Test your basic knowledge |

Business Accounting Basics

Subject : business-skills
  • 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