Free Personnel Test Sample Questions for all Accounting Jobs
After the success of my blogs on Wonderlic Free
Personnel Test Sample Questions and Administrative Jobs Practice Sample question,
I will create this blog for practice tests in accounting jobs.
Accounting - Multiple Choice Tests
Free Personnel Test Sample Questions are aimed at
levels 1 and 2.
Level 1 - Basic Awareness
Description of Test:
A multiple choice test that measures proficiency level
1, containing 33 questions where you choose the correct answer from among 4
choices.
Time limit for test: 40 minutes
What is measured?
Accounting principles, techniques and/or practices,
including: the purpose and interrelationship of financial statements (i.e.,
balance sheet, income statement), general ledger, journal entries, and CICA
Handbook
Pass Mark: You
must score 17 or greater to attain level 1 proficiency.
Level 2 - Basic capability
Description of Test:
A multiple choice test that measures proficiency level
2, containing 33 questions where you choose the correct answer from among 4
choices.
Time limit for test: 40 minutes
What is Measured: Accounting principles, techniques
and/or practices, including: financial statements, journal entries
GAAP, Books of Account, and Organizations
Pass Mark: You must score 18 or greater to attain
level 2 proficiency.
Sample Test Questions:
Accounting Multiple-choice test
Practice questions have been provided for the technical
competency accounting. Try the test. Answers are provided in the end.
Level 1
Question 1
All of the following items are considered part of the
owner's equity, EXCEPT:
a. capital
b. drawings
c. net income
d. dividends
Question 2
The purpose of a balance sheet is to:
a.show the financial position of the business on a
particular date
b.show the net income for a particular period
c.show the fair market value of the business on a
particular date
d.summarize all accounting transactions for the year
Question 3
Chris, the owner of a french fry proprietorship,
obtains a loan from the bank for a down payment on a cottage. How should this be reflected on the financial
statements of Chris's French Fries?
a. asset
b. liability
c. asset and liability
d. none of the above
Question 4
The correct sequence of presentation of items on the
income statement is:
a. revenue, expenses, extraordinary items
B .expenses, revenue, extraordinary items
c extraordinary items, revenue, expenses
d .extraordinary items, expenses, revenue
Question 5
Net income equals:
a. assets - liabilities
b. liabilities - owner's equity
c. revenue + expenses
d. revenue - expenses
Question 6
Financial statements are used by:
a.creditors
b.tax authorities
c.investors
d.all of the above
Question 7.
The posting
reference in the ledger tells:
a.the page of the ledger that the account is on
b.the date of the transaction
c.whether it is a debit or a credit entry
d.the page of the journal where the entry can be found
Answer
1.d
2.a
3.d
4.a
5.d
6.d
7.d
Level 2- Free Personnel Test Sample Questions
Practice questions have been provided for the
technical competency accounting
8. Question
An error in determining year-end inventory will cause
a misstatement of:
a. cost of goods sold
b. gross profit
c. net income
d. all of the above
9. Question
ABCD Appliance Repair completed repairs of $150 on a
customer's dishwasher on June 28th.
Invoice and payment are both made on July 7th. As of June 30th, the $150 is:
a. a prepaid expense
b. an accrued revenue
c. unearned revenue
d. an accrued expense
10. Question
On December
1st, fees earned were credited for $24,000, representing six months of revenue
for the period December 1st to May 31st.
On December 31st, the company should:
a. credit fees earned for $20,000
b. debit unearned fees for $20,000
c. debit fees earned for $20,000
d. credit unearned fees for $4,000
11. Question
In 1999, an equipment owner sold a front end loader
for $75,000, with a book value of $100,000 and accumulated depreciation of
$70,000. What is the accounting
gain/loss on the sale of the loader?
a. ($25,000)
b. $30,000
c. $75,000
d. $45,000
12.
Question
What is the
next number in the sequence? 8, 12, 16, 20, ___
13. Question
7.95 ÷ 1.5
a.2.4, b. 5.3, c. 6.2, d. 7.3, e. 7.5
14. Question
. -42 + 7 equal to:
a. -35, b. 35, c. -36, d. 36, e. 37
15. Question
What is the
absolute value of -7?
-7, b. 7, c. 0, d. -1, e. 1
Answer key
8. d
9. b
10. c
11. d
12. 24
13. b
14. a
15.b
