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Basic Accounting Quiz Template

Basic Accounting Quiz Template

Test what your audience knows with this Basic Accounting quiz. Fully interactive and ready to use instantly on Slidea — no downloads or installs required. Purely — crafted, refined, curated, focused, guided, themed, custom, instant, quick, direct.
Category Education
1 - Content
2 - Content
3 - Select Answer
What is the primary purpose of accounting?
  • 1. To track financial transactions
  • 2. To manage employee schedules
  • 3. To prepare marketing plans
  • 4. To design products
4 - Leader Board
5 - Select Answer
Which financial statement shows a company's assets, liabilities, and equity?
  • 1. Cash Flow Statement
  • 2. Statement of Retained Earnings
  • 3. Balance Sheet
  • 4. Income Statement
6 - Leader Board
7 - Select Answer
What does 'liabilities' represent in accounting?
  • 1. Company expenses
  • 2. Company profits
  • 3. What the company owes
  • 4. What the company owns
8 - Leader Board
9 - Select Answer
Which accounting principle requires expenses to be recorded when incurred, not when paid?
  • 1. Conservatism Principle
  • 2. Cost Principle
  • 3. Revenue Recognition Principle
  • 4. Matching Principle
10 - Leader Board
11 - Select Answer
What is 'depreciation' in accounting?
  • 1. Increase in asset value
  • 2. Allocation of asset cost over time
  • 3. Revenue earned
  • 4. Payment of liabilities
12 - Leader Board
13 - Select Answer
Which account type is increased by a debit?
  • 1. Liabilities
  • 2. Revenue
  • 3. Equity
  • 4. Assets
14 - Leader Board
15 - Select Answer
What does the term 'double-entry bookkeeping' mean?
  • 1. Each transaction affects two accounts
  • 2. Only revenues are recorded
  • 3. Transactions are recorded twice
  • 4. Only expenses are recorded
16 - Leader Board
17 - Select Answer
Which financial statement reports revenues and expenses over a period?
  • 1. Cash Flow Statement
  • 2. Income Statement
  • 3. Balance Sheet
  • 4. Statement of Owner's Equity
18 - Leader Board
19 - Select Answer
What is 'accounts receivable'?
  • 1. Money owed to suppliers
  • 2. Company debts
  • 3. Company profits
  • 4. Money owed by customers
20 - Leader Board
21 - Select Answer
Which accounting term means the owner’s claim on assets?
  • 1. Revenue
  • 2. Equity
  • 3. Liabilities
  • 4. Assets
22 - Leader Board
23 - Select Answer
What is the accounting equation?
  • 1. Assets = Liabilities + Equity
  • 2. Assets = Equity - Liabilities
  • 3. Assets = Revenue + Expenses
  • 4. Assets = Liabilities - Equity
24 - Leader Board
25 - Select Answer
Which account increases with a credit?
  • 1. Dividends
  • 2. Assets
  • 3. Liabilities
  • 4. Expenses
26 - Leader Board
27 - Select Answer
Which document authorizes payment to a supplier?
  • 1. Invoice
  • 2. Check
  • 3. Receipt
  • 4. Purchase Order
28 - Leader Board
29 - Select Answer
Which of the following is NOT an asset?
  • 1. Equipment
  • 2. Inventory
  • 3. Cash
  • 4. Accounts Payable
30 - Leader Board
31 - Select Answer
Which financial statement shows cash inflows and outflows?
  • 1. Income Statement
  • 2. Balance Sheet
  • 3. Statement of Owner's Equity
  • 4. Cash Flow Statement
32 - Leader Board
33 - Select Answer
Which of the following is classified as an expense?
  • 1. Utilities
  • 2. Inventory
  • 3. Accounts Receivable
  • 4. Equipment
34 - Leader Board

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