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Basic Accounting Quiz

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Basic Accounting Quiz

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Test your accounting knowledge!

Created by

Jimmalyne
Jimmalyne
Papua New Guinea

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Basic Accounting Quiz
 

Basic Accounting QuizOnline version

Test your accounting knowledge!

by Jimmalyne
1

Which financial statement shows a company's assets and liabilities?

2

What does 'debit' mean in accounting?

3

What is the term for money earned from sales?

4

Which account type represents what a company owns?

5

What is the purpose of a trial balance?

6

Which accounting principle requires recording expenses when incurred?

7

What is an expense?

8

Which document summarizes a company's financial position at a specific time?

9

What does 'liability' mean in accounting?

 
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