Question 1
In the standard accounting equation, what is equal to liabilities plus owner's equity?
- Assets
- Revenue
- Dividends
- Expenses
Show the answer
Assets
Business · Finance
Accounting trivia quiz
How well do you really know Accounting? Find out in a live duel. QuizDown has over 120 Accounting questions, from easy to expert, and you’re matched with a real player who gets the same seven.
What the Accounting questions cover
- Cash Flows
- Financial Statements
- Bank Reconciliation
- Bookkeeping
- Consolidation
- Depreciation
- Hyperinflation
- Inventory
- Inventory Valuation
- Principal Agent
- Profit Measures
- Receivables
Try three Accounting questions
Question 2
Which financial report summarizes a company's revenues and expenses over a period of time?
- Bank statement
- Income statement
- Cash flow statement
- Balance sheet
Show the answer
Income statement
Question 3
Which report shows what a business owns and owes on a specific date?
- Income statement
- Tax return
- Balance sheet
- Sales journal
Show the answer
Balance sheet
In a real match you’d have ten seconds for each, and faster right answers score more.
How a Accounting match works
- Seven rounds. The same seven Accounting questions for you and your opponent.
- Ten seconds each. A right answer in two seconds scores 20; at the buzzer, 11.
- The last round counts double. It’s never over until it’s over.
Your Accounting ranking is its own: climb it without your other topics dragging you down.