Accounting Basics Quiz

Quiz

Played 0

Create copy

About this activity

Fundamental accounting concepts

Created by

Brithany Fiorella Perez Cajape

Ecuador

Download the paper version to play

Top 10 results

There are still no results for this game. Be the first to stay in the ranking! Log in to identify yourself.

Make your own free game from our game creator

Compete against your friends to see who gets the best score in this game

Make challenge

Tissues - Practice Quiz

Benjamin D Morgan

United States

(16)

Tissues - Practice Quiz
UPS 5 Seeing Habits Quiz

Heather Bell

United States

(12)

Test your knowledge about the 5 seeing habits discussed in the text 'UPS 5 seeing habits'.
Spanish Alphabet Listening

Falkenberg Falkenberg

United States

(87)

Spanish alphabet, listening-based assessment
Photosynthesis vs Cellular Respiration - Practice Quiz

Benjamin D Morgan

United States

(39)

Photosynthesis vs Cellular Respiration - Practice Quiz
Practice Quiz - Punnett Square, Variation, and Mutations

Benjamin D Morgan

United States

(14)

Practice Quiz - Punnett Square, Variation, and Mutations

		%
	Anonymous	%
		%
		%

Print your game

Accounting Basics Quiz


Accounting Basics QuizOnline version Fundamental accounting concepts by Brithany Fiorella Perez Cajape 1 What are the concept and steps of accounting? a Classification: Organize documents; Presentation: Show results; Interpretation: Draw conclusions from the results. b Classification: Organize documents; Registration: Post in the ledger; Presentation: Show the results; Interpretation: Analyze the data c Registration: Record in the accounting books; Presentation: Show the results; Interpretation: Explain the data. d Classification: Organize the documents; Registration: Record in the accounting books; Presentation: Show the results; Interpretation: Draw conclusions from the results. 2 What is the objective of accounting? a Obtain and provide timely information to the business administrators. b To prepare annual tax reports only. c To assist only with budgeting and forecasting. d To maximize profits for the owners. e To replace the need for financial statements. 3 What is the concept of a accountant (contable)? a An employee who manages only payroll. b A person who audits exclusively external statements. c A temporary worker who handles cash only. d The person who keeps records in a company without legal authority. e The person legally authorized to sign and carry the accounting of a company under their responsibility. 4 Who is obligated to keep accounting and who is not, according to the text? a Not obligated: everyone; Obligated: only large corporations. b Not obligated: individuals with incomes > $100,000; Obligated: individuals with capital ≤ $60,000. c Not obligated: individuals with incomes ≤ $100,000 and expenses ≤ $80,000. Obligated: individuals with incomes > $100,000 and capital > $60,000. d Not obligated: individuals with incomes ≤ $50,000 and expenses ≤ $40,000; Obligated: everyone else. 5 What is the concept of legal entities (personas jurídicas)? a They are international corporations only. b They are non-profit organizations only. c They are the societies and include all institutions of the public sector. d They are individuals running businesses. e They are only private companies. 6 Give examples of types of accounting and what they do. a Commercial accounting: only records purchases; Industrial accounting: only tracks salaries; Governmental accounting: only audits grants; Banking accounting: only tallies cash withdrawals. b Commercial accounting: records buying and selling activities to obtain profit (Examples: Pycca, Mi comisariato). Industrial accounting: controls costs and movements of transforming raw material into finished products (Example: Pronaca). Governmental accounting: administers and controls funds and res 7 What is the period of accounting (periodo contable)? a The date when the annual report is published. b The time span during which accounting operations are carried out, from initial balance to final balance. c The period between tax filings only. d The month with the highest revenue. e The time between audits. 8 What is a transaction (la transaccion) and its key features? a The transfer of assets within the same company only, with no value change. b A transaction that does not affect the company’s balance. c The exchange of goods or services between two people or companies for money, to meet needs by a change of value. Features: the transaction is conducted by the company, for the benefit of the company, and it has value. d A non-monetary gift between individuals. e An internal reclassification of accounts with no external exchange. 9 What elements intervene in a transaction? a Year, Customer, Vendor, Receipt, Item, Cost, Currency. b Date, Buyer, Seller, Sales receipt, Good or service, Monetary value, Form of payment. c Time, Purchaser, Vendor, Purchase order, Item, Value, Payment terms. d Date, Buyer, Seller, Invoice, Goods, Amount, Method of delivery.

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Accounting Basics Quiz

Quiz

About this activity

Created by

Download the paper version to play

Top Games

Quiz

Tissues - Practice Quiz

Quiz

UPS 5 Seeing Habits Quiz

Quiz

Spanish Alphabet Listening

Quiz

Photosynthesis vs Cellular Respiration - Practice Quiz

Quiz

Practice Quiz - Punnett Square, Variation, and Mutations

Accounting Basics QuizOnline version

by Brithany Fiorella Perez Cajape

What are the concept and steps of accounting?

What is the objective of accounting?

What is the concept of a accountant (contable)?

Who is obligated to keep accounting and who is not, according to the text?

What is the concept of legal entities (personas jurídicas)?

Give examples of types of accounting and what they do.

What is the period of accounting (periodo contable)?

What is a transaction (la transaccion) and its key features?

What elements intervene in a transaction?