Income Statement Quiz

Previous lesson: Income Statement: Example, Format, Explanations
Next lesson: The Statement of Changes in Owner's Equity

quiz accounting

Welcome to our income statement quiz, where you can test your understanding of this key component of the financial statements!

Before you start, I would recommend to time yourself to make sure that you not only get the questions right but are completing them at the right speed.

Difficulty Rating:
Beginner --> Intermediate

Quiz length: 
10 questions

Time limit:
15 minutes

Very important: The solution sheet on the following page only shows the solutions and not whether you got each of the questions right or wrong. So before you start, get yourself a piece of paper and a pen. As you're going through this quiz and selecting your answers, please also write them down on a separate sheet of paper (number the questions 1-10 and put your answers next to them).

Once you're done with the quiz and writing down your answers, click the Check Your Answers button at the bottom and you'll be taken to our page of solutions.

Good luck!

Income Statement Quiz:

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REMINDER: Remember to note down all your answers on a piece of paper before you click the "Check your answers" button above!

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