Top Accounting Trivia Questions and Answers
You can even explore a wide range of general knowledge quizzes, making it easy to find something for everyone. These questions are perfect for a casual trivia night with family or friends, an engaging activity with colleagues, or a fun classroom quiz with students. The trivia questions below cover various topics, and all questions include answers. It can be expenses and income types that are recorded into separate accounts.
Were playing cards invented in Europe, Asia, or Africa?
These records can be check register, balance sheet, a general ledger account, etc. The general ledger account is an account used to record all the information. Testing your ability to use popular accounting programs helps the interviewer determine if you can really do you’re job, or if you just a lot of talk.
UK General Knowledge Trivia
A short term amounts due from buyers to a seller, who have purchased goods or services from the seller on credit is referred to as account receivable. An over accrual is a condition where the estimate for an accrual journal entry is too high. These costs involve all 242 accounting quizzes online trivia questions and answers of the fees or charges that an organization incurs to register and issue bonds. In this account debits and credits, transactions are entered in one place and kept balanced. If you’re looking for some easy general knowledge questions for your next quiz night, then you’re in luck. We have 100 easy general knowledge questions and answers all ready for you to download and use in your next pub quiz, or group quiz with friends.
- Definition of Gross Wages Gross wages are the amounts earned by employees before the payroll withholding taxes and other deductions are subtracted.
- Now it’s time to create a quiz and host a free online trivia games of your own.
- These clients are normal people and not any organizational customers.
- Mary Beth Heuvelmans, CPA, has over 20 years experience in accounting and tax preparation, from tax return preparation to complex accounting for large businesses.
Bookkeeping
We also can handle small business bookkeeping services, payroll processing and support for bookkeeping software. Accounting is necessary to predict and measure the growth of a business. These general knowledge quiz questions will cover a wide range of topics including current affairs, history, sport and many more. Whether you’re using an online quiz creator like TriviaMaker or just playing for fun, these questions for quizzes with answers are perfect for your next trivia showdown. Once you have a quiz master, you have chosen your questions, and set up teams, it’s time for the trivia fun to begin! Ask questions and have each time write their answers down on a piece of paper.
Hunger Games Trivia
You may be the best accountant in the world, but if you can’t communicate that you’re best, in a meaningful way, you’ll be passed over for less qualified candidates. The knowledge requirements for answering accountant job interview questions will vary by position. On the balance sheet, the asset account of inventory is reduced by the amount of the write-down, and so is shareholders’ equity. The income statement is hit with an expense in either COGS or a separate line item for the amount of the write-down, reducing net income. On the cash flow statement, the write-down is added back to CFO as it’s a non-cash expense but must not be double-counted in the changes of non-cash working capital.
At Answers Accounting CPA LLC, we believe in quality accounting and tax serviceleads to smart decision making and financial success. When answering this question, try to find an example based on your professional experience, even if it’s limited to an internship. With over 200,000 online quizzes, you can dive into trivia questions across a variety of subjects, including history, science, music, and general knowledge. Whether you’re preparing for a quiz night, brushing up on facts, or simply passing time, our quizzes offer a mix of easy and challenging questions to keep you engaged. Explore our collection of ready-to-play games available in the Public Games and trending games! If you’re looking to make your trivia nights even more exciting, check out TriviaMaker, an amazing online quiz maker that lets you easily craft custom quizzes.
Income Statement
You can easily find the best Accounting quiz question quickly, We have added all the Accounting trivia questions here on this page. You can also navigate to the next page if there are more questions available for Accounting topic. If yes here we have crafted handpicked Accounting Quiz to test your knowledge.
What employers want to know is that you’re genuinely interested in their company, as well as the best candidate for the position. Once you’ve described to the interviewer the most challenging accounting task you’ve had to solve, it’s pretty certain that the interviewer will then ask how you were able to solve it. When answering this question, make sure you choose a task that you were able to solve. Having the ability to work well with computers, even program, is a big asset for accountants and the firms they work with. I studied both accounting standards in college and relied heavily on on IAS during my last job to make sure all financial reporting was correct. I have access to both IAS and IFRS online and stay abreast of the most recent updates and changes in accounting standards.
- Once you have a quiz master, you have chosen your questions, and set up teams, it’s time for the trivia fun to begin!
- Join thousands of creators using TriviaMaker to build engaging quizzes that convert.
- Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching.
- Landing a good job requires more than a knowledge of accounting, it requires good interview skills.
- In accounting, the trial balance is an accounting report that lists the balances in each of an organization’s general ledger accounts.
This is the person who will ask the trivia questions and reveal the answers. If you are playing trivia as a classroom game, the quiz master would usually be the teacher, but you can also designate a student to be the quiz master. Whether it’s for a school activity, a team-building event, or a family game night, feel free to use these questions and answers to add a fun trivia segment to your event. If you’re playing trivia in class, ensure that higher-level and lower-level students are evenly distributed throughout the groups.
Which chemical element has the symbol “Pt” on the periodic table?
After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. For example, when you buy something, you give the cash and get the thing. Similarly, when you sell something, you lose the thing and get the money. The important thing is to choose questions suitable for your audience’s age/level.