The well runs deep
Trivia questions and answers, drawn fresh from the well
239,757 public questions across 1,818 topics. Challenge yourself, or build the perfect quiz for game night.
239,757
Questions with answers
1,818
Topics to explore
3
Depths of difficulty
Today at the well
1 / 5 0
What is the term for a future tax saving resulting from a temporary difference between accounting and taxable income?
Answer
Deferred tax asset
Accumulated depreciation is an example of what type of account?
Answer
Contra asset account
Which 15th-century Italian mathematician is known as the 'Father of Accounting' for his description of double-entry bookkeeping?
Answer
Luca Pacioli
What type of audit opinion states that financial statements are fairly presented in accordance with GAAP?
Answer
Unqualified opinion
What are the journal entries made at the end of an accounting period to update account balances before financial statements?
Answer
Adjusting entries
0 / 5
Round complete
239,757 trivia questions
Every question has an answer
1,818 public topics
Something for every quiz
Free to explore
Reveal answers at your own pace
Fresh from the well
Latest trivia questions
Accumulated depreciation is an example of what type of account?
Answer
Contra asset account
What type of audit opinion states that financial statements are fairly presented in accordance with GAAP?
Answer
Unqualified opinion
What is the term for the reduction in the value of goodwill due to a decline in fair value?
Answer
Goodwill impairment
What is the term for the system where every transaction has equal debits and credits?
Answer
Double-entry bookkeeping
What accounting method, used by Enron, records revenue from long-term contracts immediately?
Answer
Mark-to-market accounting