Accounting Terms
1 / 15Test your knowledge of bookkeeping and accounting jargon used by financial professionals every day.
15 quick questionsNo sign-upFree to playTap an answer below to begin ↓
In accounting, what does the term 'accrual' refer to?
About Accounting Terms
Test your knowledge of bookkeeping and accounting jargon used by financial professionals every day. Accounting Terms packs 15 multiple-choice questions aimed at mixed difficulty into a relaxed session of roughly 7 minutes — no sign-up, no timer pressure. An explanation appears after every answer, and finishing once a day keeps your streak alive.
A few sample questions
1. In accounting, what does the term 'accrual' refer to?
Answer: Revenue or expenses recorded before cash is exchanged
2. What is a 'ledger' in accounting?
Answer: A book or system for recording financial transactions
3. What does 'GAAP' stand for?
Answer: Generally Accepted Accounting Principles
4. In accounting, what is 'depreciation'?
Answer: The allocation of an asset's cost over its useful life
5. What is a 'balance sheet'?
Answer: A statement showing assets, liabilities, and equity at a specific date
Frequently asked questions
Is Accounting Terms free to play?
Yes. The entire SeniorBrainGames catalog — including Accounting Terms — is free, with no sign-up required, no time limits, and no ads on top of the game. It also works offline once the page has loaded once.
How long does Accounting Terms take?
Most players finish Accounting Terms in about 7 minutes. You can pause between questions, replay it as often as you like, and there is no penalty for taking your time — answers are explained after you submit them.
What's a good follow-up after Accounting Terms?
If you enjoyed this word games quiz, try the Daily Challenge — five rotating questions, refreshed every 24 hours, that count toward your streak. You can also use the Surprise Me button on the homepage to land on a different game type for variety.
Can I print Accounting Terms?
Yes — use the Print button at the top of the page for a clean question sheet, or "Print with Answers" to make an answer key. Printed sheets work well for group play at home, in a classroom, or at a senior center.
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