Accounting 1 Quiz Challenge

Froggy Jumps

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Test your knowledge of basic accounting concepts and principles in this fun quiz game!

Créé par

Marcos Antonio De La Cruz Gomez

Dominican Republic

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Accounting 1 Quiz Challenge


Froggy Jumps Accounting 1 Quiz ChallengeVersion en ligne Test your knowledge of basic accounting concepts and principles in this fun quiz game! par Marcos Antonio De La Cruz Gomez 1 What is the primary purpose of accounting? a To record and report financial transactions. b To create marketing strategies. c To manage human resources. 2 What are the two main types of accounting? a Tax and forensic accounting. b Operational and strategic accounting. c Financial and managerial accounting. 3 What does GAAP stand for? a Global Accounting and Analysis Protocol. b General Accounting and Auditing Procedures. c Generally Accepted Accounting Principles. 4 Which financial statement shows a company's profitability? a Cash flow statement. b Income statement. c Balance sheet. 5 What is the accounting equation? a Assets = Liabilities + Equity. b Assets = Revenue - Expenses. c Revenue = Expenses + Profit. 6 What is depreciation? a The total cost of an asset at purchase. b The allocation of the cost of a tangible asset over its useful life. c The increase in asset value over time. 7 What does a trial balance show? a The total revenue for the year. b The cash flow for the month. c The equality of debits and credits in the ledger. 8 What is the purpose of an audit? a To verify the accuracy of financial statements. b To prepare tax returns. c To manage company budgets. 9 What is a ledger? a A tax document. b A financial statement. c A book or digital record of financial transactions. 10 What is accrual accounting? a Only recording transactions when cash is received. b A method for calculating taxes. c Recording revenues and expenses when they are incurred, not when cash is exchanged.

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Accounting 1 Quiz Challenge

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Accounting 1 Quiz ChallengeVersion en ligne

par Marcos Antonio De La Cruz Gomez

What is the primary purpose of accounting?

What are the two main types of accounting?

What does GAAP stand for?

Which financial statement shows a company's profitability?

What is the accounting equation?

What is depreciation?

What does a trial balance show?

What is the purpose of an audit?

What is a ledger?

What is accrual accounting?