Test your basic knowledge |

Business Accounting Basics

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Income Statement Revenues






2. Reliability






3. Multistep Income Statement






4. 4th step of analyzing transactions






5. Income Satement Expenses






6. 4th step of Accounting Cycle






7. Accts on balance sheet






8. Calculating Cost depreciation






9. 3rd step of Accounting Cycle






10. 5th step of Accounting Cycle






11. Common Stock






12. Current Assets






13. 7th step of Accounting Cycle






14. 1st step of Accounting Cycle






15. Customer deposits






16. Closing Entries






17. Accounts Recievable






18. Retained Earnings






19. Accts on Statement of Retained Earnings






20. Profit Margin %






21. Balance sheet Equity






22. Accounts on Income Statement






23. 6th step of Accounting Cycle






24. Unearned revenue






25. Cost of Goods Sold






26. Understandability






27. Current Ratio






28. Economic Equity






29. Interest Revenue






30. Conservatism






31. Calculating Net Income






32. Dividends






33. NonCurrent Assets






34. 2nd step of Accounting Cycle






35. Utilities expense






36. Building






37. Consistency






38. Inventory






39. Accumlated depreciation






40. NonCurrent Liabilities






41. 1st Step of Analying Transactions






42. 10th step of Accounting Cycle






43. 9th step of Accounting Cycle






44. 3rd step of analyzing transactions






45. Cash Principle






46. Materiality






47. Sales revenue






48. Note Payable






49. 2nd step of analyzing transactions






50. Intangibles