Easy Accountant questions

34 questions · 5 points each for a correct first answer.

1. 1.The rule behind double entrydouble-entryeasy
2. 2.Using the accounting equationaccounting-equationeasy
3. 3.Recording rent paid by bankjournal-entrieseasy
4. 4.What a trial balance tells youtrial-balanceeasy
5. 5.Prepaid insurance at year endprepayments, adjustmentseasy
6. 6.Straight-line depreciationdepreciationeasy
7. 7.GST split on a sale within the stategsteasy
8. 8.Salary owed at year endaccruals, adjustmentseasy
9. 9.Owner brings in capitaljournal-entries, equityeasy
10. 10.Cash taken for personal usejournal-entries, equityeasy
11. 11.Advance received from a customerrevenue-recognition, classificationeasy
12. 12.Recording a credit salejournal-entrieseasy
13. 13.Returning goods to a supplierjournal-entrieseasy
14. 14.Tally voucher for bank to cashtally, voucherseasy
15. 15.Normal credit balancedouble-entryeasy
16. 16.Spotting capital expenditurecapital-vs-revenueeasy
17. 17.Why land is not depreciateddepreciationeasy
18. 18.The going concern assumptionaccounting-principleseasy
19. 19.The matching principleaccounting-principles, accrualseasy
20. 20.Applying prudenceaccounting-principleseasy
21. 21.Gross profit marginratio-analysiseasy
22. 22.Interest earned but not yet receivedaccrualseasy
23. 23.Provision for doubtful debtsreceivables, provisionseasy
24. 24.Writing off a bad debtreceivableseasy
25. 25.Topping up an imprest petty cashpetty-cash, internal-controlseasy
26. 26.Cash flow category for equipmentcash-flow-statementeasy
27. 27.Recording a trade discountjournal-entrieseasy
28. 28.Cash discount for paying earlyreceivables, journal-entrieseasy
29. 29.Where GST collected belongsgsteasy
30. 30.GST composition schemegsteasy
31. 31.Financial year for Indian companiescompanies-acteasy
32. 32.Total on a UAE VAT invoiceuae-vateasy
33. 33.What the sales day book recordsbooks-of-accounteasy
34. 34.The consistency principleaccounting-principleseasy