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Accounting Concepts Quiz

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Accounting Concepts Quiz

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(7)
Played 48 %Accuracy 79 Average time 04:18
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About this activity

Test basic accounting ideas.

Created by

DESHANI KARUNARATNE
DESHANI KARUNARATNE
Sri Lanka
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Accounting Concepts Quiz

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Accounting Concepts Quiz
 

Accounting Concepts QuizOnline version

Test basic accounting ideas.

by DESHANI KARUNARATNE
1

Which accounting concept can be applicable to identify the Drawings and Additions as two seperate transactions?

2

Which accounting concept will recommend to exclude the qualitative items such as highly qualified and skillful labour force?

3

Which accounting concept can be applicble to identify sales revenue and cost of sales at the same time?

4

Which accounting concept will be suitable to divide assets and liabilities as short-term and long-term?

5

Which accounting concept explains that transaction should be recorded when the written evidence was issued or received?

6

Which accounting concept recommend to prepare financial statements in every fiscal year?

7

Which accounting concept recommend to maintain same financial statement formats continuously?

 
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