Practice - Introduction to Accounting
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What is the primary objective of accounting?
💡 Hint: Think about the main reason why we keep financial records.
Name one branch of accounting.
💡 Hint: It's focused on external users.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does accounting focus on?
💡 Hint: Think about the full process from start to finish.
The accounting equation states that assets equal what?
💡 Hint: This is fundamental to understanding how businesses are funded.
1 more question available
Challenge Problems
Push your limits with advanced challenges
A company has $50,000 in assets and $20,000 in liabilities. Calculate the owner's equity.
💡 Hint: Think about how to rearrange the basic accounting equation.
Describe how cost accounting can influence the pricing strategy of a product.
💡 Hint: What factors do you think influence how much a product sells for?
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.