Search Header Logo

Accounting Quiz part 1 ASlevel

Authored by Saktien Adelina

Other

12th Grade

Used 6+ times

Accounting Quiz part 1 ASlevel
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the role of bookkeeping in accounting?

Making investment decisions

Recording financial transactions systematically

Preparing tax returns

Auditing company operations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which document is used to request payment from a customer?

Delivery Note

Credit Note

Invoice

Receipt

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a capital expenditure?

Buying raw materials

Advertising cost

Buying a delivery van

Wages for employees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of preparing a trial balance?

To check whether all expenses are paid

To verify that total debits equal total credits

To file tax returns

To ensure all bank transactions are recorded

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which book of original entry is used to record goods returned to suppliers?

Sales Returns Book

Purchase Day Book

Purchase Returns Book

Journal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The use of accounting software like QuickBooks or Xero is an example of:

Manual accounting

Technological integration in accounting

Traditional bookkeeping

Financial audit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of an audit in accounting?

To prepare financial statements

To verify the accuracy of financial records

To manage cash flow

To increase sales

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?