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Accounting Test

The accounting test uses scenario based questions to evaluate a candidate's understanding of core accounting principles, financial ratios, accounts receivable and payable, adjusting entries, balance sheet reconciliation and financial statement analysis. This test can be used as a pre-employment test to assess on-the-job skills of candidates before an interview.

Customized Based On:

  • Experience/ difficulty level
  • Multiple skills in 1 assessment
  • Job description/ role requirements

Covered Topics:

Accounting Fundamentals
Numerical Reasoning
Verbal Reasoning
Logical Reasoning
See full list
Singapore government logo

The hiring managers felt that through the technical questions that they asked during the panel interviews, they were able to tell which candidates had better scores, and differentiated with those who did not score as well. They are highly satisfied with the quality of candidates shortlisted with the Adaface screening.

Human Resources Manager

Singapore Government

reduction in screening time

Sample Accounting Test Questions

These are just a small sample from our library of 10,000+ questions. The actual questions on this Accounting Online Test will be non-googleable.

🧐 Question🔧 Skill💪 Difficulty⌛ Time
Comprehensive income
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
AccountingMedium2 min
Inventory exchange transaction
Penny Inc. and Vamos Inc. exchanged inventory in a transaction without any commercial substance. Each company had fair values that exceeded costs by 25% Vamos' inventory being more valuable, Penny gave cash to Vamos for the difference. Will anyone recognize a gain, and if yes, who?
AccountingMedium2 min
Some friends live in adjacent apartments in a building in Central Perk, New York. We want to write a function to search the apartment number by name. Which of the following functions should we use?
ExcelMedium2 min
VLOOKUP blood donor
We are looking to find the contact number of the only blood donor with blood group O-. Which function should we use to look up the correct contact number?
A: =VLOOKUP("O-", A1:E10, 3, TRUE)
B: =VLOOKUP("O-", A1:E10, 3, FALSE)
C: =VLOOKUP("O-", D1:D10, 4)
D: =VLOOKUP("O-", D1:D10, 3)
E: =VLOOKUP("O-", A1:E10, 4, TRUE)
F: =VLOOKUP("O-", A1:E10, 4, FALSE)
G: =VLOOKUP("Kane", A1:E10, 4)
ExcelMedium2 min

How to use the Adaface Accounting Test

Start screening candidates within minutes with the ready-to-go Accounting Online Test

1. Choose the most appropriate test for your role

2. Start inviting candidates to complete the assessment

3. Receive real time notifications and shortlist the best candidates

OR Customize the Adaface Accounting Online Test according to your job description

1. Get a custom assessment from our library of 500+ skills within 48 hours

2. Start inviting candidates to complete the assesment

3. Receive real time notifications and shortlist the best candidates

Adaface Accounting Online Test is trusted by enterprises worldwide

Morgan Stanley
SG Government
Ernst and Young
Optimum Solutions
United Nations
Love Bonito

About the Adaface Accounting Assessment Test

Evaluate candidates on account codes, balance sheet reconciliation, chart of accounts, credit & debit, endowment, and fiscal closing skills with Adaface Accounting assessment testing platform powered by an intelligent chatbot.


Use it to verify the accuracy of the balance sheet by comparing the numbers present in General Ledger to the other forms of documentation

Balance Sheet Reconciliations

An index of all possible financial accounts in a company's General Ledger

Chart of Accounts (COA)

Donation of property or money to a non-profit to be used for specific purposes


Management, maintenance, and monitoring of motorized and non-motorized assets

Equipment management

Is the cut-off of financial activities of an organization to generate financial reports for stakeholders

Fiscal closing

If people or entities cannot repay debts to creditors, they can seek relief for some or all of their debt through this legal process


Closing of a small business's General Ledger to transfer temporary-account balances to retained earnings to reduce the balances to zero

Ledger closing
Location code
Organization code

Petty Cash is a small amount of money utilized to pay small expenses

Petty cash

It is a number that is used in IFIS to identify the function associated with a balance or transaction

Program code

Are activities that function as a non-profit business

Self Supporting Activities
Sales and use tax
Income Tax Statement
Tax-Exempt Status

Cash investment pool geared towards maximizing returns on short-term cash balances

Short Term Investment Pool (STIP)

Set of procedures, standards, and principles

Accounting Standards

Is the process of matching the balances in an organization's/individuals accounting records for a cash account to the corresponding information on their bank statement.

Bank Reconciliations
Bond Essentials

Bookkeeping is a practice of maintaining and recording all financial transactions in a business


Process of planning the expenses for a given duration of time


Is the act of ensuring a business maximizes its potential production and activities output

Capacity Management

Refers to the process of managing and collecting cash flow

Cash Management

Refers to an accounting procedure that occurs at the end of each month or a fixed time by the company

Closing the Books

Refers to the amount owed to the business by its customers

Constraint Management
Cost Accounting

Refers to a company's book value


It's a broader measure of the worth of an asset

Fair Value

Use it to evaluate budgets, projects, businesses, and finance-related transactions

Financial Analysis
Financial Ratios

The official or formal records of the financial activities of an entity

Financial Statements

Assets purchased for long-term use and are not cashed in immediately

Fixed Assets

Set of unique standards, accounting systems, and processes supporting the federal government

Governmental Accounting

The body of accounting that deals with valuing accounting for changes in the inventoried assets

Inventory Accounting

Its the process of storing, using, ordering, and selling a company's inventory

Inventory Management
Investor Relations

When two separate entities combine forces to become a joint new organization

Mergers & Acquisitions

The way with which non-profit organizations record, plan, and report their finances

Nonprofit Accounting

Something that is created any time money is owed by a firm for products or services rendered


A business process of payment for paying employees


The annual pension expense disclosure and calculation of a pension plan's liabilities and assets in a company's financial statement

Pension Accounting
Present | Future Value

Known as the act of keeping track of all the activities of a company, individual, or an organization

Record Keeping

Is a generally accepted accounting principle (GAAP) that identifies the specific conditions in which revenue is recognized and it determines how to account for it

Revenue Recognition
Risk Management
Sales and Marketing

An individual who owns the business by themselves

Sole Proprietorships
Trusts and Estates

Use it to classify balances and financial activities within the General Ledger

Account codes

Recommended Roles:

Finance/Accounts Trainee
Accountant Associates/ Executives Administrative Assistant
Forensic accountants
Business analysts

About Accounting

Why is accounting so important?

Accounting keeps you organized

Accounting lets you keep a track of how much money your business has earned and how much money it has paid out. This helps you remember how much your current profit or loss is, compared to the previous quarters.

In short, accounting allows you to know exactly what your business has been up to when it comes to business finances. It helps keep you organized so you can legally and accurately fill out your tax returns.

Accounting holds you accountable

If you have shareholders in your small business, it becomes really important to show rather than tell. Accounting helps one do just that.

Shareholders will hold you accountable for the success of your business. Just by looking at the accounting records, they can observe your business’s growth and success.

Accounting also helps you hold your employees accountable, and helps you stay up-to-date on things like performing trial balances and reconciling bank statements. That way, any fraudulent activity can be caught before it takes too much of a toll on your business.

Helps back up your tax return claims

Business owners usually dread small business tax filings, especially because they have no idea where to begin. This is where the importance of accounting in business comes in.

Step one of filing your tax return requires the gathering of financial records. Without such records (e.g., financial statements), it'll be difficult to be able to enter the correct numbers onto your returns.

If you get audited by IRS, what happens? You need to show them that you’ve done your share of due diligence and have all the necessary accounting information to back up your returns.

Helps guide decision-making

All your purchase and expenditure decisions can be made after going through your accounting records to identify whether it is feasible to make that purchase/ expense or not.

Accounting can help guide the decisions you make so you avoid common business mistakes, like:

  • Overspending
  • Underspending
  • Plateauing

Measure new strategies with hard data

Conduct a risk analysis especially for small businesses before you make a change in your business. This way, you can determine whether taking that risk could benefit or damage your business.

With accounting, you have the numbers showing your business’s expenses and revenue before the change. After you make the change, it can be used to compare the numbers. This way, you know whether your strategy helped or hurt your business.

Necessary for getting investments or loans

Any investor or lender requires information about your business's financials before they make a decision to invest in your business or lend you money. This means that they would want to have a look at your business’s accounting books.

Ideally, you must show investors and lenders your business’s financial statements. This helps them obtain information about your profitability.

Without organized accounting books, your profitability claims, financial statements, and financial forecasts won’t be accurate or have any backing.

Why You Should Use This Accounting Online Test

Accounting online assessment test is designed and validated by industry experts to help recruiters and hiring managers to assess the Accounting skills of the candidate. Top companies are using our Accounting online skills test to reduce candidate screening time by 85%.

The Accounting test screens candidates for the following skills:

  • The ability to analyze numbers and trends with the given data
  • Deep understanding of Accounting Fundamentals
  • The ability to clearly understand complex mathematical ideas
  • Ability to strategize

The insights generated from this assessment can be used by recruiters and hiring managers to identify the best candidates for the role. Anti-cheating features enable you to be comfortable with conducting assessments online. The Accounting online assessment test is ideal for helping recruiters identify which candidates have the necessary accounting skills to do well on the job.

The Accounting Online assessment test is designed to test for basic accounting fundamentals and hands-on advanced accounting skills in using functions and more:

Basic Accounting Skills: These questions are designed to evaluate a candidate's knowledge and expertise of fundamental concepts in Accounting - like Understanding Accrual basis accounting, Cash basis accounting, Accounts payable, Accounts receivable, etc.

Advanced Accounting skills: These questions are designed to assess a candidate's accounting skills in topics like Joint Stack Companies, Bonus Share & Right Share, Debentures, Company Final Accounts, Ratio Analysis, Departmental Accounts, Branch Account, Consignment Account, etc.

About Accounting Professional Job Roles

Typical Financial Accountant responsibilities include:

  • Helping in preparing the monthly profit and loss, and balance sheet reports by collecting data, summarizing data and information
  • Timely response to financial queries by analyzing, summarizing, and interpreting data
  • Creating KPI reports, quarterly and annual statements
  • Conducting regular unbiased internal audits
  • Keeping up to date with financial regulations and compliances

The Accounting test is designed to filter out candidates for job roles like:

  • Accountant
  • Financial Accountant
  • Financial Analyst
  • Financial Manager
  • Management Accountant
  • Staff Accountant

Distribution Of Test Scores

The actual score distribution will vary based on your candidate pipeline quality, but you should typically expect ~20% of the candidates to do well on Adaface assessments.

The score distribution for our assessments follow the normal curve. This is a good sign- standardized tests like SAT and GRE follow the normal distribution (bell curve).

Status quo assessments typically have the exact opposite of the bell curve (too many candidates getting close to 0, too many candidates getting close to 100 and too few candidates in the middle). This is typically because they focus on theoretical questions or trick questions, which are very binary in nature- either you know the trick/ theory or you don’t.

How Adaface Is Different

Adaface conversational assessments are reflective of on-the-job skills and see an 86% completion rate as compared to ~50% for traditional assessment platforms.



Theoretical questions/ puzzles

Feels like a test

One-size-fits-all assessments




Questions for on-the-job skills




Accounting Test FAQs

What is Accounting?

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes analyzing, reporting, and summarizing these transactions to regulators, agencies, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's financial position, operations, and cash flows.

What type of questions will the Accounting Online Test include?

The test is designed to enable recruiters and hiring managers to quickly identify which candidates should be invited to an interview.

This test will assess candidates on their fundamentals and depth of Accounting knowledge with questions on:

  • Accrual basis accounting
  • Cash basis accounting
  • Accounts payable
  • Accounts receivable
  • Joint Stack Companies
  • Bonus Share & Right Share
  • Debentures
  • Company Final Accounts
  • Ratio Analysis
  • Departmental Accounts
  • Branch Account
  • Consignment Account

The questions are designed to test for on-the-job Accounting skills as opposed to just theoretical concepts.

What skills are required for a Accounting role?

Depending on the role and industry, an Accounting expert might require these skills:

  • The ability to analyze numbers and trends with the given data
  • Deep understanding of Accounting Fundamentals
  • The ability to clearly communicate and present complex mathematical ideas
  • Ability to strategize

What is a custom assessment?

Every role is different and requires a custom assessment to identify top candidates efficiently. Adaface subject matter experts understand your job description/ role requirements and pick the most relevant questions from our library of 10000+ questions to create a technical assessment that helps you find the qualified candidates in your candidate pipeline quickly. All custom assessments are set up based on the job description, role requirements, must-have skills, experience level and salary range within a maximum of 48 hours and you will get an email notification once it goes live.

Check out a sample assessment here (no credit card required).

Can I combine multiple skills into one custom assessment?

Yes, absolutely. Custom assessments are set up based on your job description, and will include questions on all must-have skills you specify.

How is Adaface different from other assessment tools?

We believe that status quo tech assessment platforms are not a fair way for companies to evaluate engineers because they focus on trick questions/ puzzles/ niche algorithms. We started Adaface to help companies find great engineers by assessing on-the-job skills required for a role. Read more about why we started Adaface.

Here's what's different with Adaface:

  • High quality non-googleable questions that test for on-the-job skills as opposed to theoretical knowledge.
  • A friendly conversational assessment with a chatbot, instead of sending a "test" to a candidate. This translates to a higher completion rate. Adaface assessments (86% candidate completion rate), as opposed to traditional tests (40-50% candidate completion rate)
  • Customized assessments for 700+ skills at different experience levels.

Do you have any anti-cheating or proctoring features in place?

We have the following anti-cheating features in place:

  • Web proctoring
  • Webcam proctoring
  • Plagairism detection
  • Non-googleable questions
  • Secure browser

Read more about the proctoring features.

How do I interpret test scores?

The primary thing to keep in mind is that an assessment is an elimination tool, not a selection tool. A skills assessment is optimized to help you eliminate candidates who are not technically qualified for the role, it is not optimized to help you find the best candidate for the role. So the ideal way to use an assessment is to decide a threshold score (typically 55%, we help you benchmark) and invite all candidates who score above the threshold for the next rounds of interview.

What experience level can I use this test for?

Each Adaface assessment is customized to your job description/ ideal candidate persona (our subject matter experts will pick the right questions for your assessment from our library of 10000+ questions). This assessment can be customized for any experience level.

Does every candidate get the same questions?

Yes, it makes it much easier for you to compare candidates. Options for MCQ questions and the order of questions are randomized. We have anti-cheating/ proctoring features in place. In our enterprise plan, we also have the option to create multiple versions of the same assessment with questions of similar difficulty levels.

I'm a candidate. Can I try a practice test?

No. Unfortunately, we do not support practice tests at the moment. However, you can use our sample questions for practice.

What is the cost of using this test?

You can check out our pricing plans.

Can I get a free trial?

The platform is completely self-serve, so here's one way to proceed:

  • You can sign up for free to get a feel for how it works.
  • The free trial includes one sample assessment (Java/ JavaScript) that you will find in your dashboard when you sign up. You can use it to review the quality of questions, and the candidate experience of a conversational test on Adaface.
  • To review the quality of questions, you can also review our public questions for 50+ skills here.
  • Once you're convinced that you want to try it out with real assessments and candidates, you can pick a plan according to your requirements.

I just moved to a paid plan. How can I request a custom assessment?

Here is a quick guide on how to request a custom assessment on Adaface.

With Adaface, we were able to optimise our initial screening process by upwards of 75%, freeing up precious time for both hiring managers and our talent acquisition team alike!

Brandon Lee, Head of People, Love, Bonito

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