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Accountant Tests

TESTPORT IQ

1 / 21

Choose the number that is 1/4 of 1/2 of 1/5 of 200:

2 / 21

What letter can replace the question mark to create a word?

3 / 21

Which number should come next in the series?
1 – 1 – 2 – 3 – 5 – 8 – 13

4 / 21

Which one of the five is least like the other four?

Snake

Dog

Elephant

Lion

Mouse

5 / 21

Which factories have production results higher than 550 in 2016?

6 / 21

Please consider the following production results of 5 factories.

How many factories have production results higher than 300 in 2015?

7 / 21

Solve for X:

154

128

180

186

8 / 21

Which one of the five choices makes the best comparison?

PEACH is to HCAEP as 46251 is to:

15264

12654

26451

51462

25641

9 / 21

SUNDAY
MONDAY
TUESDAY
WEDNESDAY
THURSDAY
FRIDAY
SATURDAY
What day comes three days after the day which comes two
days after the day which comes immediately after the day
which comes two days after Monday?

MONDAY

WEDNESDAY

FRIDAY

TUESDAY

SATURDAY

SUNDAY

THURSDAY

10 / 21

If you rearrange the letters “CIFAIPC” you would have the name of a(n):

River

Ocean

Animal

Country

City

11 / 21

Which larger shape would be made if the two sections are fitted together?

12 / 21

How many of the five pairs below are exact duplicates?

13 / 21

Which of the following series of numbers would not create an identical number when rotated 180 degrees?

14 / 21

Which one of the figures below is incorrect?

15 / 21

Mary, who is sixteen years old, is four times as old as her brother. How old will Mary be when she is twice as old as her brother?

16 / 21

Adam needs 13 bottles of water from the store. Adam can only carry 3 at a time. What’s the minimum number of trips Adam needs to make to the store?

4 1/2

17 / 21

What is an average of the following numbers: 2, 4, 5, 6, 8?

18 / 21

What is the next correct letter in the following sequence: A, B, D, G, … ?

19 / 21

Which image should be next in the sequence?

20 / 21

Which one of the following things is the least like the others?

Statue

Poem

Painting

Novel

Flower

21 / 21

How many four-sided figures appear in the diagram below?

TESTPORT ENGLISH

1 / 29

I haven’t got ……

no brothers or sisters

brothers or sisters

any brothers or sisters

some brothers and sisters

2 / 29

….. Caviar in the fridge.

There isn’t no

There is any

There isn’t any

There aren’t no

3 / 29

George….. fly to Stockholm tomorrow.

to going

goes to

is going to

go to

4 / 29

David is the boss, you need to speak to …..

him

her

them

5 / 29

Select the correct Sentence

Give the Sarah book

Give the book to Sarah.

Give to Sarah the book.

Give the book at Sarah.

6 / 29

Every year,he goes to the coast for his holidays ….

in train

on train

by train

with train

7 / 29

There is ………. of beer left from the party

little

much

a lot

too

8 / 29

Michael………Paris in the morning

to leaving

leaves for

is leaving for

leave to

9 / 29

Select the correct Sentence

Pass the salt to Tom

Pass the Tom a salt.

Pass the salt at Tom

Pass to Tom the salt.

10 / 29

I’m going out …….some cigarettes

to buying

for buying

to buy

for to buy

11 / 29

He goes to work …..

by taxi.

on taxi.

with taxi.

in taxi.

12 / 29

We haven’t got ….. mineral water.

a lot

little

too

much

13 / 29

Select the correct Sentence

What’s like the weather?

How’s the weather?

What’s the weather like?

How the weather is?

14 / 29

He ….. breakfast yesterday

hadn’t

no had

didn’t have got

didn’t have

15 / 29

Select the correct Sentence

Mary usually drives carefully.

Mary carefully drives usually.

Mary carefully usually drives.

Mary usually carefully drives.

16 / 29

I’ve lost my keys. I can’t find them …..

anywhere

nowhere.

everywhere.

somewhere.

17 / 29

We’ll never get to the airport! There is ….. time!

few.

too little

too much little.

too few.

18 / 29

There ….. hooligans at the match, for a change.

were no

weren’t no

were any

were not

19 / 29

“….. have you been going out with him?” “Only a few months”

How long

How long time

What time

For how long

20 / 29

Don’t start ….. That’s for babies!

to crying!

crying!

cry!

in crying!

21 / 29

They weren’t happy about the new cat, and frankly, nor …. I.

weren’t

wasn’t

were

was

22 / 29

We’ve been living in the new house…just over a year ago.

and

for

since

23 / 29

That can’t be Albert! I………….

have just seen him

am just seen him

just see him

am just seen him.

24 / 29

You live upstairs from me,……….

do you?

are you?

don’t you?

didn’t you?

25 / 29

Micheal ….for the Bank since last year.

did work

has worked

does work

works

26 / 29

Tom ….. Elizabeth to go to the hospital

told

said

saying to

telling to

27 / 29

They weren’t invited to the party, and nor …. I.

weren’t

was

were

wasn’t

28 / 29

I haven’t had lunch with my mother ….. a year ago.

since

for

during

29 / 29

There ….. spectators at the match.

were no

weren’t no

were any

were not

TESTPORT ACCOUNTING

1 / 28

The two main methods of bookkeeping and accounting are 1) the cash method, and 2) the ____ method.

2 / 28

When using the statement of cash flows to evaluate a company’s continuing solvency, the most important factor to consider is the cash

balance at the end of the period.

flows from (used for) operating activities.

flows from (used for) investing activities.

flows from (used for) financing activities

3 / 28

The financial statement that provides a summary of the firm’s operations for a period of time is the

income statement

statement of financial position.

statement of retained earnings.

4 / 28

Bertram Company had a balance of $100,000 in Retained Earnings at the beginning of the year and

$125,000 at the end of the year. Net income for this time period was $40,000. Bertram’s Statement

of Financial Position indicated that Dividends Payable had decreased by $5,000 throughout the year,

despite the fact that both cash dividends and a stock dividend were declared. The amount of the

stock dividend was $8,000. When preparing its Statement of Cash Flows for the year, Bertram

should show Cash Paid for Dividends as

$20,000

$15,000

$12,000

$5,000

5 / 28

All of the following are elements of an income statement except

expenses.

shareholders’ equity.

gains and losses.

revenue.

6 / 28

A change in the estimate for bad debts should be

treated as an error.

handled retroactively.

considered as an extraordinary item.

treated as affecting only the period of the change.

7 / 28

Adam Retailing Company prices its products by adding 30% to its cost. Adam anticipates sales

of $715,000 in July, $728,000 in August, and $624,000 in September. Adam ’s policy is to have on

hand enough inventory at the end of the month to cover 25% of the next month’s sales. What will be

the cost of the inventory that Adam should budget for purchase in August?

$509,600.

$540,000.

$560,000.

$680,000.

8 / 28

A machine price was $1,000 and was carried through a truck. The truck’s fares were $500. The engineers charged $500 for the installation. The cost of the machine is?

$1,000

$1,500

$2,000

$2,500

9 / 28

When identifying fixed and variable costs, which one of the following is a typical assumption

concerning cost behavior?

A-General and administrative costs are assumed to be variable costs.

Cost behavior is assumed to be realistic for all levels of activity from zero to maximum capacity

Total costs are assumed to be linear when plotted on a graph.

The relevant time period is assumed to be five years.

10 / 28

An item of equipment cost $300,000 and has a residual value of $50,000 at the end of its expected useful life of four years. What is the depreciable amount?

$50,000

$250,000

$300,000

$350,000

11 / 28

Raw materials that are remaining at the end of the reporting period are treated as

liabilities

expenses

fixed assets

current assets

12 / 28

A store that sells expensive custom-made jewelry is most likely to determine its cost of goods

sold using

LIFO

FIFO

Specific Identification

Weighted Average

13 / 28

A bank overdraft is shown as a/an _____ balance in the bank statement.

debit

credit

credit – debit

none of these

14 / 28

A company had 130,000 shares of common stock outstanding on January 1 and sold 30,000

additional shares on March 30. Net income for the year was $495,625. What are earnings per

share?

$3.10

$4.58

$4.96

$3.25

15 / 28

Which from the following is included in the cost of purchases?

Abnormal loss

Freight in

Rent of store

Administrative Salaries

16 / 28

The collection of accounts receivable is recorded by a

Credit to Cash and a credit to Accounts Receivable

Debit to Cash and a debit to Accounts Receivable

Credit to Cash and a debit to Accounts Receivable

Debit to Cash and a credit to Accounts Receivable

17 / 28

Cheques issued but not presented, cause the bank statement balance to be ________ the cash book balance.

greater than

less than

equal to

the two statements are irrelevant

18 / 28

The capital of a business is $100,000 and the liabilities are $40,000. What are the total assets?

$40,000

$60,000

$100,000

$140,000

19 / 28

A purchasing agent wants to know the dollar amount of inventory purchased on account during

the year from a particular supplier. Where is the easiest place to find this information?

Inventory subsidiary ledger

Accounts payable controlling account

Inventory controlling account

Accounts payable subsidiary ledger

20 / 28

A debit entry usually represents

Assets and Expenses

Assets and Income

Liabilities and Income

Liabilities and Expenses

21 / 28

The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as

Current assets

Fixed assets

Intangible assets

Investments

22 / 28

Gross profit is

Cost of goods sold + Opening stock

Excess of sales over cost of goods sold

Sales fewer Purchases

Net profit fewer expenses of the period

23 / 28

Goods which originally cost $800 were sold for $1,000. In the accounting equation Net Assets will

rise by $1,000

rise by $200

fall by $1,000

fall by $200

24 / 28

A company sold goods worth $5,000 on 5 June and $10,000 on 28 June. The company received the first payment on 25 June and second on 7 July. The company prepared the financial statement on 30 June. What would be the total sale on the financial statement?

$5,000

$10,000

$15,000

25 / 28

What standards are used to prepare financial statements by most of the countries and companies

International Financial Reporting Standards

International Financial Accounting Standards

International Accounting & Auditing Standards

International Risk Reporting Standards

26 / 28

Advance payments are recognized as

receivable