Welcome to issue 5 of The Student Accountant, the official E-newsletter of
Accounting Basics for Students.com!
In this issue:
1. Latest Free Accounting Questions – Test Yourself! 2. Your Voice!
1. Latest Free Accounting Questions – Test Yourself!
Think you’re clever? Think you know accounting?
Test yourself by answering the accounting questions below, questions posed by fellow students on the
Accounting-Basics-For-Students.com
website.
We've divided the questions below into different categories so you can focus on those that are most relevant to you.
So with that said, here are the latest and greatest accounting questions:
Accounting Equation:
Basic Journal Entries:
Ledger and T-Accounts:
Balancing T-Account Mini-Exercise
Journal Entries and Ledger Exercise
T-Account Labels
Control Accounts Exercise (General Ledger)
Prepare Total Debtors Account and See Whether the Balance Obtained Agrees with the Balance as per Schedule
Financial Statements:
Cash Flow Statement & Balance Sheet Exercise
Bad debts in Cash Flow Statement?
Cash Flow Statement & Funds Flow Statement
Inventory and Manufacturing:
Material Pricing and Valuation of Stock (FIFO, LIFO & Weighted Average Cost Question)
Manufacturing Costs Question (The cost of raw materials purchased during the year)
Manufacturing Statement Exercise
Relation of Profit to Opening & Closing Inventory
Weighted Average Method
Advanced and Random Questions:
Gross Profit Quick Question
Insurance Claim Journal Entry
Time Difference in Finance
Break Even Analysis Question
Contingent Liability?
Journal Entry for Shares Issued
Accounting for Donations
Financial Cash Flows vs Statement of Cash Flows
Journal Entries Question:
Perpetual Inventory System & Credit Card Transaction
There are many, many more free questions to try on the site. Use the site search box (top right of the screen) on any page of the website to search for free accounting questions on specific topics. For a list of the latest questions, lessons and articles, visit the
Accounting Basics Blog.
Also remember that you can submit your own accounting questions at the bottom of the page of every lesson on the site. Due to limited staff and as we do not make any money from this, we at Accounting-Basics-for-Students no longer answer each and every question submitted. But if it's a good question we'll include it on the site itself and in our newsletter so other students can try and solve it!
2. Your Voice!
As mentioned in previous issues, we created a
whole section on the site just to hear what you have to say – called Your Voice.
In this section you can create your own Personal Web Page, post funny, crazy or horrifying Accounting or Student Stories, find or submit details of Accounting Tutors and more.
So what are you waiting for,
submit today!
Until next time, here's to your success as a Student Accountant!
~ The Editor
Accounting Basics for Students.com
P.S. If you would like to express your opinion on anything in this newsletter or on the site or anything else, please
click here.
We value your feedback.
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