Multiple Choice and

Non-Multiple Choice

Case Study Questions and Answers

SOLVED! Free PDF download with Financial Accounting Case Study Questions and Answers and Financial Accounting Multiple Choice PDF Free download . All questions include full solutions

This website provides free practice questions with answers for accounting and book keeping students. You can download these PDF files and distribute them freely. Below you can find full-cycle accounting cases which allow you to set up journal entries, general ledgers, trial balances, and even financial statements. Also available are financial accounting multiple choice questions.

This document provides the reader with an opportunity to practice the double entry system of accounting or bookkeeping. It contains 5 cases which are each presented as a list of transactions for a full yearly cycle, and then the reader can then prepare a full set of journal entries, as well as a general ledger, trial balance, balance sheet, income statement, statement of retained earnings, and cashflow statement.

The step-by-step solutions are provided as well, so that the student will be able to pinpoint exactly where any errors may have been made. The cases cover fictitious start-up companies with revenues from services and sales, as well as sales returns, various expenses, capital purchases, depreciation, shareholder investment and dividends, unearned revenue, prepaid expenses, the year-end closing entry to book the income statement accounts to retained earnings.

Each case also includes a business loan, along with the loan amortization schedule which allows the student to practice posting journal entries for interest expense and loan repayments. This book does not teach the theory, but instead it is intended to allow students to practice what they have learned in their introductory accounting or introductory bookkeeping course.

This document provides the reader with an opportunity to practice the double entry system of accounting. It contains 50 multiple choice practice questions. The solutions are provided for each question, along with an explanation, so that the student will be able to pinpoint exactly where any errors may have been made.

These multiple choice questions pertain to fictitious companies with revenues from services and sales. They include sales revenue, sales returns, various expenses, capital purchases, depreciation, dividend payouts, unearned revenue, and prepaid expenses. There are also practice questions for business loans, which include the posting of interest expense as well as the principal portion of the loan repayment.

This PDF does not teach the theory, but instead, it is intended to allow students to practice what they have learned in their introductory accounting or introductory bookkeeping course.

Are you looking for more than 55 practice questions?

Take a look at these comprehensive books on Amazon!

Paperback and ebook formats are both available

Financial accounting and managerial accounting exercises are also available, as well as audit, and case writing.

• Introductory Double Entry Accounting Practice Workbook: 1000 Questions with Solutions
• Introductory Double Entry Accounting Workbook: 800 Multiple Choice Questions with Solutions and Explanations
• Introductory Accounting Exercise Workbook Combo Edition: 755 Practice Questions and Business Cases Pertaining to Financial Accounting, Management Accounting and Financial Audit
• Introductory Quantitative Analysis Workbook: Management Decision Making: 1000 Mini Business Cases with Questions and Full Solutions
• Financial Audit Exercise Workbook: 156 Multiple Choice Practice Questions with Solutions
• Introduction to Case Writing for Accountants: 23 Business Cases Pertaining to Financial Accounting, Key Performance Indicators and Audit
• Introductory Accounting Double Entry Exercises (Expanded Edition): 40 Full Cycle Accounting Cases with Complete Solutions
• Introductory Accounting Double Entry Exercises: 20 Full Cycle Accounting Cases with Complete Solutions

All literature in this website was published by L Castelluzzo