TAKE THE

ACCOUNTING
QUIZ

SWIPE
 INTRO
5 questions
to test your
accounting skills.

Don’t forget to
share your score in
the comments!
Nicolas Boucher
 Question 1
What is the going concern
accounting principle?
A. A business will be owned by the
same owners in the next 3 years
B. A business will remain be profitable
during the year
C. A business will remain in operation
for the foreseeable future

Nicolas Boucher
 Answer 1
What is the going concern
accounting principle?
A. A business will be owned by the
same owners in the next 3 years
B. A business will remain be profitable
during the year
C. A business will remain in operation
for the foreseeable future

Nicolas Boucher
 Question 2
What means “capitalising”
in accounting?
A. Increase equity
B. Investing
C. Transfer the cost of an item to the
balance sheet and depreciate it in the
next periods

Nicolas Boucher
 Answer 2
What means “capitalising”
in accounting?
A. Increase equity
B. Investing
C. Transfer the cost of an item to the
balance sheet and depreciate it in the
next periods

Nicolas Boucher
 Question 3
Unearned revenue is what
type of account?
A. Asset
B. Liability
C. Equity

Nicolas Boucher
 Answer 3
Unearned revenue is what
type of account?
A. Asset
B. Liability
C. Equity

Nicolas Boucher
 Question 4
What is the formula of the
working capital?
A. Assets – Liabilities
B. Current assets – Current liabilities
C. Current assets + Equity - Current
liabilities

Nicolas Boucher
 Answer 4
What is the formula of the
working capital?
A. Assets – Liabilities
B. Current assets – Current liabilities
C. Current assets + Equity - Current
liabilities

Nicolas Boucher
 Question 5
What means ABC in cost
accounting?
A. Asset Basic Costing
B. Activity Based Costing
C. Asset Based Costing

Nicolas Boucher
 Question 5
What means ABC in cost
accounting?
A. Asset Basic Costing
B. Activity Based Costing
C. Asset Based Costing

Nicolas Boucher
 Thank you for
taking the Quiz.
Now, share your
score in the
comments!
And if one answer was
not clear. Feel free to
ask me for more
explanations!

Nicolas Boucher