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.

Start the Accounting Basics Quiz

Click on an answer to reveal whether its Right! or Wrong

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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Last modified December 14th, 2016 by Team

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Bookkeeping Basics