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Accounting Quiz - Designed to teach, not trick Ace your exam or sharpen your professional knowledge. Almost 700 unique accounting questions with PDF available inside with questions, answers, and explanations. General topics covered: Accounting equation, Accounts payable, Accounts receivable, Accounts receivable turnover, Accrued expenses, Accumulated amortization, Accumulated depreciation, Additional paid-in capital, Adjusting journal entries, Allowance for doubtful accounts, Amortization expense, Asset life, Asset retirement, Asset T-account transactions, Balance sheet, Balance sheet example, Bank reconciliation, Capital improvement, Capitalized interest, Cash basis v. Accrual, Closing retained earnings, Commercial loan, Common stock, Conservatism, Controller, Corporate characteristics, Cost of goods sold, Current assets, Current liabilities, Debits and credits system, Debt to total assets, Debt to total equity, Declining-balance depreciation, Deferred revenue, Depreciation expense, Dividends, Equity T-account transactions, Expense recognition, FIFO Inventory, Financial statement relationships, Finished goods, FOB Ship point v. FOB destination, General ledger, Gross profit, Gross profit margin, Hierarchy of GAAP, IFRS, Income statement, Intangible assets, Interest expense, Inventory, Inventory turnover, Investments, Liabilities, Liability T-account transactions, LIFO Inventory, Notes payable, Notes to financial statements, Partnerships v. limited partnerships, Prepaid expense, Pronouncements, Property, plant, and equipment, Return on assets, Return on equity, Revenue, Revenue recognition, Salvage value, Selling, general, and admin expense, Shareholders, Shareholders equity defined, Sole proprietorship, Stakeholders, Statement of cash flows defined, Statement of cash flows, Statement of shareholders equity, Statement of shareholders equity, Stock split, Straight-line depreciation, Sum-of-the-years-digits depreciation, Times interest earned, Treasury stock, Trial balance, Units-of-production depreciation, Unrealized gain (loss), US-GAAP,US-GAAP v. IFRS, Work-in-process and more.