Introduction to financial accounting

Multiple choice questions (MCQs) quiz

Your answer is incorrect. The correct answer is “financial accounting” (option 1).

Your answer is incorrect. The correct answer is “managerial or management accounting” (option 2).

Your answer is incorrect. The correct answer is “manager” (option 3).

Your answer is incorrect. The correct answer is “Assets = Liabilities + Owner’s Equity” (option 3).

Your answer is incorrect. The correct answer is “Fra Luca Pacioli” (option 2).

Your answer is incorrect. The correct answer is “all of the above” (option 4).

Your answer is incorrect. The correct answer is “running balance account format” (option 3).

Your answer is incorrect. The correct answer is “periodically” (option 1).

Your answer is incorrect. The correct answer is “the difference between the total of debit entries and the total of credit entries” (option 3).

Your answer is incorrect. The correct answer is “chart of accounts” (option 4).

Your answer is incorrect. The correct answer is “all of the above” (option 4).

Your answer is incorrect. The correct answer is “sales account” (option 2).

Your answer is incorrect. The correct answer is “cash account” (option 4).

Your answer is incorrect. The correct answer is “vibrant media’s account” (option 1).

Your answer is incorrect. The correct answer is “Accumulated depreciation account” (option 3).

Your answer is incorrect. The correct answer is “Dividend account” (option 2).

Your answer is incorrect. The correct answer is “All of the above” (option 4).

Your answer is incorrect. The correct answer is “Recording depreciation” (option 3).

Your answer is incorrect. The correct answer is “Asset accounts” (option 4).

Your answer is incorrect. The correct answer is “debited” (option 1).

Your answer is incorrect. The correct answer is “credited” (option 2).

Your answer is incorrect. The correct answer is “contra account” (option 3).

Your answer is incorrect. The correct answer is “the assets of the business” (option 2).

Your answer is incorrect. The correct answer is “a credit balance” (option 1).

Your answer is incorrect. The correct answer is “asset accounts, liability accounts, capital accounts, withdrawal accounts, revenue accounts, and expense accounts” (option 4).