Accounting Quiz Questions

Everyone should know a little bit about accounting. Money management is important in this topsy turvy financial world. Whether you're wondering how much you know about accounting or you want to learn more, this quiz will help you understand some of the basic concepts of accounting.

1. When are you supposed to record revenues?

• You record revenues when the money is received.
• You record revenues after you spend them.
• You record revenues once they are earned.