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Guide for Accountancy Test

Quiz Accountancy Test

10/600 Questions|Updated on 2024/11/21
Free Test
/ 10

Quiz

1/10
Accounting Principles & Procedures
Which accounting principle dictates that expenses should be recognized in the same period as the revenues they help to generate?
Select the answer
1 correct answer
A.
Matching Principle
B.
Revenue Recognition Principle
C.
Cost Principle
D.
Full Disclosure Principle

Quiz

2/10
Basic IT Knowledge
What does the term 'cloud computing' refer to in IT?
Select the answer
1 correct answer
A.
Storing and accessing data over the internet
B.
Using physical servers to manage data
C.
A type of software used for accounting
D.
A method for creating spreadsheets

Quiz

3/10
Basic Mathematics
What is the sum of 245 and 378?
Select the answer
1 correct answer
A.
523
B.
613
C.
623
D.
733

Quiz

4/10
English - Grammar Usage
Which of the following sentences is grammatically correct?
Select the answer
1 correct answer
A.
Each of the students have submitted their assignment.
B.
The committee were discussing the new policy.
C.
Neither of the answers is correct.
D.
The informations provided were helpful.

Quiz

5/10
English - Sentence Structuring
Which of the following sentences is correctly structured?
Select the answer
1 correct answer
A.
The accountancy reports was submitted on time.
B.
She quickly prepared the financial statements.
C.
The auditor review the documents carefully.
D.
They was looking for discrepancies in the accounts.

Quiz

6/10
Financial Planning and Cost Accounting
Which of the following is a primary objective of financial planning in a business organization?
Select the answer
1 correct answer
A.
To minimize employee turnover
B.
To maximize shareholder wealth
C.
To develop a strong marketing strategy
D.
To reduce production costs

Quiz

7/10
Heads of Accounts, Re-appropriation of Funds and Supplementary Grants
What is the primary purpose of supplementary grants in public finance?
Select the answer
1 correct answer
A.
To reduce the overall budget
B.
To provide additional funding for unforeseen expenditures
C.
To eliminate deficits in a fiscal year
D.
To finance new government programs

Quiz

8/10
Journal, Ledger & Cash Book
What is the primary purpose of a journal in accounting?
Select the answer
1 correct answer
A.
To record transactions in chronological order
B.
To summarize financial statements
C.
To manage cash flow
D.
To prepare tax returns

Quiz

9/10
Preparation of Annual Budget
What is the primary purpose of preparing an annual budget in an organization?
Select the answer
1 correct answer
A.
To determine employee salaries
B.
To forecast future financial performance
C.
To assess past financial decisions
D.
To allocate office supplies

Quiz

10/10
Public Procurement Rules, 2004
Which of the following is a key principle of the Public Procurement Rules, 2004?
Select the answer
1 correct answer
A.
Transparency
B.
Exclusivity
C.
Informality
D.
Arbitrary Selection
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Info quiz:

  • Quiz name:Accountancy Test
  • Total number of questions:600
  • Number of questions for the test:100
  • Pass score:80%
  • Number of topics:12 Topics
Study topics:Number of questions:
  • Accounting Principles & Procedures:50 Questions
  • Basic IT Knowledge:50 Questions
  • Basic Mathematics:50 Questions
  • English - Grammar Usage:50 Questions
  • English - Sentence Structuring:50 Questions
  • Financial Planning and Cost Accounting:50 Questions
  • Heads of Accounts, Re-appropriation of Funds and Supplementary Grants:50 Questions
  • Journal, Ledger & Cash Book:50 Questions
  • Preparation of Annual Budget:50 Questions
  • Public Procurement Rules, 2004:50 Questions
  • Scrutiny of Records for Audit Purposes:50 Questions
  • Settlement of Audit Objections:50 Questions

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