Quizalize logo
placeholder image to represent content

Introduction to accounting

Quiz by SG Deb

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
10 questions
Show answers
  • Q1
    Which of the following is a basic purpose of accounting?
    Preparing financial statements
    Designing advertising campaigns
    Managing employees
    Selling products
    30s
  • Q2
    Which of the following is an example of an asset in accounting?
    Advertising revenue
    Accounts payable
    Cash
    Salary expense
    30s
  • Q3
    What is the purpose of the double-entry bookkeeping system?
    To manage inventory levels
    To ensure accuracy and maintain balance
    To calculate tax liabilities
    To track employee attendance
    30s
  • Q4
    What is the purpose of the income statement in accounting?
    To record daily transactions
    To track accounts receivable
    To determine the net income or loss of a company
    To calculate inventory valuation
    30s
  • Q5
    What is the accounting equation?
    Assets = Equity
    Liabilities = Expenses
    Assets = Liabilities + Equity
    Revenue = Expenses
    30s
  • Q6
    Which of the following is an example of a current liability in accounting?
    Common stock
    Inventory
    Property, plant, and equipment
    Accounts payable
    30s
  • Q7
    What is the purpose of the balance sheet in accounting?
    To provide a snapshot of a company's financial position
    To track sales and revenue
    To calculate net profit margin
    To analyze market trends
    30s
  • Q8
    What is the purpose of depreciation in accounting?
    To determine tax liabilities
    To record shareholder dividends
    To calculate gross profit
    To allocate the cost of an asset over its useful life
    30s
  • Q9
    What is the purpose of a trial balance in accounting?
    To record daily transactions
    To ensure the equality of debits and credits
    To calculate total revenue
    To generate financial statements
    30s
  • Q10
    What is the purpose of a cash flow statement in accounting?
    To manage employee salaries
    To track the inflow and outflow of cash
    To calculate gross margin
    To issue financial statements
    30s

Teachers give this quiz to your class