Quizzes
Bookkeeping quizzes
Ten topic quizzes with explanations for every right and wrong answer. Question order is shuffled each attempt.
- Accounting equation quizFree16 questions on assets, liabilities, equity and how transactions keep the accounting equation in balance.
- Account types and normal balances quizFree16 questions classifying accounts and their normal balances, including contra accounts and drawings.
- Debits and credits quizFree16 debit and credit questions: increases, decreases, contra accounts and choosing the right side for each line.
- Journal entries quizFree16 questions on recording common transactions, compound entries and corrections as journal entries.
- Ledgers and trial balance quizPro16 questions on T-accounts, general ledger balances, trial balances and the errors they can and cannot reveal.
- Bank reconciliation quizFree16 bank reconciliation questions: deposits in transit, outstanding checks, fees, NSF checks, errors and which items to journalize.
- Accounts receivable and payable quizPro16 AR and AP questions: invoices, payment terms, credit notes, discounts, bad debts, bills and supplier payments.
- Adjusting entries quizPro16 adjusting entry questions: prepaid expenses, accrued wages and interest, unearned and accrued revenue, and reversing entries.
- Fixed assets, inventory and payroll quizPro16 questions on straight-line depreciation, disposals, perpetual inventory and FIFO, payroll and sales tax with fictional rates.
- Financial statements and closing quizPro16 questions on the income statement, balance sheet, owner's equity, cash-flow classification and closing entries.