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accounting quiz

financial accounting quiz questions and answers

financial accounting quiz questions and answers 01.  Which of the following is not a fundamental accounting assumption?01.  Which of the following is not a fundamental accounting assumption? (a) Going concern (b) Consistency (c) Prudence (d) Accrual   change in accounting policy is justified: change in accounting policy is justified :(a) To comply with accounting standard (b) […]

Cost Accounting Introduction Quiz

      Cost Accounting Introduction Quiz       Cost Accounting is Part of Management Accounting Part of Financial Accounting Part of Responsibility Accounting None of these   The head office of the Institute of cost and work accountant of India situated New Delhi Mumbai Kolkata Dehradun   When was the cost and work […]

Financial Accounting B.com Quiz for students

Financial Accounting B.com Quiz for students  ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is also known as objective evidence concept a) Revenue realization b) Dual aspect c) Verifiable objective d) None of these 2. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ principle states that costs or expenses of a business of an accounting period are matched with the revenue of that period in order to find profit or loss a) Accounting period […]

Financial Accounting multiple choice question answer Quiz

Financial Accounting multiple choice question answer Quiz 1. The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the balance sheet Income statement statement of cash flow 2.The financial statement that reports the assets, liabilities, and stockholders’ (owner’s) equity at a specific date […]

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