Quiz 48: Financial Statements Quiz

Test your knowledge of double entry bookkeeping with our financial statements quiz.

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

Start the Financial Statements Quiz

Indicate the financial statement on which each of the following accounts would appear. Click on an answer to reveal whether its Right! or Wrong.

1. Prepaid insurance?
Wrong
Right!
2. Common stock?
Right!
Wrong
3. Cash?
Right!
Wrong

 

4. Wages expense?
Wrong
Right!
5. Dividends?
Wrong
Right!
6. Revenue?
Right!
Wrong
7. Accounts payable?
Wrong
Right!
8. Accounts receivable?
Right!
Wrong
9. Retained earnings?
Right!
Wrong
10. Other income?
Right!
Wrong

 

 

 

 

Try Another Double Entry Bookkeeping Quiz

The financial statements 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.

Last modified July 16th, 2019 by Michael Brown

About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.

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