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. NonCurrent Liabilities






2. Income Statement Revenues






3. Dividends






4. Consistency






5. Retained Earnings






6. Cash Principle






7. Closing Entries






8. Accts on Statement of Retained Earnings






9. Note Payable






10. Accts on balance sheet






11. Balance Sheet Liabilities






12. Current Assets






13. Accumlated depreciation






14. NonCurrent Assets






15. 4th step of analyzing transactions






16. 8th step of Accounting Cycle






17. Calculating Interest Formula






18. 3rd step of analyzing transactions






19. Balance sheet Equity






20. Calculating Cost depreciation






21. 2nd step of Accounting Cycle






22. Reliability






23. Monetary Unit






24. Current Ratio






25. 10th step of Accounting Cycle






26. Accounts Recievable






27. Interest Revenue






28. 1st step of Accounting Cycle






29. Economic Equity






30. Unearned revenue






31. Intangibles






32. Balance Sheet Assets






33. Customer deposits






34. Utilities expense






35. 6th step of Accounting Cycle






36. Accumulated depriciation






37. Relevance






38. 4th step of Accounting Cycle






39. 2nd step of analyzing transactions






40. 5th step of Accounting Cycle






41. Multistep Income Statement






42. Goodwill






43. 1st Step of Analying Transactions






44. Accounts on Income Statement






45. Materiality






46. Accounting Equation






47. 7th step of Accounting Cycle






48. 9th step of Accounting Cycle






49. Cost of Goods Sold






50. Interest Expense