Accounting Debit and Credit Quiz

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Master debits and credits fast.

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Herojeleene Alcantara

Philippines

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Froggy Jumps Accounting Debit and Credit QuizVersion en ligne Master debits and credits fast. par Herojeleene Alcantara 1 In double-entry accounting, every transaction must have a debit and a credit. a Sometimes b True c False 2 Which accounts normally have a debit balance? a Assets and expenses b Liabilities and revenues c Equity and revenue 3 Which type of account normally has a credit balance? a Liabilities b Expenses c Assets 4 A debit entry generally increases which side for assets? a Equity b Assets c Liabilities 5 A credit entry generally increases which side for liabilities? a Assets b Liabilities c Expenses 6 Debiting a revenue account would typically: a No effect b Increase revenue c Decrease revenue 7 Debiting an expense account generally: a No effect b Increases the expense c Decreases the expense 8 Which side increases cash when you receive cash? a No side b Debit c Credit 9 What is the normal balance of equity accounts? a Debit b Credit c Neither side 10 Which equation represents basic accounting? a Assets + Liabilities = Equity b Revenue = Expenses + Income c Assets = Liabilities + Equity

Froggy Jumps

Accounting Debit and Credit QuizVersion en ligne

Master debits and credits fast.

par Herojeleene Alcantara

In double-entry accounting, every transaction must have a debit and a credit.

Sometimes

True

False

Which accounts normally have a debit balance?

Assets and expenses

Liabilities and revenues

Equity and revenue

Which type of account normally has a credit balance?

Liabilities

Expenses

Assets

A debit entry generally increases which side for assets?

Equity

Assets

Liabilities

A credit entry generally increases which side for liabilities?

Assets

Liabilities

Expenses

Debiting a revenue account would typically:

No effect

Increase revenue

Decrease revenue

Debiting an expense account generally:

No effect

Increases the expense

Decreases the expense

Which side increases cash when you receive cash?

No side

Debit

Credit

What is the normal balance of equity accounts?

Debit

Credit

Neither side

Which equation represents basic accounting?

Assets + Liabilities = Equity

Revenue = Expenses + Income

Assets = Liabilities + Equity

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Accounting Debit and Credit Quiz

Froggy Jumps

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Créé par

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Accounting Debit and Credit QuizVersion en ligne

par Herojeleene Alcantara

In double-entry accounting, every transaction must have a debit and a credit.

Which accounts normally have a debit balance?

Which type of account normally has a credit balance?

A debit entry generally increases which side for assets?

A credit entry generally increases which side for liabilities?

Debiting a revenue account would typically:

Debiting an expense account generally:

Which side increases cash when you receive cash?

What is the normal balance of equity accounts?

Which equation represents basic accounting?