Welcome to Play Accounting Fill in the blanks test. We have prepared this quiz to helpout students to get prepared for their exams and interview. How to Take the Accounting Equation – Fill In the Blanks Quiz You need to enter your answer for each question in the text box given along with that question. … Read more
The properties owned by a business are called assets and the rights or claims to the properties are referred to as equities. For every business, the sum of the rights to the properties is equal to the sum of properties owned. The relationship between the two may be expressed in the form of an equation. … Read more
Take this quick test on accounting equations to help you prepare for your exams, interviews, or different tests. If you find it difficult to answer any of these questions, you can read about accounting ratios on this website. This multiple choice question (MCQ) test contains 23 questions. Each question has 4 options and you’ll need … Read more
Definition The realization principle of accounting revolves around determining the point in time when revenues are earned. The concept followed by the realization principle is that revenue is realized when the goods and services produced by a business are transferred to a customer, either for cash, an asset, or a promise to pay cash or … Read more
Test your knowledge with this multiple choice question (MCQ) test on accounting principles and concepts. If you’re unsure about any questions, you can read about this topic in detail in the explanation section.