Quiz 38: Accounting Basics Quiz

Accounting Basics Quiz

Test your knowledge of bookkeeping and accounting with our online accounting basics quiz.

If you need a refresher course on this topic you can view our bookkeeping basics tutorials here.

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1. The income statement shows which of the following?
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2. Equity is shown on which financial statement?
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3. Gross profit is equal to revenue less which item?
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4. Inventory and accounts receivable are classified in the balance sheet as ?
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5. The terms operating, financing and investing as used to categorize what type of item?
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6. A double entry bookkeeping posting requires a minimum of how many accounts?
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7. A listing of the account names and account codes is called what?
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8. A listing of the balances on all accounts is called what?
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9.The accounting equation can be stated as?
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10. Using the indirect method, the cash flow statement starts with which item?
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Quiz 38: Accounting Basics Quiz December 14th, 2016Team

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