# Accounting Quiz+ — Trial Balance, Deferral & more

> Trial Balance, Deferral & more (iPhone/iPad app by Forwa Elade Wunde.)

- Source: https://appshunter.io/ios/app/accounting-quiz/id6747587489 (this page in markdown: same URL + `.md`)
- Developer: [Forwa Elade Wunde](https://appshunter.io/developer/1685241344)
- Category: Education, Games, Trivia
- Price: Free with in-app purchases
- Age rating: 4+
- Requires: iOS 17.0 · 24 MB
- Languages: American English
- Released: 2025-06-23
- Data updated: 2026-03-07
- User reviews in markdown: https://appshunter.io/ios/app/accounting-quiz/id6747587489/reviews.md

## What is Accounting Quiz+?

Master Accounting with Fun and Engaging Quizzes! 

Dive into the world of Accounting with our comprehensive quiz app, designed to boost your knowledge, confidence, and skills. Whether you're a student, practitioner, or just exploring the field, this app is your ultimate companion for learning and growth.  

Topics covered:

Introduction to Accounting:
- Purpose and importance of accounting
- Users of accounting information
- Types of accounting (financial, managerial, cost, etc.)

The Accounting Equation and Principles:
- Assets = Liabilities + Equity
- Key accounting principles (e.g., matching, consistency, accrual)
- GAAP and IFRS overview

The Double-Entry System:
- Debits and credits
- T-accounts
- Rules of debit and credit

Recording Transactions: Journals and Ledgers:
- General journal and special journals
- Posting to the ledger
- Chart of accounts

Trial Balance and Adjusting Entries:
- Preparing a trial balance
- Types of adjusting entries (accruals, deferrals, depreciation)
- Common errors and their corrections

Preparing Financial Statements:
- Income statement
- Balance sheet
- Cash flow statement
- Statement of changes in equity

Accounting for Assets:
- Cash and bank reconciliations
- Accounts receivable and bad debts
- Inventory valuation methods (FIFO, LIFO, Weighted Average)
- Fixed assets and depreciation

Accounting for Liabilities:
- Accounts payable
- Notes payable and interest
- Accrued expenses
- Contingent liabilities

Equity Accounting:
- Owner's equity in sole proprietorships
- Shareholders' equity in corporations
- Dividends and retained earnings

Cash Flow Management:
- Operating, investing, and financing activities
- Direct vs indirect method
- Cash budgeting and forecasting

Internal Controls and Fraud Prevention:
- Purpose and principles of internal control
- Segregation of duties
- Common types of fraud and red flags

Managerial and Cost Accounting Basics:
- Cost behavior and classification
- Break-even analysis
- Budgeting and variance analysis
- Job order vs process costing

Tax Accounting Essentials:
- Overview of tax obligations
- Taxable vs non-taxable items
- Deferred tax assets and liabilities

Auditing and Assurance:
- Types of audits
- Audit process and planning
- Auditor’s report and opinion types

Accounting Systems and Technology:
- Manual vs computerized accounting systems
- Introduction to ERP and accounting software (e.g., QuickBooks, SAP)
- Blockchain and AI in accounting


Who is it for?
- Accounting students preparing for exams.  
- Professionals brushing up on their knowledge.  
- Anyone interested in understanding the principles of Accounting.  

Download now and make learning Accounting Quiz+ enjoyable and effective!  

Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Privacy Policy: https://forwaelade.web.app/Accounting/privacy-policy

## Pricing and in-app purchases

Base price: Free.

**Subscriptions**

| Subscription | Price | Period |
| --- | --- | --- |
| 1 Year | $29.99 | per year |
| 1 Month | $9.99 | per month |
| 6 Months | $19.99 | per 6 months |



## Version history (last 3 releases)

### 1.2 — 2026-01-08

-Fixed the issue that displays 'Network Error' when you click on some study topics
-Updated the bottom navigation items on the Home Screen

### 1.1 — 2025-12-03

-Adjusted the quiz retake button on the Stats details screen to 'Reattempt'
-Updated the Profile items layout

### 1.0 — 2025-06-23

No release notes.

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All apps by Forwa Elade Wunde: https://appshunter.io/developer/1685241344

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-03-07.*