Free Personnel Test Sample Questions
After the success of my articles on Wonderlic Free Personnel Test Sample Questions and Administrative Jobs Practice Sample question, I will create this article 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
