Accounting Practice Quizzes

Practice Questions:

Chart of Accounts & Transaction review

Assets

Liabilities

OE

Revenue

Expenses

Owner Invests Cash

Owner Buys Mower With Cash

Owner Invests Own Mower Into Business

Owner Buys Mower On Account

Pays Creditor on Account

Pays Cash for Advertisements

Mows Lawn and is Paid Cash

House-sits on Account

Receives Cash on Account

Receives Phone Bills & Pays It

Buys Gas & Oil on Account

Pays Cash for 12 Months of Insurance

Receives Phone Bill & Decides to Pay it Later

Owner Removes Cash for Personal Expenses

Warning: Do not take a full-chapter quizzes until you have progressed through the individual quizzes. Links to the individual quizzes can be found in the PowerPoint slides. Also, do not wait until the last minute to study. The web server could become very slow due to heavy use or could even stop working altogether. Test material can be taken from any of the following sources: classroom lectures, textbook, PowerPoint slides, PowerPoint links to mini-quizzes, and full-chapter quizzes found on this page. As such, the above practice quizzes should not be your sole method of study.

Study tip: to create your own custom-quiz using the question numbers that you most need to review, follow these steps:

1) keep track of the question numbers you want to include in your custom-quiz. To find a question's number, you must be viewing the question or the answer on our web site. Then look at the web address bar of your browser. The question number will follow the "q" in the address. For example, the following web address if for question 676:

    http://www.beatthestockmarket.com/accounting/quiz_questions.cfm?q=676#answer

2) After you have compiled a list of questions you want to practice, copy the following web address to the address bar of your web browser:

    http://www.beatthestockmarket.com/accounting/quiz_questions.cfm?q=

3) at the end of the web address above, enter the numbers of the questions you wish to practice (separate question numbers with a single comma). Do NOT enter any blank spaces. The numbers can be in any order. For example, if you wanted to practice questions 2, 4, 6, and 8, the web address would look like this:

    http://www.beatthestockmarket.com/accounting/quiz_questions.cfm?q=2,4,8,6

4) press the "Go" button on your browser window next to the address bar at the top of the window. The questions will appear in a random order.