Accountant, Management

Accountant, Management

University

72 Qs

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Accountant, Management

Accountant, Management

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Эрдэнэ ЭНХЖИН

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72 questions

Show all answers

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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