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. 5th step of Accounting Cycle






2. Calculating Cost depreciation






3. Calculating Net Income






4. 4th step of Accounting Cycle






5. 2nd step of analyzing transactions






6. 10th step of Accounting Cycle






7. Understandability






8. Sales revenue






9. Building






10. Interest Expense






11. Going Concern






12. Balance Sheet Assets






13. Retained Earnings






14. Goodwill






15. Customer deposits






16. Cash Principle






17. 7th step of Accounting Cycle






18. 8th step of Accounting Cycle






19. Current Ratio






20. Income Satement Expenses






21. Intangibles






22. 1st Step of Analying Transactions






23. Inventory






24. Note Payable






25. Accounting Equation






26. 4th step of analyzing transactions






27. Balance Sheet Liabilities






28. Dividends






29. Dividends






30. Relevance






31. Accts on Statement of Retained Earnings






32. Economic Equity






33. Accts on balance sheet






34. Current Assets






35. Utilities expense






36. Accumulated depriciation






37. Accounts Recievable






38. Materiality






39. 3rd step of Accounting Cycle






40. Conservatism






41. Consistency






42. Common Stock






43. Cost of Goods Sold






44. NonCurrent Liabilities






45. Multistep Income Statement






46. Accounts on Income Statement






47. Profit Margin %






48. Unearned revenue






49. Accumlated depreciation






50. Income Statement Revenues