Start learning →

MBA Finance Accountancy — practice by topic

Browse 29 questions across 4 Accountancy topics. Choose what you want to revise, then open a question to check its answer and worked solution.

Start learning MBA Finance with Quill →

Accountancy topics

Accountancy (29)Accounting and Financial Statements (29)Corporate Finance (29)Financial Management (29)

Try a Accountancy question

A clerk records each day's sales and payments in a routine ledger. That routine work is:Read the answer and worked solution →The three main accounting elements were defined in the late 15th century by:Read the answer and worked solution →Cash, equipment and buildings a firm owns are its:Read the answer and worked solution →What a firm owes to its creditors is recorded as its:Read the answer and worked solution →

Worked practice questions

A clerk records each day's sales and payments in a routine ledger. That routine work is:

  1. Bookkeeping
  2. Bookbinding
  3. Bookmarking
  4. Bookselling
Show answer and solution

Correct answer: A. Bookkeeping

1. No analysis or planning is happening. 2. Transactions are simply recorded. 3. This is bookkeeping. _Source: OpenStax Introduction to Business, Chapter 14, Using Financial Information and Accounting._

Open this question →

The three main accounting elements were defined in the late 15th century by:

  1. Luca Marconi
  2. Luca Pacioli
  3. Luca Ricardo
  4. Luca Bernoulli
Show answer and solution

Correct answer: B. Luca Pacioli

1. He was an Italian monk. 2. He named assets, liabilities and owners' equity. 3. He was Brother Luca Pacioli. _Source: OpenStax Introduction to Business, Chapter 14, Using Financial Information and Accounting._

Open this question →

Cash, equipment and buildings a firm owns are its:

  1. Assets
  2. Losses
  3. Wages
  4. Taxes
Show answer and solution

Correct answer: A. Assets

1. They are things of value the firm holds. 2. Some are tangible, some intangible. 3. They are assets. _Source: OpenStax Introduction to Business, Chapter 14, Using Financial Information and Accounting._

Open this question →

How to practise

  1. Choose a Accountancy 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.