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Accountancy & Financial Accounting Quiz Questions
A sample of the 10 questions below — instant scoring and an explanation for every answer. No sign-in required to play.
Question 1
What is the book of original entry where transactions are first recorded chronologically?
ALedger
BJournal
CTrial balance
DBalance sheet
Question 2
In the double-entry system of accounting, every transaction affects at least how many accounts?
ATwo
BOne
CThree
DFour
Question 3
What accounting term describes the systematic allocation of a tangible asset's cost over its useful life?
AAmortization only
BAppreciation
CRevaluation
DDepreciation
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