Explanations

This part comprises clear explanations of assorted financial and managerial accounting subjects. We’ve tried to clarify every accounting topic in simple language. A number of examples have been given to make the idea simply comprehensible for college students, managers and different enterprise professionals. You’ll be able to enter this part from any web page of this website by clicking on the ‘explanation’ tab offered within the top menu.

 

Please select a topic below:

Transaction analysis – Q & A

Test your learning about ‘transaction analysis’ chapter by answering 10 short questions given below. We suggest you try to answer each question yourself before clicking on the ‘see answer’ button. If you find difficulty in answering these questions, read ‘transaction analysis‘ chapter thoroughly from explanation section of the website.

Accounting equation – Q & A

Test your learning about ‘accounting equation’ chapter by answering 10 short questions given below. We suggest you try to answer each question yourself before clicking on the ‘see answer’ button. If you find difficulty in answering these questions, read ‘accounting equation‘ chapter thoroughly from explanation section of the website.

Accounting equation

The properties owned by a business are called assets and the rights or claims to the properties are referred to as equities. For every business, the sum of the rights to the properties is equal to the sum of properties owned. The relationship between the two may be expressed in the form of an equation. …

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Accounting equation – MCQs

Take a quick Multiple Choice Questions (MCQs) test about Accounting Equation. These MCQs can help you to prepare for your exams, interviews and different tests. Just click the “start quiz” button and start the accounting equation MCQs quiz. If you find difficulty in answering these questions, read the ‘Accounting Equation‘ chapter thoroughly from the explanation …

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Accounting Principle and Concepts MCQs Test

Now its time to assess how much you learned about Accounting principle and concepts. We have prepared below MCQs quiz for this chapter. Go and take the quiz to clear your concepts about Accounting principle and concepts. If you face any difficulty to answer the question we advise you to read this topic thoroughly from …

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