Practice Test for Financial Accounting US GAAP

This practice test contains unique multiple choice question of the accounting principles, concepts and conventions, capital and revenue expenditures, capital and revenue receipts, books of prime entry, subsidiary books, cash cook, journal, ledger, trial balance, depreciation - methods (straight line and diminishing balance methods), rectification of errors, transfer entries, adjustment entries, closing entries, bank reconciliation statements, preparation of final accounts (for profit and nonprofit entity), accounting ratio, cash flow statements and other important topics.