Accounting Capital Premium > Quiz – Accounting Cycle – MCQ

Quiz – Accounting Cycle – MCQ

Automatic checking along with explanations for each question after completion. Important: you can re-attempt unlimited times only till the time you score 90% or more after which the quiz can not be re-attempted. You can always see y

You can prepare for this quiz from our article here Three Types of Accounts in Accounting

  • Time Limit: Unlimited
  • Level: Easy to Medium
  • Question Type: MCQs
  • Passing Score: 90%
  • No. of Questions: 12
Start Quiz

The ultimate goal of an organization is to prepare _____.

The sequence of steps in an accounting cycle can be performed in any order.

Preparation of financial statements is usually the last step of an accounting cycle.

Preparation of a trial balance comes before preparing _____.

After the ledger accounts are balanced and adjustments are made, _____ is prepared.

After journal entries are recorded, ledger accounts are prepared.

Voucher/Evidence is prepared before recording _____.

After a transaction is recognized, it is _____.

First step of an accounting cycle is to _____ a transaction.

Accounting cycle describes the _____ in which the accounting process takes place.

Trial Balance is prepared from_____.

Trading account is prepared after the _____.

answered 0/

Result

0%

Passing grade - 0%