Test your knowledge of double entry bookkeeping with our income statement quiz.
Start the Income Statement Quiz
Do the following transactions result in an increase in net income for the business. Answer Yes or No to each question. Click on your answer to reveal whether its Right! or Wrong.
Try Another Double Entry Bookkeeping Quiz
The income statement quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.
- Quiz 27: Periodic and Perpetual inventory Quiz
- Quiz 43: Cash Flow Classification Quiz
- Quiz 61: Declining Balance Method of Depreciation
- Quiz 32: Inventory – Lower of Cost or Market Rule