For this reason I’ve created this page listing quizzes and practice questions on fundamental accounting topics.<\/li>\n

Here is a list of full accounting questions and answers that can be found on this site, along with a brief description of each one.<\/li>\n

In this quiz you need to name whether certain items are capital expenditure or revenue in nature.<\/li>\n

One thing I would recommend is to practice these accounting questions according to a set time frame.<\/li>\n

I’m available for one-on-one tutoring here , have a bunch of video training here (scroll to the bottom to see all the lesson topics), or check out some of my free videos on YouTube here.<\/li>\n<\/ul>\n

Note that most of these questions have accompanying solutions but some do not. Please understand that I (Michael Celender) run this site on my own, and because there are hundreds of questions that have been submitted, I have not been able to answer every single one. Because of this I have also stopped accepting new submissions. Test yourself on the income statement with this 15-minute timed multiple-choice test. I would definitely recommend to time yourself when you practice each of these exercises.<\/p>\n

More Accounting Equation Exercises<\/h2>\n
$\"accounting$ <\/p>\n
For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. In this quiz you need to name whether certain items are capital expenditure or revenue in nature. These are good concepts to understand (I’ll explain them in the solution) and the exercise is a good test of your understanding of some of the basic elements of accounting. As we all know, the basic accounting equation is the foundation of accounting, so you better know this well.<\/p>\n

Time Value of Money<\/h2>\n
<\/iframe><\/div>\n<p>With 88 questions and exercises, this workbook will test you on all the accounting basics – from the basic accounting equation and journal entries to T-accounts, inventory and financial statements. Podcasts are a great way to learn for people who don\u2019t have the time for more traditional learning. Practicing basic accounting questions is super important, it really helps one understand all the basic concepts in the subject. For this reason I’ve created this page listing quizzes and practice questions on fundamental accounting topics.<\/p>\n<h2>Basic Accounting Quiz:Capital Expenditure vs Revenue in Nature<\/h2>\n<p>C. For each of the following accounts, indicate whether it is an Asset, Liability, Income, or Expense. If it is an asset or a liability, specify whether it is current or non-current. Our Visual Tutorials are perfect for people who get overwhelmed studying jargon-filled accounting textbooks. Follow along step-by-step and we’ll explain the most important accounting topics in a more intuitive away. The answers to these questions will be the account name.<\/p>\n<h2>Double Entry Bookkeeping<\/h2>\n<p>If you’re looking for more advanced exercises, head over to our full accounting questions and answers page. The amount of insurance that was incurred\/used up\/expired during the period of time appearing in the heading of the income statement. The amount of insurance premiums that have not yet expired should be reported in the current asset account Prepaid Insurance. When taking accounting practice tests or quizzes initially focus on answering the questions to the best of your ability.<\/p>\n<p>You can browse all of our Q&A by topic or search for a specific question by using the search box found at the top of each page. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked <a href=\"https:\/\/turbo-tax.org\/3-important-tax-dates-you-need-to-know-for-2016\/\">3 important tax dates you need to know for 2016<\/a> as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.<\/p>\n<p>For the exercises below, write your answers on a piece of paper. When you’re done, check the answers page at the end to see if you got them correctly. Our intuitive progress tracking will help you visualize your current progress and pick up where you left off. This is perfect for busy individuals that prefer to learn at their own pace. Our real-world business forms include helpful instructions and filled-in examples that are designed to help you understand accounting in yet another way.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accounting Illustrated is made in conjunction with AccountingPlay.com apps. The book combined with the cheat sheet and app resources creates a basic accounting curriculum. These materials can be used in conjunction with a basic accounting class. Other users will gain value from the resources for very specific concepts that prove challenging in the classroom and…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7327],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/posts\/71904"}],"collection":[{"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/comments?post=71904"}],"version-history":[{"count":1,"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/posts\/71904\/revisions"}],"predecessor-version":[{"id":71905,"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/posts\/71904\/revisions\/71905"}],"wp:attachment":[{"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/media?parent=71904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/categories?post=71904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gebrsanders.nl\/wp-json\/wp\/v2\/tags?post=71904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}