{
    "questions": [
    {
        "correct_answer": "Assets = Liabilities + Equity",
        "difficulty": "Easy",
        "explanation": "This is the basic accounting equation.",
        "is_randomized": true,
        "options": [
            "Assets = Liabilities + Equity",
            "Assets = Revenue - Expenses",
            "Assets = Liabilities - Equity",
            "Assets = Equity - Liabilities"
        ],
        "question": "What is the basic accounting equation?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "a1b2c3d4-e5f6-7890-abcd-1234567890ab",
        "type": "Single"
    },
    {
        "correct_answer": "Balance Sheet",
        "difficulty": "Easy",
        "explanation": "A balance sheet shows a company's assets, liabilities, and equity at a specific point in time.",
        "is_randomized": true,
        "options": [
            "Balance Sheet",
            "Income Statement",
            "Cash Flow Statement",
            "Statement of Retained Earnings"
        ],
        "question": "Which financial statement shows a company's assets, liabilities, and equity?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "b2c3d4e5-f678-9012-abcd-2345678901bc",
        "type": "Single"
    },
    {
        "correct_answer": "Revenue - Expenses",
        "difficulty": "Easy",
        "explanation": "Net income is calculated by subtracting expenses from revenue.",
        "is_randomized": true,
        "options": [
            "Revenue - Expenses",
            "Assets - Liabilities",
            "Equity + Liabilities",
            "Revenue + Expenses"
        ],
        "question": "How is net income calculated?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "c3d4e5f6-7890-1234-abcd-3456789012cd",
        "type": "Single"
    },
    {
        "correct_answer": "Accounts Receivable",
        "difficulty": "Easy",
        "explanation": "Accounts receivable represents money owed to a company by its customers.",
        "is_randomized": true,
        "options": [
            "Accounts Receivable",
            "Accounts Payable",
            "Inventory",
            "Prepaid Expenses"
        ],
        "question": "Which account represents money owed to a company by its customers?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "d4e5f678-9012-3456-abcd-4567890123de",
        "type": "Single"
    },
    {
        "correct_answer": "Depreciation",
        "difficulty": "Medium",
        "explanation": "Depreciation is the allocation of the cost of a tangible asset over its useful life.",
        "is_randomized": true,
        "options": [
            "Depreciation",
            "Amortization",
            "Depletion",
            "Appreciation"
        ],
        "question": "What is the allocation of the cost of a tangible asset over its useful life called?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "e5f67890-1234-5678-abcd-5678901234ef",
        "type": "Single"
    },
    {
        "correct_answer": "Accrual Basis",
        "difficulty": "Medium",
        "explanation": "Accrual basis accounting recognizes revenues and expenses when they are incurred, not when cash is exchanged.",
        "is_randomized": true,
        "options": [
            "Accrual Basis",
            "Cash Basis",
            "Modified Cash Basis",
            "Tax Basis"
        ],
        "question": "Which accounting method recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "f6789012-3456-7890-abcd-6789012345fa",
        "type": "Single"
    },
    {
        "correct_answer": "Liabilities",
        "difficulty": "Easy",
        "explanation": "Liabilities are obligations that a company owes to outside parties.",
        "is_randomized": true,
        "options": [
            "Liabilities",
            "Assets",
            "Equity",
            "Revenue"
        ],
        "question": "What are obligations that a company owes to outside parties called?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "a7890123-4567-8901-abcd-7890123456ab",
        "type": "Single"
    },
    {
        "correct_answer": "Double-entry",
        "difficulty": "Medium",
        "explanation": "Double-entry accounting means every transaction affects at least two accounts.",
        "is_randomized": true,
        "options": [
            "Double-entry",
            "Single-entry",
            "Triple-entry",
            "Quadruple-entry"
        ],
        "question": "What is the accounting system called where every transaction affects at least two accounts?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "b8901234-5678-9012-abcd-8901234567bc",
        "type": "Single"
    },
    {
        "correct_answer": "Owner's Equity",
        "difficulty": "Easy",
        "explanation": "Owner's equity represents the owner's claims to the assets of the business.",
        "is_randomized": true,
        "options": [
            "Owner's Equity",
            "Liabilities",
            "Revenue",
            "Expenses"
        ],
        "question": "What is the owner's claim to the assets of a business called?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "c9012345-6789-0123-abcd-9012345678cd",
        "type": "Single"
    },
    {
        "correct_answer": "Matching Principle",
        "difficulty": "Medium",
        "explanation": "The matching principle requires that expenses be matched with related revenues.",
        "is_randomized": true,
        "options": [
            "Matching Principle",
            "Revenue Recognition Principle",
            "Cost Principle",
            "Conservatism Principle"
        ],
        "question": "Which accounting principle requires that expenses be matched with related revenues?",
        "source_type": "Mock",
        "subject_id": "f1c1d54a-0b29-44e2-8f95-ecf9f9e6d8b7",
        "topic_id": "d0123456-7890-1234-abcd-0123456789de",
        "type": "Single"
    }
]

}