Accountant question bank
100 questions. Filter by level and skill, track what you've solved, and see how many people get each one right.
- The rule behind double entry
- Using the accounting equation
- Recording rent paid by bank
- What a trial balance tells you
- Prepaid insurance at year end
- Straight-line depreciation
- GST split on a sale within the state
- Salary owed at year end
- Owner brings in capital
- Cash taken for personal use
- Advance received from a customer
- Recording a credit sale
- Returning goods to a supplier
- Tally voucher for bank to cash
- Normal credit balance
- Spotting capital expenditure
- Why land is not depreciated
- The going concern assumption
- The matching principle
- Applying prudence
- Gross profit margin
- Interest earned but not yet received
- Provision for doubtful debts
- Writing off a bad debt
- Topping up an imprest petty cash
- Cash flow category for equipment
- Recording a trade discount
- Cash discount for paying early
- Where GST collected belongs
- GST composition scheme
- Financial year for Indian companies
- Total on a UAE VAT invoice
- What the sales day book records
- The consistency principle
- Closing inventory under FIFO
- Cost of sales with weighted average
- Working out the bank statement balance
- Book value under the WDV method
- GST payable after input tax credit
- Calculating the quick ratio
- When to record service revenue
- Tax on a sale to another state
- Repairs posted to an asset account
- An undercast sales day book
- Depreciation by machine hours
- Profit or loss on selling a machine
- Cost of goods sold with carriage inwards
- Mark-up versus margin
- Interest accrued on a fixed deposit
- Calculating debtor days
- Inventory turnover
- Debt to equity ratio
- Operating cash flow, indirect method
- Lower of cost and NRV
- GST under reverse charge
- ITC on a staff party
- What the IRN is in e-invoicing
- Supplier invoice missing from GSTR-2B
- Using IGST credit against CGST and SGST
- Customer pays after deducting TDS
- Effect of a reversing accrual
- Rent paid for 18 months
- Direct deposit on the bank statement
- A lawsuit that may be lost
- Sizing a warranty provision
- Restating a USD payable
- Using a receivables ageing report
- Three-way match in payables
- The IFRS 15 five-step model
- Allocating a bundled price
- Initial lease liability under IFRS 16
- Goodwill on buying 80% of a company
- Unrealised profit on an intra-group sale
- UAE VAT return with exports
- Booking a fee with TDS deducted
- An inventory error across two years
- Revenue with an expected volume rebate
- Revenue over time on a contract
- Marketplace revenue: principal or agent
- Lease liability after the first payment
- Depreciating a right-of-use asset
- A 10-month equipment lease
- Deferred tax from depreciation differences
- NCI share of subsidiary profit
- Intercompany balances that do not agree
- Measuring an impairment loss
- Bargain purchase gain under Ind AS
- Recording an upward revaluation
- Interest on a factory under construction
- Depreciation after a change in useful life
- Fixing a material prior-year error
- Basic EPS with a mid-year share issue
- What goes into inventory cost
- Return on equity with DuPont
- Supplier not paid within 180 days
- Goodwill with NCI at fair value
- Carrying amount of an associate
- Computing UAE corporate tax
- Contract asset or receivable
- Allocating revenue to loyalty points