How well do you know accounting terms?
Could you pass an MBA accounting exam?
Try the MBA-Advantage quick 10-question quiz and find out:
First, a few ground rules:
- when you're ready, select the most appropriate answer (then you will probably automatically be taken to the next question)
- work quickly
- of the four possible answers for each question, more than one may be correct, you only need to choose one
Also, we use some abbreviations, here's what they mean (you may wish to print out this page for reference)
| CA | Current Assets |
| CL | Current Liabilities |
| D | Debt |
| DRS | Debtors (receivables) |
| E | Equity |
| FA | Fixed Assets |
| LTL | Long-term Liabilities |
| OCA | Other Current Assets (Inventories and Accounts Receivable) |
| OE | Owner's Equity |
| QL | Quick Liabilities |
| QA | Quick Assets |
OK, let's get started:
