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Quiz for Accounting

Total questions: 25

Worksheet time: 1hrs 16mins

Name
Class
Date
1.

X > Ledger > Trial Balance

What is X?

a)

Journal

b)

Adjusting Trial Balance

c)

Income Statement

d)

Balance Sheet

2.

Which ONE is not the Purpose of Accounting?

a)

Is my business making money?

b)

How much are my sales in the first three months?

c)

How much other people owe me?

d)

How are YOU?

3.

What is ACCOUNTING?

a)

Identify, Record and Present

b)

Identify, Record and Communicate

c)

Knowledge, Record and Communicate

4.

How many TYPES of Basis Accounting?

a)

5

b)

4

c)

3

d)

2

5.

Which ONE is Internal Users?

a)

LHDN

b)

Investors

c)

Management

d)

Banks

6.

Which ONE is External Users?

a)

HR Dept.

b)

Creditors

c)

Finance Dept.

d)

Marketing Dept.

7.

Is this TRUE?

Assets = Liabilities + Owner's equity

a)

TRUE

b)

FALSE

8.

Is this TRUE?

Owner's equity + Assets = Liabilities

a)

TRUE

b)

FALSE

9.

Is this TRUE?

Revenue - Expenses = Net income/loss

a)

TRUE

b)

FALSE

10.

Building is ???

a)

Current Assets

b)

Current Liabilities

c)

Non-current Assets

d)

Non-current liabilities

11.

(Assets) RM45,000 = (Liabilities) RM12,400 + (Capital) ???

How much the capital?

a)

RM32,600

b)

RM32,000

c)

RM36,000

d)

RM29,000

12.

Insurance is (a)  

13.

(Assets) ? = (Liabilities) RM33,000 + (Capital) RM13,333

How much the assets?

a)

RM43,333

b)

RM46,333

c)

RM45,333

d)

RM44,333

14.

Fixture and fitting is (a)  

15.

How much the Gross profit from the Table?

a)

RM300,000.00

b)

RM170,000

16.

From same Table, how much the net profit?

a)

RM180,000

b)

RM160,000

c)

RM170,000

d)

RM150,000

17.

Is Dividends received are Revenue?

a)

TRUE

b)

FALSE

18.

Assets are

a)

resources owned by a owner

b)

resources owned by a business

19.

How many types of Liabilities?

a)

5

b)

4

c)

3

d)

2

20.

Which one is TRUE about Owner's equity?

a)

Assets, Liabilities, Payable, Receivable

b)

Capital, Drawings, Revenues, Expenses

21.

Apakah nama profesion buat mereka yg suka subjek akaun?

a)

Akauntan

b)

Penjaga Duit

c)

Pengawal

d)

Bendahari

22.

If salary is expenses, than what is SALES?

(a)  

23.

Ahmad ada modal RM10. Kemudian, die beli pensel sebanyak 10 batang yg berharga RM0.50 sebatang untuk menjual kepada kawan-kawannya. Harga jualan pensel tersebut ialah RM1.00. Berapakan untung Ahmad jika dia berjaya menjual kesemua 10 batang pensel tersebut?

a)

RM5

b)

RM2.50

c)

RM3

d)

RM7

24.

If you're the boss, what do yo do to reduce cost?

a)

Hire more Staff.

b)

Reduce the claim from Staff.

25.

Sila eja PERAKAUNAN...

(a)