Accountant, Management
Quiz
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Other
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University
•
Practice Problem
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Hard
Эрдэнэ ЭНХЖИН
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72 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At Step 1, we identified 5 transactions on 5 days. Which day recorded revenue?
January 20
JANUARY 5
JANUARY 17
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would cause the Trial Balance to be wrong?
YOU MADE A MISTAKE
DEPRECIATION IS NOT YET ACCOUNTED FOR
NET PROFIT FROM THE PREVIOUS PERIOD
ALL OF THE ABOVE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you do with temporary accounts before making the closing entries?
CANCEL THEM OUT TO ZERO
EMPTY THEM INTO PERMANENT ACCOUNT
ROLL THEM INTO SHAREHOLDER'S EQUITY
NOTHING, TEMPORARY ACCOUNTS JUST SIGNIFY THIS PERIOD
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following specializations is most likely to be working with law enforcement as part of an investigation?
FORENSIC ACCOUNTING
AUDITING
WEALTH MANAGEMEN
PAYROLL SPECIALIST
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following skills would be the most important to a great accountant?
COMPUTER SKILLS WITH MANY TYPES OF SOFTWARE
VERY ANALYTICAL AND DETAIL-ORIENTED
GREAT COMMUNICATION SKILLS, BOTH ORAL AND WRITTE
ALL OF THESE ARE NECESSARY TO BE A SUCCESSFUL ACCOUNTANT
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which professional designation has the highest total education requirement?
CPA
CFP
PFS
CMA
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the easiest to calculate using information on the Balance Sheet?
CURRENT RATIO
OPERATING MARGIN
INTEREST COVERAGE
NET MARGIN
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