepared

36. Real accounts records

37. Asset accounts have what type of balance?

38. A contra asset account has what type of balance?

39. The accrual basis of accounting records revenues when they are:

40. Which account increases equity?

41. which EC directive standardized the form of accounts to which financial reports for external users must conform?

42. The account format that displays debits, credits, balances, and headings.

43. A Low Return on Investment Ratio (ROI) indicates

44. Which financial statement displays the revenues and expenses of a company for a period of time?

45. Which financial statement uses the expanded accounting equation?

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Multiple Choice Questions and Answers on Accounting

Accounting Multiple Choice Questions and Answers

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