QuizeAI Accounting Solver with Steps
A free accounting solver that shows its work. Type, paste or snap any journal entry, depreciation or cost problem, and see every step with the rule behind it. Then solve the next one yourself.
- 10free answers a day
- Everystep and rule shown
- Debitsalways equal credits
Updated
Solve an accounting question
Type it, paste it, or upload a photo. You get the answer, every step, and the idea behind it.
What is an accounting solver?
An accounting solver works out accounting problems and shows each step. QuizeGpt is an accounting AI solver that goes further: it names the rule it uses, like the accounting equation or a depreciation method, and explains why. You see the method, not just the answer.
- Type a problem, paste a screenshot, or upload a photo.
- Get the answer with every step, written in plain words.
- Ask a follow-up if a step doesn't make sense.
What the accounting problem solver can do
From your first journal entry to break-even analysis, here's what this accounting question solver handles, and how it explains each one.
| Accounting topic | What you get |
|---|---|
| Journal entries and T-accounts | Picks the accounts, says which side is debited and credited, and why. |
| The accounting equation | Uses Assets = Liabilities + Equity to find the missing piece. |
| Adjusting entries | Accruals, deferrals and prepaid items, recorded in the right period. |
| Financial statements | Builds the income statement, balance sheet and cash flow statement line by line. |
| Depreciation | Straight-line, declining balance and units of production, with each formula shown. |
| Inventory | FIFO, LIFO and weighted average, with cost of goods sold and ending inventory. |
| Ratios and analysis | Current ratio, profit margin, ROE and more, with what each one means. |
| Managerial and cost accounting | Break-even, contribution margin, budgets and job costing. |
Accounting solver with steps: worked examples
This is what an accounting solver with steps gives you. Each step says which rule applies and why.
A company buys $5,000 of equipment. It pays $2,000 in cash and signs a note for the rest. Record the entry.
- Equipment (an asset) goes up by $5,000: debit Equipment $5,000.
- Cash (an asset) goes down by $2,000: credit Cash $2,000.
- The note is a new debt of $3,000: credit Notes Payable $3,000. Debits ($5,000) = credits ($2,000 + $3,000).
Answer: Dr Equipment 5,000 · Cr Cash 2,000 · Cr Notes Payable 3,000
A machine costs $30,000, has a $5,000 salvage value and a 5-year life. What is the yearly depreciation?
- Straight-line = (cost − salvage value) ÷ useful life.
- Depreciable cost: $30,000 − $5,000 = $25,000.
- Spread it over 5 years: $25,000 ÷ 5 = $5,000.
Answer: $5,000 per year
On Dec 1, a company pays $1,200 for 12 months of insurance. What is the adjusting entry on Dec 31?
- Each month uses up $1,200 ÷ 12 = $100 of insurance.
- One month (December) has passed, so $100 is now an expense.
- Debit Insurance Expense $100 and credit Prepaid Insurance $100.
Answer: Dr Insurance Expense 100 · Cr Prepaid Insurance 100
Fixed costs are $24,000. Each unit sells for $50 and costs $30 to make. What is the break-even point?
- Contribution margin per unit = price − variable cost = $50 − $30 = $20.
- Break-even units = fixed costs ÷ contribution margin.
- $24,000 ÷ $20 = 1,200 units.
Answer: 1,200 units ($60,000 in sales)
Try it without signing in
Pick a sample problem, then drag a box over it to snap it, just like the Chrome extension does on your homework page.
A company pays $800 rent in cash. Which journal entry is right?
- Debit Rent Expense, Credit Cash
- Debit Cash, Credit Rent Expense
- Debit Rent Expense, Credit Accounts Payable
- Debit Prepaid Rent, Credit Revenue
Drag a box over the question, just like in the extension. On a phone, tap it. Or press Snap & solve.
- Rent Expense goes up. Expenses go up with a debit.
- Cash goes down. Assets go down with a credit.
- So: Debit Rent Expense $800, Credit Cash $800.
Current assets are $60,000 and current liabilities are $40,000. What is the current ratio?
- 1.5
- 0.67
- 20,000
- 2.5
Drag a box over the question, just like in the extension. On a phone, tap it. Or press Snap & solve.
- Current ratio = current assets ÷ current liabilities.
- $60,000 ÷ $40,000 = 1.5.
- So the company has $1.50 of current assets for each $1 it owes soon.
Revenue is $90,000 and expenses are $65,000. What is net income?
- $25,000
- $155,000
- −$25,000
- $65,000
Drag a box over the question, just like in the extension. On a phone, tap it. Or press Snap & solve.
- Net income = revenue − expenses.
- $90,000 − $65,000 = $25,000.
- It's positive, so the company made a profit.
Sample questions with saved answers. The extension works on any question you snap. Want the full tour? Try the interactive demo.
Financial and managerial accounting help
Most accounting classes split into two kinds of problems. QuizeGpt solves both, and it tells you which rules belong to which.
Financial accounting
- Journal entries, T-accounts and the trial balance.
- Adjusting and closing entries at the end of a period.
- Statements: income statement, balance sheet, cash flows.
Managerial and cost accounting
- Cost-volume-profit and break-even analysis.
- Budgets, variances and job or process costing.
- Decisions like make-or-buy and special orders.
How to solve accounting problems, step by step
Whether you use a solver or not, this five-step method works on almost any accounting problem.
- Step 1
Read what it asks
Is it an entry, a statement, a formula or a ratio? Find the accounts and the period.
- Step 2
Pick the rule
The accounting equation, debit and credit rules, or the right formula for the method.
- Step 3
Set it up
Write the journal entry or formula before you add any numbers.
- Step 4
Do the math
Keep the dollar amounts exact, and line up each number with its account.
- Step 5
Check that it balances
Debits must equal credits, and Assets = Liabilities + Equity must still hold.
How to check an accounting answer
Any tool can slip, and so can you. These quick checks catch most mistakes, and they're good habits for the exam.
Debits equal credits
Add up each side of the entry. If the totals don't match, an account or amount is wrong.
The equation still balances
After every entry, Assets should still equal Liabilities plus Equity.
Ask if it makes sense
Book value can't drop below salvage value, and an expense can't be negative.
Common accounting mistakes to avoid
Reversing debits and credits
Assets and expenses go up with a debit. Liabilities, equity and revenue go up with a credit.
Forgetting salvage value
Straight-line depreciation uses cost minus salvage value, not the full cost.
Mixing up cash and accrual
Revenue is recorded when it's earned, not when the cash comes in.
Accounting homework help on any page
The QuizeGpt Chrome extension is an accounting homework solver for the page you're on. Press Ctrl/⌘+Shift+U, drag a box around the problem, and the steps show up in a side panel.
✓ Great for
- Homework where help is allowed.
- Practice problems and textbook PDFs.
- Review after you submit, before the exam.
✕ Not for
- Exams and graded quizzes. Keep it closed.
- Proctored tests. Do your own work.
Doing accounting in McGraw Hill? See how QuizeGpt explains McGraw Hill Connect accounting questions and SmartBook readings, or Canvas practice quizzes. Need the math behind it? Try the algebra solver. Exam soon? Read how to study for a test in one day.
Is the accounting solver free?
Yes. You get 10 free answers a day. Upgrade only if you need more.
Plus
$7.99 / month
Billed monthly. Also $4.99 a week, $29.99 a semester, or $59.99 a year.
- Unlimited answers (fair use)
- Full step-by-step explanations
- Checked answers for harder questions
✓ Cancel anytime. 7-day money-back guarantee on your first payment.
Accounting help: QuizeGpt vs other tools
Thinking of other apps for accounting? Here's how they stack up.
QuizeGpt vs Quizlet
Quizlet helps you memorize. QuizeGpt explains any question you snap.
- Solves any question
- QuizeGpt: Yes — any page, PDF, or imageQuizlet: Limited
- Step-by-step help
- QuizeGpt: Yes, with confidence levelQuizlet: No
- Free plan
- QuizeGpt: Yes — 10 answers/dayQuizlet: Yes (with upsells)
QuizeGpt vs SnapGPT
Both snap a question. QuizeGpt is built to help you learn it.
- Shows how sure it is
- QuizeGpt: YesSnapGPT: Not highlighted
- Hints and why it's wrong
- QuizeGpt: YesSnapGPT: Varies
- Stays off graded tests
- QuizeGpt: Yes — by designSnapGPT: Not stated
QuizeGpt vs Chegg
Chegg has a big bank of answers. QuizeGpt explains your exact question in seconds.
- Speed
- QuizeGpt: SecondsChegg: Minutes to hours (expert Q&A)
- Works on any site
- QuizeGpt: YesChegg: No — its own site/app
- Free plan
- QuizeGpt: Yes — 10 answers/dayChegg: Limited / trial
Accounting FAQ
Is there a free accounting problem solver with AI?
Yes. QuizeGpt is a free AI accounting solver. You get 10 answers a day for free, each with every step and the rule behind it. No card is needed.
What accounting problems can it solve?
Journal entries, adjusting entries, financial statements, depreciation, inventory, ratios, and managerial topics like break-even and budgets. It can also read a table or a photo of your homework.
How does the AI accounting solver work?
You type the question, paste a screenshot or upload a photo. The AI reads it, names the rule or formula that fits, and works through it step by step, so you can follow the logic.
Can it write journal entries?
Yes. It works as a journal entry solver: it picks the accounts, shows which ones are debited and credited and why, and checks that debits equal credits.
Does it do managerial and cost accounting?
Yes. It solves break-even, contribution margin, cost-volume-profit, budgets and job costing problems, with each formula named.
Is it an accounting answer generator?
It gives you the answer, but always with the steps. The goal is that you see how the answer was built, so you can do the next problem on your own.
How accurate are the answers?
It's built to be careful with numbers, and it shows every step so you can check the work. The quickest checks: debits should equal credits, and the accounting equation should still balance.
Can you help me with my accounting homework?
Yes, by showing you how to solve each problem step by step. Use the steps to learn the method, then try the next one yourself. That's what helps on the exam.
Can I use it on an accounting exam?
No. Keep QuizeGpt closed on exams, quizzes that count, and proctored tests. Use it for homework you're allowed help on, practice problems, and review after you submit.
Does it work with my homework site?
Yes. The Chrome extension works on any page, including McGraw Hill Connect, Pearson MyLab Accounting (MyAccountingLab), Cengage, Canvas, textbook PDFs and slides.
Do I need an account?
You can try the sample problems on this page without one. To solve your own accounting problem, sign in for free. That's how we keep track of your 10 free answers a day.
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Solve any journal entry, depreciation or cost problem with every step shown. 10 answers a day, no card needed.
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