Accounting questions can take several shapes. For example one of the accounting  questions could be as follows :-

As time passes, fixed assets other than land lose their capacity to provide useful services. To account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called

1. equipment allocation
2. depreciation
3. accumulation
4. matching

The correct answer for this question would be

B depreciation. When a fixed asset is acquired, its life will be predicted. If its life is #, say ten years, then each year a value of 10 Percent will be deducted from the asset value, and posted to depreciation.

Another accounting question could be as follows :-

The supplies account has a balance of $1,000 at the beginning of the year and was debited during the year for $2,800, representing the total of supplies purchased during the year. If $750 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is

A.$750

B.$3,550

C.$3,800

D.$3,050

The correct answer would be

A very simple way to calculate it is to take the difference between closing balance and opening balance (1000 – 750 = 250) Add this to the years purchases (2800 +250) = 3050 So D is the answer.

For accounting questions, one has to read books on accounts, understand the theory aspect and then apply the same