Accounting Question Bank

About this question bank

A comprehensive multiple-choice practice library covering every chapter of the ICAB Certificate-Level Accounting syllabus. Drill the bookkeeping, double-entry, adjustments, depreciation, reconciliation and final-accounts concepts that appear most often in ICAB exam papers. No timer, instant explanations, unlimited retries.

What you'll practise

Chapters

1. Chapter 1: Introduction to accounting

   Purpose of accounting information, regulation, sustainability standards, the main financial statements, capital vs revenue items, qualitative characteristics, concepts and ethics.
   390 Q
2. Chapter 2: The accounting equation

   Assets = Capital + Liabilities; the business entity concept; effect of transactions on the equation; capital, drawings and profit.
   371 Q
3. Chapter 3: Recording financial transactions

   Computerised accounting systems, source documents, recording bank transactions and the payroll.
   367 Q
4. Chapter 4: Ledger accounting and double entry

   Ledgers and the nominal ledger, double entry, journals, the receivables and payables ledgers, discounts and VAT.
   278 Q
5. Chapter 5: Preparing basic financial statements

   The initial trial balance, balancing off ledger accounts, and preparing the statement of profit or loss and statement of financial position.
   276 Q
6. Chapter 6: Errors and corrections to accounting records and financial statements

   Reconciling to external documents, bank reconciliations, types of error, suspense accounts, correcting journals and adjusting the initial trial balance.
   600 Q
7. Chapter 7: Cost of sales and inventories

   IAS 2, cost of sales, opening and closing inventory entries, inventory counts, cost vs NRV, FIFO and AVCO, mark-up and margin, inventory drawings.
   312 Q
8. Chapter 8: Irrecoverable debts and the allowance for receivables

   Writing off irrecoverable debts, recoveries, the allowance for receivables and adjusting the initial trial balance.
   384 Q
9. Chapter 9: Accruals and prepayments

   The accrual principle, accrued and prepaid expenses, accrued and deferred income, advances and arrears in the trial balance.
   351 Q
10. Chapter 10: Non-current assets, depreciation and impairment

    IAS 16 cost, depreciation methods, IAS 36 impairment, disposals, the asset register, intangible assets and the non-current asset notes.
    383 Q
11. Chapter 11: Company financial statements

    Share capital and reserves, dividends, rights and bonus issues, loans, IAS 37 provisions, tax, IFRS 15 revenue and the regulatory framework.
    426 Q
12. Chapter 12: Company financial statements under IFRS Accounting Standards

    IAS 1 formats: the statement of profit or loss, statement of financial position and statement of changes in equity, and applying them to a trial balance.
    135 Q
13. Chapter 13: Statement of cash flows

    IAS 7 format, operating, investing and financing activities, the indirect and direct methods, and preparing the statement.
    382 Q
14. Chapter 14: Sole trader financial statements under Local GAAP

    Sole trader profit and loss account and balance sheet, capital, drawings and profit from changes in net assets.
    380 Q
15. Chapter 15: Introduction to Public Financial Management

    The public sector in Bangladesh, the budgeting process and budget classification, and accounting and reporting standards for the public sector.
    181 Q
16. Chapter 16: Scenario Based Questions

    ICAB Section-A style scenario questions — statements of cash flows (IAS 7), final accounts and other full-statement computations graded line-by-line.
    3 Q