Basic Accounting Quiz Bee:

1. Historical cost has been the valuation basis most commonly used in accounting because
of its
A. reliability.
B. conservatism.
C. timelessness.
D. accuracy.

Answer: A (according to iCPA)

2. Sky Corporation's salaries expense for 2013 was P136,000. Accrued salaries payable on
December 31, 2013, was P17,800 and P8,400 on December 31, 2012. The cash paid for
salaries during 2013 was:
A. 153,800
B. 145,400
C. 127,600
D. 126,600

Answer: 126,600 (136,000+8,400-17,800) PAPABEEB(WORKBACK)

Science/Mathematics:

1. Titan is the largest natural satellite of which planet?

A. Saturn
B. Venus
C. Neptune
D. Jupiter

Answer: A. Saturn (Via Kahoot)

2. Another name for a square is a

A. quadrilateral
B. circle
C. rhombus
D. triangle

Answer: A. Quadrilateral (Via Kahoot)

General Information Quiz Bee:

1. Bubble Gum was invented in 1928 by an accountant. Who is he?

Answer: Walter Diemer (http://www.ideafinder.com/history/inventions/bubblegum.htm)

2. Who studied to be an accountant and now a famous singer? (list of her songs are: When I
think of you, Scream, All for You, Together Again, et.al)
Answer: JANET JACKSON (http://cpatrendlines.com/2010/11/08/fun-facts-12-accountant-
celebrities/)