Start learning →

ACCA Knowledge Level Accrual Basis Of Accounting — practice questions

Explore 3 free Accrual Basis Of Accounting questions in ACCA Knowledge Level Financial Accounting. Open each question or exercise to read its content, reference answers and available explanation.

Practise Accrual Basis Of Accounting with Quill →

Accrual Basis Of Accounting questions and exercises with answers

Showing questions 1–3 of 3.

Worked practice questions

Match the Statement (ACCA FA)

Read exercise and reference answers
Matching pairs
  1. Left
    Revenue
    Right
    Statement of profit or loss
  2. Left
    Trade payables
    Right
    Statement of financial position
  3. Left
    Dividends paid
    Right
    Statement of cash flows
  4. Left
    Retained earnings movement
    Right
    Statement of changes in equity
Instructions
Match each item to where it is reported.

Open this exercise →

P&L or Position? (ACCA FA)

Read exercise and reference answers
Items
  1. Item
    Revenue
    Answer
    left
  2. Item
    Depreciation charge
    Answer
    left
  3. Item
    Accumulated depreciation
    Answer
    right
  4. Item
    Trade receivables
    Answer
    right
  5. Item
    Interest expense
    Answer
    left
  6. Item
    Share capital
    Answer
    right
  7. Item
    Cost of sales
    Answer
    left
  8. Item
    Retained earnings
    Answer
    right
Categories
Left
Profit or loss
Right
Financial position
Instructions
Swipe each item to its statement.

Open this exercise →

Finish the Term (ACCA FA)

Read exercise and reference answers
Questions
  1. Question
    Statement of profit or ...
    Correct
    loss
    Choices
    1. loss
    2. cash
    3. equity
  2. Question
    Statement of financial ...
    Correct
    position
    Choices
    1. position
    2. results
    3. summary
  3. Question
    Net realisable ...
    Correct
    value
    Choices
    1. value
    2. cost
    3. margin
  4. Question
    Trade ...
    Correct
    receivables
    Choices
    1. receivables
    2. earnings
    3. reserves
  5. Question
    Share ...
    Correct
    capital
    Choices
    1. capital
    2. expense
    3. margin
Instructions
Tap the word that completes the term.

Open this exercise →

How to practise

  1. Choose a Accrual Basis Of Accounting question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

More Financial Accounting topics